Revised List of Specified Stockbrokers for the Framework on Technical Glitches
BSE notice 20260525-35 · 26 May 2026
Official record
Open source pageSummary
Check the official recordBSE notice 20260525-35 · 26 May 2026
Official record
Open source pageSummary
Check the official recordBSE updates the list of Specified Stockbrokers subject to the framework for technical glitches in electronic trading systems. The exchange identifies five new members as Specified Stockbrokers based on client count criteria. These new members must comply with enhanced obligations and responsibilities within two months. The exchange also removes four members from the list as they no longer meet the classification criteria. Excluded members may continue to follow the enhanced obligations on a voluntary basis. All members must refer to Annexure-A for the complete revised list of Specified Stockbrokers.
What you must do
Key dates
Who is affected
Thresholds
Exceptions
NOTICE
Notice No. 20260525-35
Notice Date 25 May 2026
Category Compliance
Segment General
Department DOSS
Subject Revised List of Specified stockbrokers for the Framework on Technical Glitches
Attachments AnnexureA
To All Members,
This is with reference to SEBI circular ref.no SEBI/HO/ 38/44/12(1)2026-MIRSD-TPD1 dated January 09, 2026 and Exchange notice no. 20260109-70 dated January 09, 2026, on ‘Review of framework to address Technical Glitch in Stock Brokers Electronic Trading Systems’ wherein the Stock Exchanges were directed by SEBI to identify the ‘Specified stock brokers’.
In accordance with guidelines provided in above mentioned SEBI circular & BSE notice, the top 20 stock brokers with the highest number of IBT/STWT clients and having more than 10,000 registered clients (excluding closed accounts) as on March 31 of the previous financial year will be treated as ‘Specified Stock Brokers’.
Based on the revised criteria/framework provided in above mentioned circulars, following new members have been identified and included in the list of ‘Specified stockbrokers’.
List of Newly added Specified stockbrokers (Table-1):
| Sr. No. | Name of the Trading Members |
|---|---|
| 1 | ASHIKA STOCK SERVICES LIMITED |
| 2 | MARKETWOLF SECURITIES PVT LTD |
| 3 | MONEYWISE FINVEST LIMITED |
| 4 | PHONEPE WEALTH BROKING PRIVATE LIMITED |
| 5 | SHARE INDIA SECURITIES LIMITED |
The above mentioned new ‘Specified stockbrokers’ are required to comply with the enhance obligations and responsibilities mentioned in above mentioned circular within in two months from the date of this circular i.e. July 25, 2026.
Further, in accordance with revised framework, following members mentioned in Table-2 are not meeting the criteria for classification as ‘Specified stockbrokers’ and are therefore excluded from the list.
List of Excluded Specified stockbroker (Table-2):
| Sr. No. | Name of the Trading Members |
|---|---|
| 1 | INDIABULLS SECURITIES LIMITED |
| 2 | PROFITMART SECURITIES PVT. LTD. |
| 3 | VENTURA SECURITIES LTD. |
| 4 | ZEBU SHARE AND WEALTH MANAGEMENTS PVT. LTD. |
However, above mentioned excluded members (Table-2) may continue to adhere to the enhanced obligations and responsibilities on voluntary basis.
The revised list of Specified Members, after incorporating the additions and exclusions, is provided in Annexure-A. These members shall comply with the enhanced obligations and responsibilities outlined in the aforementioned circulars.
Members are required to take note of the same.
For and on behalf of BSE Ltd
Richa Gosh Deputy Vice President Member Oversight
Dhananjay Mudgal Asst. Vice President Member Oversight