Surveillance Measures for Companies with High Encumbrance · NSE/SURV/76710
NSE circular NSE/SURV/76710 · 05 Oct 2026
Official title
Applicability of Surveillance Measure in respect of companies with high 'Encumbrance' as per Reg. 28(3) of SEBI (SAST) Regulation 2011
Official record
Open source pageSummary
Check the official recordWhat changed
The National Stock Exchange updates the list of securities subject to surveillance measures for high encumbrance under SEBI regulations. Securities in Annexure I attract a minimum 35 percent margin in equity and equity derivatives segments. This requirement applies to open positions as of October 7, 2026, and new positions from October 8, 2026. Securities in Annexure II exit the framework on October 6, 2026. This measure operates alongside other existing surveillance actions. The exchange performs periodic reviews of these securities. Companies may submit representations regarding their inclusion in the framework to the exchange by 5:00 PM on October 6, 2026. This action results from market surveillance and does not constitute an adverse action against the company.
What you must do
- Apply a minimum 35 percent margin on specified securities in equity and equity derivatives segments
- Submit company representations regarding framework inclusion by 5:00 PM on October 6, 2026
Document text
National Stock Exchange of India Limited
Circular
| Department: SURVEILLANCE | |
|---|---|
| Download Ref No: NSE/SURV/76710 | Date: October 05, 2026 |
| Circular Ref. No: 762/2026 |
To All NSE Members
Sub: Applicability of Surveillance Measure in respect of companies with high ‘Encumbrance’ as per Reg. 28(3) of SEBI (SAST) Regulation 2011
This is in continuation to Exchange Circular no(s). NSE / SURV / 42507 dated October 24, 2019 and NSE / SURV / 44169 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. October 08, 2026, on all open positions as on October 07, 2026 and new positions created from October 08, 2026.
- The Securities as given in Annexure II, are eligible to move out from the said framework effective from October 06, 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 October 06, 2026 for its consideration.
In case of any further queries, you may write to us at surveillance@nse.co.in.
National Stock Exchange of India Limited
For National Stock Exchange of India Limited
Sareesh Koroth
Associate Vice President
Surveillance
Source details
- Source
- National Stock Exchange of India
- Type
- circular
- Published by source
- 05 Oct 2026
- Document number
- NSE/SURV/76710
- Issuing division
- SURVEILLANCE
- Effective date
- 08 Oct 2026
- Coverage area
- securities