Description
NSE circular announcing inclusion of 3 securities under Long Term Additional Surveillance Measure (LT-ASM) Stage I with 100% margin requirement effective March 12, 2026.
Summary
NSE has announced the inclusion of three securities under the Long Term Additional Surveillance Measure (LT-ASM) Stage I framework effective March 10, 2026. A 100% margin requirement will apply from March 12, 2026 on all open positions as on March 11, 2026 and new positions thereafter. No securities have been shortlisted for Stage IV (Trade-for-Trade) movement in this circular.
Key Points
- Three securities added to LT-ASM Stage I w.e.f. March 10, 2026
- GREENCHEF Appliances Limited moved from Short Term ASM (STASM) to Long Term ASM (LTASM)
- 100% margin applicable from March 12, 2026 on all open and new positions
- No securities moved to Stage II, Stage III, or Stage IV in this update
- No Trade-for-Trade (Series: BE) shifts in this circular
- ASM framework operates in conjunction with all other prevailing surveillance measures
Regulatory Changes
Securities included under LT-ASM Stage I are subject to a 100% margin requirement. The shortlisting is based on market surveillance criteria and does not constitute an adverse action against the company. Reference circulars: NSE/SURV/39265, NSE/SURV/45111, NSE/SURV/46557, NSE/SURV/48506, NSE/SURV/52090, NSE/SURV/63362, NSE/SURV/64066.
Compliance Requirements
- All NSE members must apply 100% margin on open positions in affected securities as on March 11, 2026
- 100% margin must be collected on all new positions in affected securities from March 12, 2026 onwards
- Members should communicate margin requirements to clients holding positions in FILATFASH, GREENCHEF, and VERTEXPLUS
Important Dates
- March 10, 2026: Inclusion of securities under LT-ASM Stage I takes effect
- March 11, 2026: Reference date for existing open positions subject to 100% margin
- March 12, 2026: 100% margin requirement becomes applicable on open positions and new positions
Impact Assessment
Securities Affected:
| Sr. No. | Symbol | Security Name | ISIN |
|---|---|---|---|
| 1 | FILATFASH | Filatex Fashions Limited | INE185E01021 |
| 2 | GREENCHEF | Greenchef Appliances Limited* | INE0O7P01015 |
| 3 | VERTEXPLUS | Vertexplus Technologies Limited | INE0NLB01018 |
*Moved from STASM to LTASM framework
Traders and investors holding positions in these three securities will face significantly increased margin requirements (100%), which may force position unwinding if margin cannot be met. Liquidity in these scrips may reduce as a result. No securities are being moved to the more restrictive Trade-for-Trade segment in this update, limiting broader market disruption.
Impact Justification
100% margin requirement directly restricts trading activity for affected securities; traders holding positions must arrange full margin by March 12, 2026.