Description

NSE places Shah Alloys Limited under Long-Term Additional Surveillance Measure Stage I with 100% margin requirement effective September 15, 2025.

Summary

NSE has included Shah Alloys Limited (SHAHALLOYS) under Long-Term Additional Surveillance Measure (ASM) Stage I effective September 11, 2025. The security will be subject to 100% margin requirements on all positions starting September 15, 2025.

Key Points

  • Shah Alloys Limited (SHAHALLOYS, ISIN: INE640C01011) included in Long-Term ASM Framework Stage I
  • 100% margin rate applicable on all open positions as on September 12, 2025 and new positions from September 15, 2025
  • No securities moved to Stage IV (Trade-for-Trade segment)
  • ASM framework works in conjunction with other prevailing surveillance measures
  • Shortlisting is purely for market surveillance and not an adverse action against the company

Regulatory Changes

Implementation of Long-Term Additional Surveillance Measure affecting margin requirements for the specified security.

Compliance Requirements

  • Market participants must ensure 100% margin coverage for SHAHALLOYS positions
  • Compliance with increased margin requirements from September 15, 2025
  • Adherence to all other prevailing surveillance measures

Important Dates

  • September 11, 2025: Effective date for ASM inclusion
  • September 12, 2025: Last day for existing positions under previous margin rates
  • September 15, 2025: 100% margin requirement becomes applicable

Impact Assessment

The surveillance measure will significantly impact trading in Shah Alloys Limited by requiring full margin coverage, potentially reducing speculative trading and improving market stability for this security. The measure affects only one stock, limiting broader market impact.

Impact Justification

Affects specific security with increased margin requirements but limited to one stock