NSE updates the list of securities under Enhanced Surveillance Measure (ESM) framework with securities moving in, out, and between stages effective December 2025.
Impact
High
Severity
High
Justification
High impact due to 100% margin requirement, shift to Trade-for-Trade segment, and 2% price band restrictions affecting trading in multiple securities
NSE places three securities under Long-Term ASM Stage-I with 100% margin requirement effective December 1, 2025. Securities include AMBANI ORGOCHEM LIMITED, Net Avenue Technologies Limited, and SVP GLOBAL TEXTILES LIMITED.
Impact
High
Severity
High
Justification
High severity due to 100% margin requirement on affected securities, significantly impacting trading liquidity and investor positions. Effective date is imminent (December 1, 2025).
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.