Description

NSE implements ST-ASM Stage I for C2C Advanced Systems, Divine Hira Jewellers, NDL Ventures, and Yatra Online with 50% margin requirements effective August 18, 2025.

Summary

NSE has imposed Short-Term Additional Surveillance Measure (ST-ASM) Stage I on 4 securities effective August 14, 2025, requiring increased margin rates of 50% or existing margin (whichever is higher, capped at 100%) from August 18, 2025. Additionally, 4 securities are being excluded from the ASM framework.

Key Points

  • 4 securities added to ST-ASM Stage I: C2C Advanced Systems Limited, Divine Hira Jewellers Limited, NDL Ventures Limited, and Yatra Online Limited
  • Margin requirement increases to 50% or existing margin (whichever is higher), capped at 100%
  • 4 securities excluded from ASM framework: Netweb Technologies India Limited, Saurashtra Cement Limited, Upsurge Seeds Of Agriculture Limited, and Vipul Limited
  • No securities moved between ST-ASM stages
  • Surveillance action is market-based and should not be construed as adverse action against companies

Regulatory Changes

Implementation of ST-ASM Stage I surveillance measures with enhanced margin requirements for identified securities based on market surveillance criteria.

Compliance Requirements

  • Market participants must apply 50% margin rate or existing margin (whichever is higher) for the 4 listed securities
  • Maximum margin rate capped at 100%
  • Applies to all open positions as on August 14, 2025 and new positions from August 18, 2025
  • ASM framework operates in conjunction with other prevailing surveillance measures

Important Dates

  • August 14, 2025: Effective date for securities inclusion/exclusion from ASM framework
  • August 18, 2025: Enhanced margin requirements become applicable

Impact Assessment

Medium impact on affected securities with increased trading costs due to higher margin requirements. The measure aims to curb excessive speculation and maintain market stability. Exclusion of 4 securities from ASM provides relief to those stocks, potentially improving liquidity.

Impact Justification

Affects 4 securities with increased margin requirements but excludes 4 others, indicating routine surveillance action