Description

NSE announces securities shortlisted under Short-Term Additional Surveillance Measure (ST-ASM) Framework effective December 31, 2025, including 5 securities in Stage-I and exclusion of 4 securities from ASM.

Summary

NSE has updated the list of securities under the Short-Term Additional Surveillance Measure (ST-ASM) Framework effective December 31, 2025. Five securities have been shortlisted in ST-ASM Stage-I, while four securities are being excluded from the ASM Framework entirely. The consolidated ASM list now contains 31 securities across different stages.

Key Points

  • 5 securities added to Short-Term ASM Framework Stage-I: Cubex Tubings Limited, Dynamic Services & Security Limited, Hindustan Copper Limited, Matrix Geo Solutions Limited, and MMTC Limited
  • No securities in ST-ASM Stage-II currently
  • No securities moving between Stage-I and Stage-II
  • 4 securities excluded from ASM Framework: Amiable Logistics (India) Limited, DJ Mediaprint & Logistics Limited, Jayesh Logistics Limited, and Walchandnagar Industries Limited
  • Consolidated ASM list contains 31 securities total (30 in Stage-I, 1 in Stage-II)

Regulatory Changes

The Short-Term ASM Framework applies enhanced surveillance measures to securities showing unusual price movements or volatility patterns. Securities in this framework face additional trading restrictions and monitoring.

Compliance Requirements

Market participants trading in the affected securities must comply with ST-ASM framework requirements, which may include:

  • Price bands or circuit limits
  • Additional margin requirements
  • Enhanced reporting obligations
  • Trading restrictions as applicable to the surveillance stage

Important Dates

  • Effective Date: December 31, 2025 - New ST-ASM classifications and exclusions become applicable

Impact Assessment

Securities Added to ST-ASM Stage-I (5 securities):

  1. CUBEXTUB - Cubex Tubings Limited (INE144D01012)
  2. DYNAMIC - Dynamic Services & Security Limited (INE0DZ701010)
  3. HINDCOPPER - Hindustan Copper Limited (INE531E01026)
  4. MGSL - Matrix Geo Solutions Limited (INE132901013)
  5. MMTC - MMTC Limited (INE123F01029)

Securities Excluded from ASM (4 securities):

  1. AMIABLE - Amiable Logistics (India) Limited (INE0MTP01013)
  2. DJML - DJ Mediaprint & Logistics Limited (INE0B1K01014)
  3. JAYESH - Jayesh Logistics Limited (INE1AE401014)
  4. WALCHANNAG - Walchandnagar Industries Limited (INE711A01022)

The addition of securities to ST-ASM indicates recent unusual price/volume behavior requiring enhanced surveillance. The exclusion of 4 securities suggests normalization of trading patterns. Investors in the newly added securities should expect stricter trading conditions and potentially higher transaction costs due to surveillance measures.

Impact Justification

Affects trading in 5 securities newly added to ST-ASM Stage-I and removes 4 securities from surveillance framework. Medium impact as it changes trading conditions for specific securities.