Description

NSE places AKIKO and SHARDACROP under ST-ASM Stage I with 50% margin requirements effective July 30, 2025.

Summary

NSE has imposed Short-Term Additional Surveillance Measure (ST-ASM) Stage I on two securities - Akiko Global Services Limited (AKIKO) and Sharda Cropchem Limited (SHARDACROP) - effective July 30, 2025. The measure includes increased margin requirements of 50% or existing margin, whichever is higher, capped at 100%.

Key Points

  • Two securities shortlisted under ST-ASM Stage I framework
  • Margin rate increased to 50% or existing margin, whichever is higher
  • Maximum margin rate capped at 100%
  • Applies to all open positions as on July 29, 2025 and new positions from July 30, 2025
  • One security (VR Infraspace Limited) excluded from ASM framework as it moved to LT-ASM

Regulatory Changes

  • Implementation of Short-Term Additional Surveillance Measure on identified securities
  • Enhanced margin requirements for affected stocks
  • Framework operates in conjunction with other prevailing surveillance measures

Compliance Requirements

  • Market participants must comply with increased margin requirements for AKIKO and SHARDACROP
  • Margin rates apply to both existing open positions and new positions
  • Members must adhere to surveillance framework provisions

Important Dates

  • July 29, 2025: Last day for existing margin rates on open positions
  • July 30, 2025: Effective date for new margin requirements (50% minimum)

Impact Assessment

Market Impact: Medium - affects trading in two specific securities with increased capital requirements for positions. Operational Impact: Medium - traders and brokers need to adjust margin calculations and risk management for affected securities. The measure is surveillance-based and should not be construed as adverse action against the companies.

Impact Justification

Affects specific securities with increased margin requirements but limited to two stocks