Description

NSE announces AGS Transact Technologies Limited (AGSTRA) will be placed under Additional Surveillance Measure (ASM) under the Insolvency and Bankruptcy Code framework effective September 3, 2025.

Summary

The National Stock Exchange has announced that AGS Transact Technologies Limited (Symbol: AGSTRA, ISIN: INE583L01014) will be placed under Additional Surveillance Measure (ASM) under the Insolvency and Bankruptcy Code (IBC) framework effective September 3, 2025. The security has been shortlisted following receipt of corporate announcement/disclosure from the company. The ASM IBC framework operates in conjunction with all other prevailing surveillance measures imposed by exchanges.

Key Points

  • AGS Transact Technologies Limited (AGSTRA) shortlisted for ASM under IBC framework
  • Placement triggered by receipt of corporate announcement/disclosure from the company
  • ASM IBC framework works alongside other existing surveillance measures
  • NSE clarifies this is purely a market surveillance measure, not an adverse action against the company
  • Currently, only one security affected while no securities moved between Stage I and Stage II

Regulatory Changes

No new regulatory changes announced. The circular applies existing ASM IBC framework established through previous circulars (NSE/SURV/37979 dated June 8, 2018, NSE/SURV/52368 dated May 20, 2022, and NSE/SURV/55582 dated February 10, 2023).

Compliance Requirements

  • NSE members must note the security under ASM IBC framework
  • Market participants should be aware that ASM IBC measures work in conjunction with other surveillance measures
  • Trading members to ensure compliance with applicable surveillance requirements for AGSTRA
  • Queries to be directed to surveillance@nse.co.in

Important Dates

  • September 2, 2025: Circular issued
  • September 3, 2025: ASM IBC measures effective for AGS Transact Technologies Limited

Impact Assessment

The placement of AGSTRA under ASM IBC framework may result in enhanced surveillance requirements and potential trading restrictions for the security. This measure is implemented following corporate disclosures suggesting possible insolvency proceedings or related concerns. Trading members and investors in AGSTRA should expect increased monitoring and potential limitations on trading activities. The consolidated list shows four securities currently under ASM IBC Stage I surveillance, including Eastern Silk Industries, Jaiprakash Associates, Lakshmi Precision Screws, and Setubandhan Infrastructure.

Impact Justification

Single stock under enhanced surveillance due to corporate announcement disclosure, impacts trading but limited to one security