BSE03 Aug 2026noticePrepared by Complied AI

Applicability of Surveillance Measure for Companies with High Promoter Encumbrance

Official title

Applicability of Surveillance Measure in respect of companies with high ‘Encumbrance’ as per Reg. 28(3) of SEBI (SAST) Regulation 2011

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What changed

BSE has updated the list of securities subject to surveillance measures due to high promoter encumbrance under Regulation 28(3) of SEBI (SAST) Regulations, 2011. Securities listed in Annexure I are now subject to a minimum 35% margin requirement in the Equity and Equity Derivatives segments, effective August 7, 2026. This applies to all open positions as of August 6, 2026, and all new positions thereafter. Conversely, securities in Annexure II are removed from this framework effective August 5, 2026. Market participants are advised that this measure operates alongside existing surveillance protocols and is subject to periodic review. Companies wishing to contest their inclusion must submit representations to the Exchange by 5:00 PM on August 5, 2026.

Who is affected: Trading members and market participants dealing in securities identified in the annexures.
Required action: Apply a minimum 35% margin on securities listed in Annexure I for Equity and Equity Derivatives segments.
Submit any company representations regarding inclusion in the framework to the Exchange by 5:00 PM on August 5, 2026.
Key dates: Effective date for removal of securities from the framework — 04 Aug 2026
Deadline for company representations — 04 Aug 2026
Cut-off date for open positions subject to new margin requirements — 05 Aug 2026
Effective date for margin requirements — 06 Aug 2026
Thresholds: Minimum 35% margin requirement for securities in Annexure I.

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Source details

Source: BSE Ltd (Bombay Stock Exchange)
Type: notice
Published by source: 03 Aug 2026
Document number: 20260804-39
Issuing division: DOSS
Effective date: 06 Aug 2026
Coverage area: securities

Document text

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NOTICE

Notice No.	20260804-39
Notice Date	04 Aug 2026
Category	Trading
Segment	Equity
Department	DOSS
Subject	Applicability of Surveillance Measure in respect of companies with high ‘Encumbrance’ as per Reg. 28(3) of SEBI (SAST) Regulation 2011
Attachments	Annexure_High_Promoter_Pledge

Content

This is in continuation to Exchange notice no. 20191024-30 dated October 24, 2019 and 20200417-31 dated April 17, 2020, on the captioned subject.

Trading Members are hereby requested to take note of the following:

The securities as given in Annexure I, have satisfied the criteria for inclusion under the aforesaid Surveillance Measure and shall attract minimum 35 % margin in Equity and Equity Derivatives segment w.e.f. August 07, 2026 on all open positions as on August 06, 2026 and new positions created from August 07, 2026.
The Securities as given in Annexure II, are eligible to move out from the said framework effective from August 05, 2026, 2026.
A consolidated list of securities under the framework is given in Annexure III.

Market participants may note that this surveillance measure shall be in conjunction with all other prevailing surveillance measures being imposed by the Exchanges from time to time and shall be subjected to a periodic review.

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

Any Company representation w.r.t being placed in the aforementioned framework should be received by Exchange latest by 5.00 PM on August 05, 2026, for its consideration.

In case of any clarifications, members are requested to refer the below links or write to us at bse.surv@bseindia.com.

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20191024-30

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200417-31

For & On behalf of BSE Ltd.

Sanjay Jain Deputy Vice President Surveillance

Arpita Joshi Manager Surveillance

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