Description

NSE updates Long-Term ASM framework with 4 securities moving to Stage-I and 9 securities being excluded from ASM framework effective September 8, 2025.

Summary

NSE has issued updates to the Long-Term Additional Surveillance Measure (ASM) framework effective September 8, 2025. Four securities are being added to Long-Term ASM Framework Stage-I, while nine securities are being excluded from the ASM framework entirely.

Key Points

  • 4 securities shortlisted for Long-Term ASM Framework Stage-I
  • 2 securities moved from Short-Term ASM (STASM) to Long-Term ASM (LTASM)
  • 9 securities to be excluded from ASM framework
  • No securities moving between different ASM stages
  • Changes effective from September 8, 2025

Regulatory Changes

Securities Added to Long-Term ASM Stage-I:

  • Astron Paper & Board Mill Limited (ASTRON) - moved from STASM, also satisfies BSE criteria
  • Cartrade Tech Limited (CARTRADE)
  • Newjaisa Technologies Limited (NEWJAISA) - moved from STASM
  • Sahasra Electronic Solutions Limited (SAHASRA)

Securities Excluded from ASM Framework:

  • Alkali Metals Limited (ALKALI)
  • Arvee Laboratories (India) Limited (ARVEE)
  • Bang Overseas Limited (BANG)
  • Centum Electronics Limited (CENTUM)
  • IFCI Limited (IFCI)
  • Mangalore Chemicals & Fertilizers Limited (MANGCHEFER)
  • Megastar Foods Limited (MEGASTAR)
  • MMTC Limited (MMTC)
  • SRM Contractors Limited (SRM)

Compliance Requirements

  • Trading members must adhere to applicable surveillance measures for securities in Long-Term ASM Stage-I
  • Enhanced monitoring and reporting requirements for ASM securities
  • Securities moving to Stage-IV would shift from Rolling Settlement (EQ) to Trade for Trade (BE) on T+3 basis

Important Dates

  • Effective Date: September 8, 2025
  • All ASM framework changes become applicable from this date

Impact Assessment

Market Impact:

  • Enhanced surveillance on 4 securities may reduce speculative trading
  • 9 securities being excluded from ASM framework will see relaxed surveillance measures
  • Trading volumes and liquidity patterns may be affected for impacted securities
  • Investors should expect increased monitoring and potential trading restrictions for ASM Stage-I securities

Impact Justification

Affects trading conditions for 13 securities with surveillance measure changes that impact liquidity and trading volumes