List of securities subject to Reversal Trade Cancellation Mechanism (RTCM) for December 2025, covering over 300 stocks where specific trade cancellation procedures will apply.
Impact
Medium
Severity
Medium
Justification
Affects trading operations for over 300 securities with specific trade cancellation procedures. Important for traders and market participants dealing with these stocks to understand RTCM applicability.
BSE updates surveillance measures for companies under IBC proceedings, including stage transitions and new inclusions in Additional Surveillance Measure framework effective November 13, 2025.
Impact
High
Severity
High
Justification
High severity due to trading restrictions on securities under insolvency proceedings. Affects investor trading ability and liquidity for impacted stocks. Critical information for traders and investors holding these securities.
BSE updates on securities under Additional Surveillance Measure as per Insolvency and Bankruptcy Code (IBC), with Alps Industries Ltd being excluded from ASM effective November 11, 2025.
Impact
Medium
Severity
Medium
Justification
Regular surveillance update affecting multiple securities under IBC framework. One security excluded from ASM. No new securities added to Stage 0, Stage 1, or Stage 2.
BSE updates surveillance measures for companies under Insolvency and Bankruptcy Code (IBC), including stage movements and new additions to monitoring framework effective November 04, 2025.
Impact
High
Severity
High
Justification
High importance and impact as this affects trading surveillance for companies under insolvency proceedings, impacting investor protection and market integrity for multiple securities.
NSE updates the list of securities under Additional Surveillance Measure (ASM) for companies undergoing Insolvency and Bankruptcy Code (IBC) proceedings, effective November 03, 2025.
Impact
Medium
Severity
Medium
Justification
Affects trading conditions for multiple securities under IBC proceedings through ASM framework, impacting liquidity and trading parameters for affected stocks.
NSE circular announcing changes to Additional Surveillance Measure (ASM) for companies under Insolvency and Bankruptcy Code (IBC), with one security being excluded from ASM effective October 29, 2025.
Impact
Low
Severity
Medium
Justification
Routine surveillance update with minimal changes - only one security (FSC) being excluded from ASM-IBC framework, no new securities added to surveillance.
NSE updates list of securities under Additional Surveillance Measure (ASM) for companies under Insolvency and Bankruptcy Code, adding Goenka Diamond and Jewels Limited to Stage I effective October 27, 2025.
Impact
High
Severity
High
Justification
High importance due to addition of securities to IBC surveillance framework which imposes significant trading restrictions. High impact on affected securities and their investors due to enhanced monitoring and potential trading limitations under insolvency proceedings.
NSE circular listing 324 securities subject to Reversal Trade Cancellation Mechanism (RTCM) for November 2025, a surveillance measure to prevent price manipulation.
Impact
High
Severity
Medium
Justification
RTCM is a critical surveillance mechanism affecting 324 securities, enabling NSE to cancel erroneous or manipulative trades. High impact on trading operations and investor protection, though routine monthly update.
NSE circular regarding shifting of securities to Z Category for companies non-compliant with Regulation 33 (submission of financial results) for two consecutive quarters.
Impact
High
Severity
High
Justification
Affects trading category of multiple companies, restricting liquidity through trade-for-trade settlement, impacting investor ability to trade these securities.
BSE updates the list of securities under Additional Surveillance Measure for companies in Insolvency Resolution Process as per Insolvency and Bankruptcy Code, with Carnation Industries Ltd moving to Stage 1.
Impact
Medium
Severity
Medium
Justification
This circular updates surveillance stages for securities under IBC proceedings. One security (Carnation Industries) moved to Stage 1 ASM effective October 15, 2025. While important for affected securities, no securities were excluded or moved between higher stages, limiting broader market impact.