Description
NSE announces securities subject to Short-Term ASM framework effective October 10, 2025, with 7 securities in Stage I and 3 securities excluded from the framework.
Summary
NSE has issued a circular detailing the applicability of Short-Term Additional Surveillance Measure (ST-ASM) framework effective October 10, 2025. Seven securities have been shortlisted in ST-ASM Framework Stage I, while no securities are in Stage II. Additionally, three securities are being excluded from the ASM framework, including Destiny Logistics & Infra Limited which is being moved from ST-ASM to LT-ASM framework.
Key Points
- 7 securities shortlisted in Short-Term ASM Framework Stage I effective October 10, 2025
- No securities in Stage II of ST-ASM framework
- No securities moving between Stage I and Stage II
- 3 securities excluded from ASM framework effective October 10, 2025
- Destiny Logistics & Infra Limited moved from ST-ASM to LT-ASM framework
- Palred Technologies Limited satisfies criteria at BSE
- Consolidated ASM list contains 26+ securities across various stages
Securities Added to ST-ASM Stage I
Effective October 10, 2025:
- ABM International Limited (ABMINTLLTD) - INE251C01025
- California Software Company Limited (CALSOFT) - INE526B01014
- Eimco Elecon (India) Limited (EIMCOELECO) - INE158B01016
- Essar Shipping Limited (ESSARSHPNG) - INE122M01019
- Palred Technologies Limited (PALREDTEC) - INE218G01033 (Satisfies criteria at BSE)
- Tirupati Forge Limited (TIRUPATIFL) - INE319Y01024
- Trust Fintech Limited (TRUST) - INE0SWN01019
Securities Excluded from ASM Framework
Effective October 10, 2025:
- Banaras Beads Limited (BANARBEADS) - INE655B01011
- Destiny Logistics & Infra Limited (DESTINY) - INE0IGO01011 (Moved to LT-ASM)
- Esconet Technologies Limited (ESCONET) - INE0RQZ01017
Regulatory Framework
The Short-Term Additional Surveillance Measure (ST-ASM) is a framework designed to enhance market surveillance and protect investor interests. Securities under this framework are subject to:
- Enhanced monitoring and surveillance
- Additional disclosure requirements
- Potential trading restrictions
- Two-stage classification system (Stage I and Stage II)
Compliance Requirements
- Trading members must ensure compliance with ST-ASM framework requirements for affected securities
- Investors trading in these securities should be aware of the enhanced surveillance measures
- Market participants must adhere to any additional margin or trading restrictions applicable to ST-ASM securities
Important Dates
- Effective Date: October 10, 2025
Impact Assessment
The inclusion of 7 securities in ST-ASM Stage I indicates heightened regulatory scrutiny due to specific market behavior patterns. Investors in these securities may face:
- Increased margin requirements
- Enhanced scrutiny of trading activities
- Potential liquidity constraints
- Greater price volatility monitoring
The exclusion of 3 securities from the ASM framework suggests improved compliance or market behavior. However, Destiny Logistics & Infra Limited’s movement to LT-ASM indicates continued surveillance under a different framework category.
Impact Justification
Surveillance measure affects trading in 7 securities with enhanced monitoring requirements. Moderate impact on affected stocks and their investors due to additional trading restrictions.