Measure in respect of companies with high Promoter and non-Promoter Encumbrance

Official title

Measure in respect of companies with high Promoter as well as non- Promoter ‘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 the framework for high promoter and non-promoter encumbrance under SEBI (SAST) Regulations. Securities listed in Annexure I are now subject to a minimum 75% margin requirement in the Equity and Equity Derivatives segments, applicable to all open positions as of August 4, 2026, and any new positions created from August 5, 2026. Conversely, securities in Annexure II are removed from this framework effective August 3, 2026. This measure operates alongside other existing exchange surveillance measures and is subject to periodic review. The inclusion of securities in this framework does not constitute an adverse action against the affected entities.

Who is affected
  • Trading Members
Required action
  • Apply a minimum 75% margin in Equity and Equity Derivatives segments for securities listed in Annexure I.
Key dates
  • Effective date for removal of securities in Annexure II — 02 Aug 2026
  • Cut-off date for open positions subject to margin requirements — 03 Aug 2026
  • Effective date for margin requirements on Annexure I securities — 04 Aug 2026
Thresholds
  • Minimum 75% margin requirement for securities in Annexure I.

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Source details

Source
BSE Ltd (Bombay Stock Exchange)
Type
notice
Published by source
30 Jul 2026
Document number
20260731-36
Issuing division
DOSS
Effective date
04 Aug 2026
Coverage area
securities

Document text

Prepared for reading; wording retained from the source.

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NOTICE

Notice No.20260731-36
Notice Date31 Jul 2026
CategoryTrading
SegmentEquity
DepartmentDOSS
SubjectMeasure in respect of companies with high Promoter as well as non- Promoter ‘Encumbrance’ as per Reg. 28(3) of SEBI (SAST) Regulation 2011.
AttachmentsAnnexure_Encumbrance

This is in continuation to Exchange notice no. 20220131-43 dated January 31, 2022, on the captioned subject.

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

  1. The securities given in Annexure I, have satisfied the criteria for inclusion under the aforesaid Measure and shall attract minimum 75 % margin in Equity and Equity Derivatives segment w.e.f. August 05, 2026, on all open positions as on August 04, 2026, and new positions created from August 05, 2026.
  2. The Securities given in Annexure II, are eligible to move out from the said framework effective from August 03, 2026.
  3. A consolidated list of securities under the framework is given in Annexure III.

Market participants may note that this measure shall be in conjunction with all other prevailing 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 measure should not be construed as an adverse action against the concerned company/entity.

In case of any clarifications, members may write to us at bse.surv@bseindia.com.

For & On behalf of BSE Ltd.

Sanjay Jain Deputy Vice President Surveillance

Arpita Joshi Manager Surveillance

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