IBLFL - Stock Market Circularshttps://rhnvrm.github.io/stock-market-circulars/stocks/iblfl/Regulatory circulars from NSE, BSE, and SEBI with AI-powered summariesHugo -- gohugo.ioen-usTue, 05 May 2026 00:00:00 +0000Applicability of Additional Surveillance Measure (ASM) - Long Term ASM Stage Ihttps://rhnvrm.github.io/stock-market-circulars/circulars/nse/2026/nse-2026-05-05-41c5d9236c77392e-applicability-of-additional-surveillance-measure-asm/Tue, 05 May 2026 00:00:00 +0530https://rhnvrm.github.io/stock-market-circulars/circulars/nse/2026/nse-2026-05-05-41c5d9236c77392e-applicability-of-additional-surveillance-measure-asm/NSE places 6 securities under Long-Term Additional Surveillance Measure (LTASM) Stage I effective May 06, 2026, with 100% margin requirement from May 08, 2026.nsetradinghighhighhigh41c5d9236c77392ehttps://nsearchives.nseindia.com/content/circulars/SURV74053.zipIBLFLIBULLSLTDIRMENERGYORIENTBELLREGENCERAMVIDYAWIRESasmsurveillancelong-term-asmmarginltasmstage-iIBLFLIBULLSLTDIRMENERGYORIENTBELLREGENCERAMVIDYAWIRESSummary

NSE has placed 6 securities under the Long-Term Additional Surveillance Measure (LTASM) Stage I framework effective May 06, 2026. A 100% margin requirement will apply from May 08, 2026 on all open positions as of May 07, 2026 and all new positions created thereafter. No securities have been moved to Stage IV, Stage II, or Stage III in this circular.

Key Points

  • 6 securities shortlisted for Long-Term ASM (LTASM) Stage I effective May 06, 2026
  • 100% margin applicable from May 08, 2026 on open and new positions
  • No securities shifted to Stage IV (Trade-for-Trade segment) in this circular
  • IBULLSLTD, IRMENERGY, and VIDYAWIRES moved from Short-Term ASM (STASM) to LTASM framework
  • REGENCERAM satisfies criteria at BSE
  • ASM shortlisting is a surveillance action and not an adverse action against the company

Regulatory Changes

The securities listed below are included under the Long-Term ASM framework as per criteria referenced in prior circulars NSE/SURV/39265, NSE/SURV/45111, NSE/SURV/46557, NSE/SURV/48506, NSE/SURV/52090, NSE/SURV/63362, and NSE/SURV/64066.

Securities added to LTASM Stage I (effective May 06, 2026):

Sr. No. Symbol Security Name ISIN
1 IBLFL IBL Finance Limited INE0O7401018
2 IBULLSLTD Indiabulls Limited* INE126M01010
3 IRMENERGY IRM Energy Limited* INE07U701015
4 ORIENTBELL Orient Bell Limited INE607D01018
5 REGENCERAM Regency Ceramics Limited# INE277C01012
6 VIDYAWIRES Vidya Wires Limited* INE14UN01029

* Moved from STASM to LTASM framework
# Satisfies criteria at BSE

Compliance Requirements

  • Members must collect 100% margin on all open positions in the above securities as of May 07, 2026, effective May 08, 2026
  • Members must collect 100% margin on all new positions created in these securities from May 08, 2026 onwards
  • ASM framework applies in conjunction with all other prevailing surveillance measures imposed by the exchanges

Important Dates

  • May 06, 2026: Securities shortlisted under LTASM Stage I become effective
  • May 07, 2026: Reference date for open positions subject to 100% margin
  • May 08, 2026: 100% margin requirement becomes applicable on open and new positions

Impact Assessment

Traders and investors holding positions in IBLFL, IBULLSLTD, IRMENERGY, ORIENTBELL, REGENCERAM, and VIDYAWIRES will face significantly higher margin requirements (100%) from May 08, 2026. This may trigger margin calls for existing position holders and reduce leverage available for new positions, potentially leading to increased selling pressure or reduced liquidity in these securities. The three securities moved from STASM (IBULLSLTD, IRMENERGY, VIDYAWIRES) face an escalation in surveillance intensity. No securities were shifted to the Trade-for-Trade (BE series) segment in this circular.

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