Description

NSE places TechEra Engineering (India) Limited under Long-Term ASM Framework Stage-I with 100% margin requirement effective February 10, 2026.

Summary

NSE has issued surveillance measures under the Additional Surveillance Measure (ASM) framework, placing TechEra Engineering (India) Limited (Symbol: TECHERA, ISIN: INE0JQS01019) under Long-Term ASM Framework Stage-I effective February 6, 2026. The company has been moved from Short-Term ASM (STASM) to Long-Term ASM (LTASM) framework. A 100% margin requirement will apply to all positions starting February 10, 2026.

Key Points

  • TechEra Engineering (India) Limited moved from STASM to LTASM Framework Stage-I
  • 100% margin rate applicable on all open positions and new positions from February 10, 2026
  • Margin applies to positions as on February 9, 2026 and new positions created from February 10, 2026 onwards
  • No securities qualified for Stage-IV (Trade-for-Trade) placement in this circular
  • No securities moved between stages (Stage-I to Stage-II, Stage-II to Stage-III, etc.)
  • ASM framework operates in conjunction with all other prevailing surveillance measures
  • Shortlisting is purely for market surveillance and not an adverse action against the company

Regulatory Changes

This circular implements the Long-Term Additional Surveillance Measure framework as established under previous NSE circulars (NSE/SURV/39265, NSE/SURV/45111, NSE/SURV/46557, NSE/SURV/48506, NSE/SURV/52090, NSE/SURV/63362, and NSE/SURV/64066). The measure escalates surveillance on TechEra Engineering from short-term to long-term framework, indicating sustained concerns requiring heightened monitoring.

Compliance Requirements

  • Trading Members: Must ensure 100% margin collection on TECHERA stock for all positions
  • Margin Collection: Applicable to both existing open positions (as on February 9, 2026) and all new positions created from February 10, 2026
  • Investors/Traders: Must maintain 100% upfront margin to trade or hold positions in TECHERA
  • Risk Management: Members must update their risk management systems to reflect the enhanced margin requirements
  • For queries, members can contact NSE at surveillance@nse.co.in

Important Dates

  • February 5, 2026: Circular issuance date
  • February 6, 2026: Effective date for inclusion in Long-Term ASM Framework Stage-I
  • February 9, 2026: Last day positions assessed for margin requirements
  • February 10, 2026: 100% margin requirement becomes applicable on all positions

Impact Assessment

Market Impact: High - The 100% margin requirement will significantly reduce leverage availability for TECHERA stock, likely resulting in reduced trading volumes and liquidity. This creates substantial barriers for intraday traders and leveraged positions.

Investor Impact: Investors holding or trading TECHERA will need to fund 100% of position value upfront, eliminating margin trading benefits. This may force position closures for traders unable to meet the full funding requirement.

Stock-Specific Impact: TECHERA’s transition from STASM to LTASM indicates persistent surveillance concerns. The enhanced measure may create downward pressure on the stock price due to reduced market participation and increased trading costs.

Operational Impact: Brokers must update margin systems and communicate requirements to clients holding TECHERA positions before February 10, 2026 to avoid forced liquidations.

Note: NSE clarifies that ASM placement is a surveillance tool and should not be construed as adverse regulatory action against TechEra Engineering (India) Limited.

Impact Justification

High importance and impact due to 100% margin requirement on TECHERA stock, significantly affecting trading positions and liquidity. Stock moved from Short-Term ASM to Long-Term ASM framework.