Description
NSE announces applicability of Short-Term ASM (ST-ASM) framework with 4 securities added to Stage I and 4 securities excluded, effective March 04, 2026.
Summary
NSE has issued the updated applicability of the Short-Term Additional Surveillance Measure (ST-ASM) framework. Four securities have been freshly shortlisted under ST-ASM Stage I, while four securities have been excluded from the ASM framework entirely, all effective March 04, 2026. No securities were added to Stage II, and no stage transitions (Stage I to II or II to I) were recorded in this update.
Key Points
- 4 securities newly added to ST-ASM Stage I effective March 04, 2026
- 0 securities added to ST-ASM Stage II
- 0 securities moved between stages
- 4 securities excluded from the ASM framework effective March 04, 2026
- The consolidated ASM list contains at least 30 securities under Stage I surveillance
Regulatory Changes
The ST-ASM framework imposes enhanced surveillance conditions (such as revised price bands and/or margin requirements) on shortlisted securities to curb excessive speculation and abnormal price movements. Securities placed under ST-ASM Stage I face tighter trading controls compared to normal market conditions. Stage II carries even stricter restrictions than Stage I.
Compliance Requirements
- Trading Members / Brokers: Must ensure clients are informed of revised margin and price band requirements for newly added ST-ASM securities effective March 04, 2026.
- Investors: Should note that securities added to ST-ASM Stage I (AILIMITED, BRANDMAN, SUKHJITS, XTGLOBAL) will be subject to enhanced surveillance measures including potentially higher margin requirements.
- Excluded Securities: GOKUL, KNAGRI, SUNREST, and SYSTMTXC are released from ASM restrictions and will revert to normal trading conditions from March 04, 2026.
Important Dates
- Effective Date for Additions and Exclusions: March 04, 2026
- Circular Date: March 02, 2026
Impact Assessment
Newly Added to ST-ASM Stage I (effective March 04, 2026):
| Symbol | Security Name | ISIN |
|---|---|---|
| AILIMITED | Abhishek Integrations Limited | INE0CAJ01017 |
| BRANDMAN | Brandman Retail Limited | INE0XUD01014 |
| SUKHJITS | Sukhjit Starch & Chemicals Limited | INE450E01029 |
| XTGLOBAL | Xtglobal Infotech Limited | INE547B01028 |
Excluded from ASM Framework (effective March 04, 2026):
| Symbol | Security Name | ISIN |
|---|---|---|
| GOKUL | Gokul Refoils and Solvent Limited | INE020J01029 |
| KNAGRI | KN Agri Resources Limited | INE0KNW01016 |
| SUNREST | Sunrest Lifescience Limited | INE0PLZ01012 |
| SYSTMTXC | Systematix Corporate Services Limited | INE356B01024 |
Traders and investors holding positions in AILIMITED, BRANDMAN, SUKHJITS, or XTGLOBAL should anticipate higher margins and possible price band restrictions beginning March 04, 2026. Conversely, the four excluded securities will see eased trading conditions. The broader consolidated ASM list remains large, reflecting ongoing NSE vigilance over securities showing abnormal trading patterns.
Impact Justification
Routine surveillance circular affecting 8 securities with trading restrictions for Stage I additions; medium impact as it directly affects traders and investors holding these specific scrips.