Laws and sections by number or title, due dates, pages, and updates.
The National Stock Exchange of India Limited updates the list of securities subject to high encumbrance measures. Securities in Annexure I attract a minimum 75 percent margin in the Equity and Equity Derivatives segments. This requirement applies to all open positions as of September 28, 2026, and all new positions created from September 29, 2026. Securities in Annexure II exit the framework effective September 25, 2026. This measure operates alongside other existing exchange measures and undergoes periodic review. The inclusion of a security in this framework does not represent an adverse action against the company.
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| Department: SURVEILLANCE | |
|---|---|
| Download Ref No: NSE/SURV/76531 | Date: September 24, 2026 |
| Circular Ref. No: 738/2026 | |
To All NSE Members
Sub: Measure in respect of companies with high Promoter as well as non- Promoter ‘Encumbrance’ as per Reg. 28(3) of SEBI (SAST) Regulation 2011.
This is in continuation to Exchange circular no NSE/SURV/51189 dated January 31, 2022 on the captioned subject.
Trading Members are hereby requested to take note of the following:
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 further queries, you may write to us at surveillance@nse.co.in.
Non-Confidential
Continuation Sheet
For National Stock Exchange of India Limited
Sareesh Koroth
Associate Vice President
Surveillance
Non-Confidential
