Description

NSE surveillance action shifting SHIV AUM STEELS LIMITED from Rolling segment (EQ) to Trade for Trade segment (BE) with 5% price band from April 6, 2026, along with continuation of two securities in Trade for Trade segment.

Summary

NSE’s Surveillance Department has issued a circular (Ref No: NSE/SURV/73522, Circular Ref. No: 229/2026) dated March 30, 2026, announcing the shift of SHIV AUM STEELS LIMITED (Symbol: SHIVAUM) from the Rolling segment (series: EQ) to the Trade for Trade segment (series: BE) with a price band of 5% or lower, effective April 06, 2026. Additionally, two securities — PARAS PETROFILS LIMITED and USHANTI COLOUR CHEM LIMITED — will continue trading in the Trade for Trade segment.

Key Points

  • SHIV AUM STEELS LIMITED (SHIVAUM, ISIN: INE719F01016) will be shifted from Rolling segment (EQ) to Trade for Trade segment (BE) with a 5% price band effective April 06, 2026 (Monday).
  • The shift criteria for SHIVAUM: Price Earnings Multiple, Price Variation & Market Capitalization.
  • No securities are being shifted from SME Rolling segment (SM) to Trade for Trade segment (ST) in this circular.
  • PARAS PETROFILS LIMITED (PARASPETRO, ISIN: INE162C01024) will continue in Trade for Trade segment (series: BE/BZ).
  • USHANTI COLOUR CHEM LIMITED (UCL, ISIN: INE00NI01015) will continue in Trade for Trade segment (series: ST/SZ).
  • Settlement for all listed securities will be on a trade-to-trade basis with no netting off allowed.
  • Once shifted to Trade for Trade, the securities will no longer be available in rolling segment (EQ/SM).

Regulatory Changes

Pursuant to Capital Market Segment Trading Regulations Part - A, 2.6, trading in SHIVAUM will move to the Trade for Trade (BE/ST) segment. This is a surveillance-driven action and should not be construed as an adverse action against the concerned company.

Compliance Requirements

  • NSE members must take adequate precaution while trading in the above securities as no netting off will be permitted.
  • Members should note that SHIVAUM will no longer be available in the rolling segment (EQ/SM) from April 06, 2026.
  • Members with positions or orders in these securities must adjust their trading and risk management systems accordingly.

Important Dates

  • March 30, 2026: Circular issued.
  • April 06, 2026 (Monday): Effective date for shift of SHIVAUM from Rolling segment (EQ) to Trade for Trade segment (BE) with 5% price band.

Impact Assessment

Traders and investors holding SHIV AUM STEELS LIMITED (SHIVAUM) will face restricted trading conditions from April 06, 2026, with a 5% price band and mandatory trade-to-trade settlement (no netting). This increases transaction costs and reduces liquidity for the security. The shift is based on surveillance criteria including Price Earnings Multiple, Price Variation, and Market Capitalization, indicating heightened regulatory scrutiny. PARAS PETROFILS LIMITED and USHANTI COLOUR CHEM LIMITED remain under existing Trade for Trade restrictions with no change to their status.

Impact Justification

Affects a limited number of securities (3 stocks) with trading restrictions; relevant primarily to traders holding or monitoring these specific securities. Standard periodic surveillance review action.