Description
NSE announces addition of 3 securities to ST-ASM Stage I and exclusion of 4 securities from the ASM framework effective March 06, 2026.
Summary
NSE has updated the Short-Term Additional Surveillance Measure (ST-ASM) framework effective March 06, 2026. Three securities have been added to ST-ASM Stage I, while four securities have been excluded from the ASM framework entirely. No securities were added to Stage II or moved between stages.
Key Points
- 3 securities added to ST-ASM Framework Stage I effective March 06, 2026
- No securities added to ST-ASM Stage II
- No securities moved between Stage I and Stage II
- 4 securities excluded from the ASM framework effective March 06, 2026
- GOLDSTAR (Goldstar Power Limited) moved from ST-ASM to ESM (Enhanced Surveillance Measure) framework
- Consolidated ASM list contains 30+ securities across Stage I
Regulatory Changes
The ST-ASM framework is updated periodically by NSE to apply additional surveillance on securities exhibiting abnormal price or volume movements. Securities placed under ST-ASM are subject to enhanced margin requirements and trading restrictions to protect market integrity.
Compliance Requirements
- Brokers and trading members must apply applicable margin requirements for securities listed under ST-ASM Stage I and Stage II
- Clients holding or trading in newly added securities (AVADHSUGAR, KRIDHANINF, TEJASNET) must be informed of the enhanced surveillance status
- Securities excluded from ASM (DEEDEV, KITEX, OMFURN) revert to normal trading conditions; GOLDSTAR moves to ESM framework with its own requirements
Important Dates
- Effective Date: March 06, 2026 — all additions and exclusions apply from this date
Impact Assessment
Newly added to ST-ASM Stage I (restricted trading conditions apply):
| Symbol | Security Name | ISIN |
|---|---|---|
| AVADHSUGAR | Avadh Sugar & Energy Limited | INE349W01017 |
| KRIDHANINF | Kridhan Infra Limited | INE524L01026 |
| TEJASNET | Tejas Networks Limited | INE010J01012 |
Excluded from ASM framework:
| Symbol | Security Name | ISIN | Note |
|---|---|---|---|
| DEEDEV | DEE Development Engineers Limited | INE841L01016 | — |
| GOLDSTAR | Goldstar Power Limited | INE405Y01021 | Moved to ESM |
| KITEX | Kitex Garments Limited | INE602G01020 | — |
| OMFURN | Omfurn India Limited | INE338Y01016 | — |
Traders and investors in AVADHSUGAR, KRIDHANINF, and TEJASNET will face higher margin requirements under Stage I of the ST-ASM framework. Those holding DEEDEV, KITEX, and OMFURN will see normal trading conditions restored, while GOLDSTAR holders should note the transition to ESM, which may carry different restrictions.
Impact Justification
Directly affects trading conditions for multiple securities through enhanced surveillance measures; traders in affected stocks face margin and trading restrictions.