MVKAGRO - Stock Market Circularshttps://rhnvrm.github.io/stock-market-circulars/tags/mvkagro/Regulatory circulars from NSE, BSE, and SEBI with AI-powered summariesHugo -- gohugo.ioen-usMon, 06 Apr 2026 00:00:00 +0000Applicability of Additional Surveillance Measure (ASM) - Long Term Frameworkhttps://rhnvrm.github.io/stock-market-circulars/circulars/nse/2026/nse-2026-04-06-156f4021bb8aecd5-applicability-of-additional-surveillance-measure-asm/Mon, 06 Apr 2026 00:00:00 +0530https://rhnvrm.github.io/stock-market-circulars/circulars/nse/2026/nse-2026-04-06-156f4021bb8aecd5-applicability-of-additional-surveillance-measure-asm/NSE adds CONFIPET and MVKAGRO to Long-Term ASM Stage-I framework effective April 07, 2026, with 100% margin requirement applicable from April 09, 2026.nsetradinghighhighhigh156f4021bb8aecd5https://nsearchives.nseindia.com/content/circulars/SURV73627.zipCONFIPETMVKAGROasmsurveillancelong-term-asmmargin-requirementtrade-for-tradeCONFIPETMVKAGROSummary

NSE has shortlisted two securities — CONFIPET (Confidence Petroleum India Limited) and MVKAGRO (M.V.K. Agro Food Product Limited) — under the Long-Term Additional Surveillance Measure (LT-ASM) Stage-I framework effective April 07, 2026. A 100% margin requirement will apply from April 09, 2026 on all open positions as on April 08, 2026 and new positions created thereafter.

Key Points

  • CONFIPET and MVKAGRO added to Long-Term ASM Stage-I w.e.f. April 07, 2026
  • CONFIPET is being moved from Short-Term ASM (STASM) to Long-Term ASM (LTASM) framework
  • 100% margin applicable from April 09, 2026 on all open and new positions
  • Securities qualifying under Criteria VII (Stage IV) would be shifted from Rolling Settlement (Series: EQ) to Trade-for-Trade (Series: BE) on T+3 basis — no securities moved to Stage IV in this circular
  • No securities moved between stages (Stage I→II, II→III, or I→IV) in this circular
  • ASM framework operates in conjunction with all other prevailing surveillance measures

Regulatory Changes

This circular is issued under the Long-Term ASM framework established via earlier circulars: NSE/SURV/39265, NSE/SURV/45111, NSE/SURV/46557, NSE/SURV/48506, NSE/SURV/52090, NSE/SURV/63362, and NSE/SURV/64066. The shortlisting is based on market surveillance criteria and is not an adverse action against the concerned companies.

Compliance Requirements

  • NSE members must ensure 100% margin is collected on positions in CONFIPET and MVKAGRO from April 09, 2026
  • Members must apply margin requirements on all open positions as of April 08, 2026 close
  • Members must apply margin requirements on all new positions created from April 09, 2026 onwards
  • For queries, members may contact surveillance@nse.co.in

Important Dates

  • April 07, 2026: Inclusion of CONFIPET and MVKAGRO in Long-Term ASM Stage-I takes effect
  • April 08, 2026: Reference date for open positions subject to 100% margin
  • April 09, 2026: 100% margin requirement becomes applicable

Impact Assessment

Traders and investors holding or planning to trade CONFIPET and MVKAGRO will face significantly increased margin requirements (100%), limiting leveraged positions. CONFIPET’s transition from ST-ASM to LT-ASM signals continued regulatory concern about its trading patterns. The absence of any Stage IV designations means no securities are being shifted to Trade-for-Trade settlement in this circular. Market participants should review their exposure to these securities ahead of April 09, 2026.

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