Measures for Companies with High Promoter and Non-Promoter Encumbrance · 20260910-48
BSE notice 20260910-48 · 10 Sept 2026
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.
Official record
Open source pageSummary
Check the official recordWhat changed
BSE applies a 75 percent margin requirement on securities with high promoter and non-promoter encumbrance. This measure applies to the Equity and Equity Derivatives segments. Securities listed in Annexure I attract this margin from September 16, 2026. This requirement applies to all open positions as of September 15, 2026, and all new positions created from September 16, 2026. Securities listed in Annexure II exit the framework on September 11, 2026. This measure operates alongside other existing exchange surveillance measures. The exchange conducts periodic reviews of these securities. Inclusion in this list does not represent an adverse action against the company.
What you must do
- Apply a minimum 75 percent margin on securities listed in Annexure I for Equity and Equity Derivatives segments.
Key dates
- Exit date for securities in Annexure II
- 11 Sept 2026
Document text
NOTICE
| Notice No. | 20260910-48 |
|---|---|
| Notice Date | 10 Sep 2026 |
| Category | Trading |
| Segment | Equity |
| Department | DOSS |
| Subject | Measure in respect of companies with high Promoter as well as non-Promoter ‘Encumbrance’ as per Reg. 28(3) of SEBI (SAST) Regulation 2011. |
| Attachments | Annexure_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:
- 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. September 16, 2026, on all open positions as on September 15, 2026, and new positions created from September 16, 2026.
- The Securities given in Annexure II, are eligible to move out from the said framework effective from September 11, 2026.
- 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
Source details
- Source
- BSE Ltd (Bombay Stock Exchange)
- Type
- notice
- Published by source
- 10 Sept 2026
- Document number
- 20260910-48
- Issuing division
- Surveillance
- Effective date
- 16 Sept 2026
- Coverage area
- securities