NSE has announced the list of securities shortlisted under the Short-Term Additional Surveillance Measure (ST-ASM) Framework Stage I, effective April 10, 2026. This circular identifies 59+ securities that have been placed under enhanced surveillance due to unusual price/volume movements or other market-related concerns. Securities under ST-ASM are subject to additional margin requirements and trading restrictions.

Key Points

• 59+ securities have been shortlisted under ST-ASM Framework Stage I effective April 10, 2026
• Securities span multiple sectors including pharmaceuticals, technology, infrastructure, energy, and financial services
• Notable inclusions: EASEMYTRIP (Easy Trip Planners), HTMEDIA (HT Media), EMUDHRA, DREAMFOLKS, JTLIND (JTL Industries), KESORAMIND (Kesoram Industries)
• Securities are identified by Symbol, Security Name, and ISIN in the annexure
• ST-ASM Stage I typically involves enhanced surveillance with additional margin requirements

Regulatory Changes

The following securities are being moved into ST-ASM Stage I framework:

• Aaron Industries Limited (AARON) - INE721Z01010
• Aartech Solonics Limited (AARTECH) - INE01C001026
• Accretion Pharmaceuticals Limited (ACCPL) - INE0T8T01010
• Artemis Electricals and Projects Limited (AEPL) - INE757T01025
• Aeron Composite Limited (AERON) - INE0WL801011
• Affordable Robotic & Automation Limited (AFFORDABLE) - INE692Z01013
• Agro Phos India Limited (AGROPHOS) - INE740V01019
• AKI India Limited (AKI) - INE642Z01026
• Alankit Limited (ALANKIT) - INE914E01040
• Alkali Metals Limited (ALKALI) - INE773I01017
• Amir Chand Jagdish Kumar (Exports) Limited (AMIRCHAND) - INE05TO01019
• Anik Industries Limited (ANIKINDS) - INE087B01017
• Anmol India Limited (ANMOL) - INE02AR01019
• Australian Premium Solar (India) Limited (APS) - INE0P0001010
• ARC Insulation & Insulators Limited (ARCIIL) - INE0YDV01010
• Art Nirman Limited (ARTNIRMAN) - INE738V01013
• Allcargo Terminals Limited (ATL) - INE0NN701020
• Auro Impex & Chemicals Limited (AUROIMPEX) - INE0NUL01018
• Shree Tirupati Balajee Agro Trading Company Limited (BALAJEE) - INE0S2G01011
• Bhadora Industries Limited (BHADORA) - INE0ZRC01017
• Bhagiradha Chemicals & Industries Limited (BHAGCHEM) - INE414D01027
• Consolidated Construction Consortium Limited (CCCL) - INE429I01024
• Classic Electrodes (India) Limited (CLASSICEIL) - INE0UQ601012
• DELPHI WORLD MONEY LIMITED (DELPHIFX) - INE726L01027
• Delta Autocorp Limited (DELTIC) - INE0XRN01019
• Digicontent Limited (DGCONTENT) - INE03JI01017
• Dreamfolks Services Limited (DREAMFOLKS) - INE0JS101016
• Drone Destination Limited (DRONE) - INE0P7201019
• Ducol Organics And Colours Limited (DUCOL) - INE0LZO01015
• Dynamic Services & Security Limited (DYNAMIC) - INE0DZ701010
• Easy Trip Planners Limited (EASEMYTRIP) - INE07O001026
• Eppeltone Engineers Limited (EEPL) - INE11HF01010
• eMudhra Limited (EMUDHRA) - INE01QM01018
• EPack Prefab Technologies Limited (EPACKPEB) - INE0MLS01022
• Excelsoft Technologies Limited (EXCELSOFT) - INE606N01019
• FCS Software Solutions Limited (FCSSOFT) - INE512B01022
• Genus Paper & Boards Limited (GENUSPAPER) - INE949P01018
• Global Vectra Helicorp Limited (GLOBALVECT) - INE792H01019
• GP Eco Solutions India Limited (GPECO) - INE0S7E01015
• GTL Limited (GTL) - INE043A01012
• Gurunanak Agriculture India Limited (GURUNANAK) - INE1CCX01012
• HEC Infra Projects Limited (HECPROJECT) - INE558R01013
• Hi-Green Carbon Limited (HIGREEN) - INE0PIC01017
• Hindcon Chemicals Limited (HINDCON) - INE642Y01029
• HLV LIMITED (HLVLTD) - INE102A01024
• HT Media Limited (HTMEDIA) - INE501G01024
• Indian Emulsifiers Limited (IEML) - INE0RRU01016
• Inventure Growth & Securities Limited (INVENTURE) - INE878H01024
• Jayesh Logistics Limited (JAYESH) - INE1AE401014
• JHS Svendgaard Laboratories Limited (JHS) - INE544H01014
• JTL INDUSTRIES LIMITED (JTLIND) - INE391J01032
• K2 Infragen Limited (K2INFRA) - INE0DEZ01013
• Kamdhenu Ventures Limited (KAMOPAINTS) - INE0BTI01037
• Kay Cee Energy & Infra Limited (KCEIL) - INE0RCG01017
• Kesoram Industries Limited (KESORAMIND) - INE087A01019
• Kontor Space Limited (KONTOR) - INE0KZ301010
• Kopran Limited (KOPRAN) - INE082A01010
• Lloyds Enterprises Limited (LLOYDSENT) - INE080I01025
• Sri Lotus Developers and Realty Limited (LOTUSDEV) - INE0V9Q01…

Compliance Requirements

• Trading members must apply additional margin requirements for all securities listed under ST-ASM Stage I
• Clients/investors holding or trading these securities must be aware of enhanced surveillance status
• Brokers must inform clients about the ST-ASM applicability and associated trading conditions
• All trades in these securities on and after April 10, 2026 will be subject to ST-ASM Stage I conditions

Important Dates

• Effective Date: April 10, 2026 — ST-ASM Stage I applicability begins for all listed securities
• Circular Date: April 9, 2026

Impact Assessment

This circular has a high market impact as it places 59+ securities under the ST-ASM framework, which typically results in:

• Increased margin requirements for traders and investors in these securities
• Reduced liquidity as higher margins discourage speculative trading
• Potential price corrections as leveraged positions may be unwound
• Investor awareness about unusual price/volume activity in these securities

The list includes a mix of small-cap and mid-cap companies across diverse sectors. Notably, some well-known names like EASEMYTRIP, HTMEDIA, EMUDHRA, DREAMFOLKS, and KESORAMIND are included, which may attract market attention. Securities placed under ST-ASM are subject to periodic review, and may be moved to higher stages or removed based on subsequent price/volume behavior.