NSE announces inclusion of Aakash Exploration Services Limited under ESM Stage-I effective March 10-11, 2026, with 100% margin requirement and shift to Trade-for-Trade segment.
Impact
High
Severity
High
Justification
Mandatory 100% margin requirement and forced migration from rolling settlement to trade-for-trade segment directly impacts trading of affected securities, restricting liquidity and increasing cost of participation.
NSE updates Enhanced Surveillance Measure (ESM) framework effective March 04-05, 2026, with UNIVPHOTO moving from Stage I to Stage II and no new inclusions or exclusions.
Impact
High
Severity
High
Justification
ESM changes impose 100% margin requirements and shift securities to Trade-for-Trade settlement, significantly restricting trading in affected stocks. UNIVPHOTO is escalated to Stage II with a 2% price band under Periodic Call Auction, directly impacting liquidity and trading conditions.
NSE places Sadbhav Engineering Limited and Silkflex Polymers (India) Limited under ESM Stage I with 100% margin requirement effective March 02, 2026, and shifts them from Rolling Settlement to Trade-for-Trade segment.
Impact
High
Severity
High
Justification
Direct trading restrictions imposed on specific securities including mandatory 100% margin, segment shift from Rolling Settlement to Trade-for-Trade, and price band restrictions, significantly impacting tradability and liquidity for affected stocks.
NSE circular announcing inclusion of Grover Jewells Limited in ESM Stage I and movement of Teerth Gopicon Limited from Stage I to Stage II, effective February 26-27, 2026.
Impact
High
Severity
High
Justification
Directly affects trading conditions for specific securities with mandatory 100% margin requirement and shift to Trade-for-Trade segment, significantly impacting liquidity and trading strategy for affected stocks.
NSE announces inclusion of SANGINITA and WANBURY into ESM Stage I, and HOACFOODS moving to Stage II, effective February 25-26, 2026, with 100% margin requirements and shift to Trade-for-Trade settlement.
Impact
High
Severity
High
Justification
Directly impacts trading conditions for specific securities with mandatory 100% margins and compulsory shift to Trade-for-Trade settlement; routine periodic ESM update but high operational impact on affected stock traders.
NSE circular notifying inclusion of BLB Limited (BLBLIMITED) under ESM Stage I effective February 25, 2026, with 100% margin requirement and shift from Rolling Settlement to Trade-for-Trade segment.
Impact
High
Severity
High
Justification
High impact on directly affected securities due to mandatory 100% margin, segment shift to Trade-for-Trade, and price band restrictions; medium importance as it applies to a limited set of securities under routine surveillance action.
NSE releases the updated list of 300+ securities subject to the Reversal Trade Cancellation Mechanism (RTCM) for March 2026, a surveillance measure to cancel trades that are reversed within a short timeframe.
Impact
Medium
Severity
Medium
Justification
Affects 300+ securities listed on NSE; RTCM is an active surveillance tool that can result in trade cancellations for reversal patterns, directly impacting traders and brokers dealing in these stocks. High importance due to the large number of securities covered; medium impact as it targets a specific trading behaviour rather than broad market restrictions.
NSE announces list of 323 securities subject to Reversal Trade Mechanism (RTCM) effective February 2026.
Impact
Medium
Severity
Medium
Justification
RTCM is a surveillance measure affecting 323 securities with enhanced monitoring and potential trading reversals to manage market risk and protect investors from abnormal price movements.