Description

NSE includes Systematix Corporate Services Limited (SYSTMTXC) in Long-Term ASM Framework Stage-I effective March 17, 2026, with 100% margin requirement applicable from March 19, 2026.

Summary

NSE’s Surveillance department has shortlisted Systematix Corporate Services Limited (SYSTMTXC, ISIN: INE356B01024) under the Long-Term Additional Surveillance Measure (ASM) Framework at Stage-I, effective March 17, 2026. A 100% margin requirement will apply from March 19, 2026 on all open positions as of March 18, 2026 and all new positions created thereafter.

Key Points

  • SYSTMTXC (Systematix Corporate Services Limited, ISIN: INE356B01024) added to Long-Term ASM Stage-I w.e.f. March 17, 2026
  • 100% margin applicable from March 19, 2026 on all open and new positions
  • No securities moved to Stage-IV (Trade-for-Trade segment) in this circular
  • No securities moved between stages (Stage-I to II, II to III, I to IV, or II to IV)
  • ASM framework operates in conjunction with all other prevailing surveillance measures
  • Shortlisting is purely for market surveillance purposes and should not be construed as adverse action against the company

Regulatory Changes

This circular is issued under the ASM framework established by earlier NSE circulars: NSE/SURV/39265, NSE/SURV/45111, NSE/SURV/46557, NSE/SURV/48506, NSE/SURV/52090, NSE/SURV/63362, and NSE/SURV/64066 (dated October 27, 2018 through September 20, 2024). The applicable margin rate for Long-Term ASM is 100%.

Compliance Requirements

  • NSE members must note the inclusion of SYSTMTXC under Long-Term ASM Stage-I
  • Members must collect 100% margin on all open positions in SYSTMTXC as on March 18, 2026
  • 100% margin must be collected on all new positions in SYSTMTXC created from March 19, 2026 onwards
  • Members should refer to NSE FAQs on ASM for detailed framework provisions
  • Queries can be directed to surveillance@nse.co.in

Important Dates

  • March 16, 2026: Circular issued
  • March 17, 2026: SYSTMTXC included in Long-Term ASM Stage-I (effective date)
  • March 18, 2026: Reference date for open positions subject to 100% margin
  • March 19, 2026: 100% margin requirement becomes applicable

Impact Assessment

Traders and investors holding or planning to hold positions in SYSTMTXC (Systematix Corporate Services Limited) will face a significantly increased margin burden of 100% from March 19, 2026. This is likely to reduce liquidity and trading volumes in the stock as the higher capital requirement makes leveraged positions unviable. The stock remains in the Rolling Settlement (EQ series) as no Stage-IV shift was triggered. Market participants should reassess their positions in SYSTMTXC in light of these enhanced surveillance measures.

Impact Justification

100% margin requirement imposed on SYSTMTXC affecting all open and new positions; directly impacts trading costs and liquidity for the affected security.