Hi Adarsh,
Note 1815695 - SYB: Automatic Database Expansion in SAP ASE refers to the following.
Run recommended version of sybase Update SAP Adaptive Server Enterprise 15.7 to SP51 you seem ok here.
Secondly refer to note 1814258 - SYB: DBA Cockpit Release Notes 7.02 SP14, 7.30 SP10, 7.31 SP9, 7.40 SP4
In this note you will see it depends on your SAP Basis level. please check this.
Kind Regards,
Johan