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NSE10 Aug 2026circularPrepared by Complied AI

Applicability of Short-Term Additional Surveillance Measure

Official title

Applicability of Short-Term Additional Surveillance Measure (ST-ASM)

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Summary

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What changed

The National Stock Exchange of India Limited identifies specific securities for inclusion under the Short-Term Additional Surveillance Measure (ST-ASM) Stage I and Stage II. Members must apply a margin rate of 50 percent or the existing margin, whichever is higher, for Stage I securities. Members must apply a margin rate of 100 percent or the existing margin, whichever is higher, for Stage II securities. These margin requirements apply to all open positions as of August 12, 2026, and to new positions created from August 13, 2026. The maximum margin rate is 100 percent. This surveillance measure operates alongside other existing exchange measures. The inclusion of securities in this framework does not constitute an adverse action against the concerned entity.

Who is affected
  • All NSE members
Required action
  • Apply a 50 percent margin rate or existing margin for ST-ASM Stage I securities.
  • Apply a 100 percent margin rate or existing margin for ST-ASM Stage II securities.
Key dates
  • Effective date for margin requirements — 12 Aug 2026
Thresholds
  • The maximum margin rate is capped at 100 percent.

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Source details

Source
National Stock Exchange of India
Type
circular
Published by source
10 Aug 2026
Document number
NSE/SURV/ 75693
Issuing division
SURVEILLANCE
Effective date
12 Aug 2026
Coverage area
securities

Document text

Prepared for reading; wording retained from the source.

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National Stock Exchange of India Limited

Circular

Department: SURVEILLANCE
Download Ref No: NSE/SURV/ 75693Date: August 11, 2026
Circular Ref. No: 615/2026

To All NSE Members

Sub: Applicability of Short-Term Additional Surveillance Measure (ST-ASM)

This is further to Exchange Circular nos. NSE/SURV/39265, NSE/SURV/46557, NSE/SURV/52144, NSE/SURV/58558 and NSE/SURV/64066 dated October 27, 2018, December 04, 2020, April 28, 2022 September 25, 2023 and September 20, 2024 respectively, in respect of Additional Surveillance Measure (ASM).

Members are hereby requested to note that the securities as per attached Annexure I have satisfied the criteria for inclusion under ST-ASM Stage I. The applicable surveillance actions shall be as per provisions of the Short-Term Additional Surveillance Measure (ST-ASM) which are as under:

➢ Applicable rate of margin shall be 50% or existing margin, whichever is higher, subject to maximum rate of margin capped at 100% w.e.f. August 13, 2026 on all open positions as on August 12, 2026 and new positions created from August 13, 2026.

Securities as per attached Annexure I have satisfied the criteria for inclusion under ST-ASM Stage II. The applicable surveillance actions shall be as per provisions of the Short-Term Additional Surveillance Measure (ST-ASM) which are as under:

⮚ Applicable margin rate shall be 100% or existing margin whichever is higher subject to maximum rate of margin capped at 100%. w.e.f. August 13, 2026 on all open positions as on August 12, 2026 and new positions created from August 13, 2026.

Market participants may note that ASM framework shall be in conjunction with all other prevailing surveillance measures being imposed by the Exchanges from time to time.

Further, it may also be noted that the shortlisting of securities under ASM is purely on account of market surveillance, and it should not be construed as an adverse action against the concerned company / entity.

For more information on Additional Surveillance Measure please refer to our Frequently Asked Questions (FAQs) - https://www.nseindia.com/regulations/additional-surveillance-measure

In case of any further queries, you may write to us at surveillance@nse.co.in.

For National Stock Exchange of India Limited

Amit Shinde Chief Manager Surveillance

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