Applicability of Additional Surveillance Measure under ICA
NSE circular NSE/SURV/76082 · 31 Aug 2026
Official record
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Check the official recordWhat changed
The National Stock Exchange of India updates the list of securities under the Additional Surveillance Measure (ASM) framework for companies under the Inter Creditor Agreement (ICA). Annexure I lists securities that meet the ASM criteria. Annexure II lists securities that meet the exclusion criteria. These measures take effect on September 01, 2026. The ASM ICA framework operates with other existing surveillance measures. The shortlisting of securities results from market surveillance. It does not represent an adverse action against the company or entity.
What you must do
- Note the securities in Annexure I and Annexure II for the ASM ICA framework.
Key dates
- Effective from
- 01 Sept 2026
- Effective date for ASM criteria application
- 01 Sept 2026
Document text
National Stock Exchange of India Limited
Circular
| Department: SURVEILLANCE | |
|---|---|
| Download Ref No: NSE/SURV/76082 | Date: August 31, 2026 |
| Circular Ref. No: 672/2026 |
To All NSE Members
Sub: Applicability of Additional Surveillance Measure under ICA
This is with reference to Exchange Circular no. NSE/SURV/37979 dated June 08, 2018, NSE/SURV/42218 dated September 24, 2019 and NSE/SURV/52368 dated May 20, 2022 in respect of Additional Surveillance Measure for Companies as per Inter Creditor Agreement (ICA).
Members are hereby requested to note that the securities as per attached Annexure I have satisfied the criteria under ASM for Companies as per ICA with effect from September 01, 2026.
Further, securities as per attached Annexure II have satisfied the exclusion criteria applicable for ASM for Companies as per ICA.
Market participants may note that ASM ICA framework shall be in conjunction with all other prevailing surveillance measures being imposed by the Exchanges from time to time.
Further, it may also be noted that the shortlisting of securities under ASM ICA is purely on account of market surveillance, and it should not be construed as an adverse action against the concerned company / entity.
In case of any further queries, you may write to us at surveillance@nse.co.in.
For National Stock Exchange of India Limited
Amit Shinde
Chief Manager
Surveillance
Source details
- Source
- National Stock Exchange of India
- Type
- circular
- Published by source
- 31 Aug 2026
- Document number
- NSE/SURV/76082
- Issuing division
- SURVEILLANCE
- Effective date
- 01 Sept 2026
- Coverage area
- securities