Description

NSE announces securities moving into and out of Short-Term Additional Surveillance Measure framework effective September 08, 2025.

Summary

NSE has announced changes to the Short-Term Additional Surveillance Measure (ST-ASM) framework effective September 08, 2025. Three securities are being added to Stage-I of ST-ASM, while five securities are being excluded from the ASM framework entirely. The consolidated list shows 26 securities currently under ASM Stage-I surveillance.

Key Points

  • 3 securities added to ST-ASM Stage-I: Ganga Forging Limited, Moschip Technologies Limited, and Readymix Construction Machinery Limited
  • No securities in ST-ASM Stage-II currently
  • No movement between Stage-I and Stage-II
  • 5 securities excluded from ASM framework with specific reasons
  • Total 26 securities remain under ASM Stage-I surveillance

Regulatory Changes

Securities Added to ST-ASM Stage-I:

  • GANGAFORGE (Ganga Forging Limited) - INE691Z01023
  • MOSCHIP (Moschip Technologies Limited) - INE935B01025
  • READYMIX (Readymix Construction Machinery Limited) - INE10QL01011

Securities Excluded from ASM Framework:

  • AFFORDABLE (Affordable Robotic & Automation Limited)
  • ASTRON (Astron Paper & Board Mill Limited) - moved to LTASM
  • COFFEEDAY (Coffee Day Enterprises Limited) - moved to ESM
  • NEWJAISA (Newjaisa Technologies Limited) - moved to LTASM
  • SHREERAMA (Shree Rama Multi-Tech Limited) - moved to ESM

Compliance Requirements

  • Trading members must ensure compliance with ST-ASM framework requirements for newly added securities
  • Enhanced surveillance measures apply to all securities under Stage-I including margin requirements and position limits
  • Market participants should review exposure to affected securities

Important Dates

  • Effective Date: September 08, 2025
  • All changes to surveillance measures become applicable from market opening on this date

Impact Assessment

Market Impact:

  • Enhanced surveillance on 3 new securities may lead to reduced liquidity and increased volatility
  • Removal of 5 securities from ASM provides relief from restrictive trading conditions
  • Overall ASM list maintains 26 securities under heightened surveillance

Operational Impact:

  • Brokers need to update risk management systems for newly added securities
  • Clients with positions in affected securities should be informed of changed trading conditions
  • Two securities moved to more stringent LTASM framework, two moved to ESM (Enhanced Surveillance Measure)

Impact Justification

Affects specific securities with enhanced surveillance measures and trading restrictions