NSE announces inclusion of Vardhman Polytex Limited under ESM Stage I, movement of two securities from Stage II to Stage I, and exclusion of Arham Technologies from the ESM framework, effective March 02-04, 2026.
Impact
High
Severity
High
Justification
Imposes 100% margin requirements and forces shift from rolling settlement to trade-for-trade segment for affected securities, directly restricting trading conditions for multiple listed companies.
NSE adds Globesecure Technologies Limited to ESM Stage-I effective December 9, 2025, and provides consolidated list of 58 securities under enhanced surveillance framework.
Impact
High
Severity
High
Justification
High importance and impact due to addition of new security to ESM framework with immediate trading restrictions, affecting investor sentiment and liquidity for all 58 securities under surveillance.
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.
NSE updates Enhanced Surveillance Measure framework with 4 securities moving to Stage I, 6 securities moving from Stage I to Stage II, and implementation of 100% margin requirements effective November 14, 2025.
Impact
High
Severity
High
Justification
High impact on trading of affected securities with mandatory 100% margin, shift to Trade-for-Trade segment, and 2% price band restrictions under periodic call auction for Stage II securities