Measure for 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

Official record

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What changed

BSE updates the list of securities subject to the encumbrance framework under SEBI (SAST) Regulation 2011. Securities in Annexure I now attract a minimum 75 percent margin in the Equity and Equity Derivatives segments. This requirement applies to all open positions as of August 13, 2026, and all new positions created from August 14, 2026. Securities listed in Annexure II exit the framework effective August 12, 2026. This measure operates alongside other existing exchange surveillance measures and remains subject to periodic review. The inclusion of a security in this framework does not constitute an adverse action against the company.

Who is affected
  • Trading members of the exchange
Required action
  • 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 Aug 2026
  • Reference date for open positions — 12 Aug 2026
  • Effective date for margin requirements — 13 Aug 2026
Thresholds
  • Minimum 75 percent margin requirement for securities in Annexure I.

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Source details

Source
BSE Ltd (Bombay Stock Exchange)
Type
notice
Published by source
10 Aug 2026
Document number
20260811-42
Issuing division
DOSS
Effective date
13 Aug 2026
Coverage area
securities

Document text

Prepared for reading; wording retained from the source.

Verify official record

NOTICE

Notice No.20260811-42
Notice Date11 Aug 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

[Image omitted. See the official document.]

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 14, 2026, on all open positions as on August 13, 2026, and new positions created from August 14, 2026.
  2. The Securities given in Annexure II, are eligible to move out from the said framework effective from August 12, 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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