Description

NSE announces securities moving into and out of Short-Term Additional Surveillance Measure (ST-ASM) framework effective December 01, 2025, with Best Agrolife Limited entering Stage I and nine securities being excluded.

Summary

NSE has updated the list of securities under the Short-Term Additional Surveillance Measure (ST-ASM) framework effective December 01, 2025. One security (Best Agrolife Limited) has been newly added to ST-ASM Stage I, while nine securities are being excluded from the ASM framework. The consolidated ASM list now contains 25 securities across Stage I and Stage II.

Key Points

  • Best Agrolife Limited (BESTAGRO) added to ST-ASM Stage I effective December 01, 2025
  • No securities in ST-ASM Stage II as of this update
  • No securities moving between Stage I and Stage II
  • 9 securities excluded from ASM framework entirely
  • Magellanic Cloud Limited moved from ST-ASM to LT-ASM framework
  • Venus Remedies Limited moved from ST-ASM to ESM framework
  • Consolidated ASM framework currently includes 25 securities total

Regulatory Changes

The Short-Term Additional Surveillance Measure is a regulatory framework designed to alert investors about securities displaying abnormal price movements or unusual trading patterns. Securities under this framework are subject to enhanced surveillance and may have trading restrictions including:

  • Additional margin requirements
  • Price bands
  • Trade-for-trade settlement
  • Periodic call auctions

The framework operates in two stages with progressively stricter surveillance measures.

Securities Affected

Added to ST-ASM Stage I:

  1. Best Agrolife Limited (BESTAGRO) - ISIN: INE052T01013

Excluded from ASM Framework:

  1. K2 Infragen Limited (K2INFRA) - INE0DEZ01013
  2. Magellanic Cloud Limited (MCLOUD)* - INE613C01026
  3. Pansari Developers Limited (PANSARI) - INE697V01011
  4. Service Care Limited (SERVICE) - INE0P1Q01015
  5. S J Logistics (India) Limited (SJLOGISTIC) - INE0F3301020
  6. Universal Cables Limited (UNIVCABLES) - INE279A01012
  7. Venus Remedies Limited (VENUSREM)# - INE411B01019
  8. VL E-Governance & IT Solutions Limited (VLEGOV) - INE03HW01020
  9. VLS Finance Limited (VLSFINANCE) - INE709A01018

*Moved from ST-ASM to LT-ASM framework
#Moved from ST-ASM to ESM framework

Important Dates

  • Effective Date: December 01, 2025 - All changes to ST-ASM framework become applicable

Impact Assessment

For Best Agrolife Limited (BESTAGRO):

  • Will be subject to enhanced surveillance measures under ST-ASM Stage I
  • Investors should expect additional margin requirements and potential trading restrictions
  • May experience reduced liquidity due to surveillance framework

For Excluded Securities:

  • Nine securities removed from ASM framework will return to normal trading conditions
  • Investors can expect removal of enhanced margin requirements
  • Two securities (MCLOUD and VENUSREM) moved to other surveillance frameworks, continuing under different monitoring mechanisms

Market Impact:

  • Limited systemic impact as changes affect individual securities
  • Investors and traders in affected stocks should review their positions and margin requirements
  • The consolidated ASM list of 25 securities represents ongoing market surveillance activities

Compliance Requirements

  • Trading members must ensure compliance with margin requirements for securities under ST-ASM
  • Investors should be aware of trading restrictions applicable to ST-ASM securities
  • Brokers must inform clients about the surveillance status of affected securities

Impact Justification

Routine surveillance measure update affecting 10 securities - 1 entering ST-ASM and 9 being excluded. Limited market-wide impact but significant for affected stocks and their investors.