Description

NSE updates Long-Term ASM Framework with Nelcast Limited added to Stage-I effective August 05, 2025.

Summary

NSE has updated the Long-Term Additional Surveillance Measure (ASM) Framework with Nelcast Limited being added to Stage-I effective August 05, 2025. No securities are being moved between stages or excluded from the framework.

Key Points

  • Nelcast Limited (INE189I01024) added to Long-Term ASM Framework Stage-I
  • No securities moving between different ASM stages
  • No securities being excluded from ASM Framework
  • All other stage transition lists show ‘Nil’ entries

Regulatory Changes

  • Addition of one new security to Long-Term ASM Framework Stage-I
  • Consolidated ASM list continues to include multiple securities across different stages
  • Stage-IV securities subject to Trade for Trade (Series: BE) on T+3 basis

Compliance Requirements

  • Market participants must apply appropriate surveillance measures for Nelcast Limited
  • Enhanced monitoring and reporting requirements for Stage-I securities
  • Compliance with ASM framework criteria and restrictions

Important Dates

  • Effective Date: August 05, 2025
  • All changes applicable from market opening on the effective date

Impact Assessment

  • Limited impact as only one security added to surveillance framework
  • Enhanced monitoring may affect trading volumes and liquidity for Nelcast Limited
  • Existing ASM securities continue under current stage requirements
  • No immediate changes to trading mechanisms for most securities

Impact Justification

Addition of one security to surveillance framework affects trading conditions but limited scope