SEBI and stock exchanges placed seven companies—including Adani Energy Solutions and Shaily Engineering Plastics—into the ST-ASM Stage I framework.
Inclusions occurred on April 27 (Delta Corp, Shaily Engineering, Electrotherm, Vidya Wires, Fujiyama) and April 28 (Adani Energy, IRM Energy).
ST-ASM monitors stocks with abnormal price moves, high volume, client concentration, and short‑term volatility over 5‑15 trading days.
Removal possible after 5‑15 days if criteria no longer met, with stage‑wise review.