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NSE13 Aug 2026circularPrepared by Complied AI

Measure in respect of companies with high Promoter as well as non-Promoter Encumbrance

NSE circular NSE/SURV/75764 · 13 Aug 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

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Summary

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What changed

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 August 18, 2026, and all new positions created from August 19, 2026. Securities in Annexure II move out of this framework effective August 17, 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.

Who is affected
  • Trading Members of the National Stock Exchange of India Limited
Required action
  • Apply a minimum 75 percent margin on securities listed in Annexure I for Equity and Equity Derivatives segments.
Key dates
  • Effective date for removal of securities in Annexure II — 16 Aug 2026
  • Effective date for margin requirements — 18 Aug 2026
Thresholds
  • Minimum 75 percent margin requirement for securities in Annexure I.

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Source details

Source
National Stock Exchange of India
Type
circular
Published by source
13 Aug 2026
Document number
NSE/SURV/75764
Issuing division
SURVEILLANCE
Effective date
18 Aug 2026
Coverage area
securities

Document text

Prepared for reading; wording retained from the source.

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National Stock Exchange of India Limited

Circular

Department: SURVEILLANCE
Download Ref No: NSE/SURV/75764Date: August 14, 2026
Circular Ref. No: 627/2026

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:

  1. The securities as 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 19, 2026 on all open positions as on August 18, 2026 and new positions created from August 19, 2026.

  2. The securities as given in Annexure II, are eligible to move out from the said framework effective from August 17, 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 further queries, you may write to us at surveillance@nse.co.in.

For National Stock Exchange of India Limited

Amit Shinde Chief Manager Surveillance

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