Description

NSE applies ST-ASM Stage I with 50% margin requirements to 5 securities including Ola Electric, while removing 3 securities from surveillance framework.

Summary

NSE has applied Short-Term Additional Surveillance Measure (ST-ASM) Stage I to 5 securities effective August 25, 2025, requiring increased margin rates of 50% or existing margin (whichever is higher), capped at 100%. Additionally, 3 securities have been excluded from the ASM framework.

Key Points

  • 5 securities added to ST-ASM Stage I framework
  • Margin requirement increased to 50% or existing margin (whichever higher), maximum 100%
  • No securities in ST-ASM Stage II currently
  • 3 securities removed from ASM framework (2 moved to ESM framework)
  • Surveillance measures apply to both existing and new positions

Regulatory Changes

  • Implementation of ST-ASM Stage I for identified securities
  • Enhanced margin requirements as surveillance measure
  • Regular review and adjustment of securities under surveillance framework

Compliance Requirements

  • Market participants must comply with increased margin requirements
  • Applicable to all open positions as on August 22, 2025
  • New positions from August 25, 2025 subject to enhanced margins
  • Members must ensure adherence to surveillance measures

Important Dates

  • August 22, 2025: Reference date for existing open positions
  • August 25, 2025: Effective date for ST-ASM implementation and enhanced margin requirements

Impact Assessment

Securities Added to ST-ASM Stage I:

  • Deccan Transcon Leasing Limited (DECCANTRAN)
  • Kingfa Science & Technology (India) Limited (KINGFA)
  • Ola Electric Mobility Limited (OLAELEC)
  • Southern Petrochemicals Industries Corporation Limited (SPIC)
  • Surani Steel Tubes Limited (SURANI)

Securities Excluded from ASM:

  • Kotyark Industries Limited (moved to ESM framework)
  • PG Electroplast Limited
  • Upsurge Seeds Of Agriculture Limited (moved to ESM framework)

The surveillance measures aim to maintain market integrity and are implemented based on market surveillance criteria, not as adverse action against companies.

Impact Justification

Affects 5 securities with increased margin requirements but excludes 3 securities from surveillance