Measures for Companies with High Promoter and Non-Promoter Encumbrance
NSE circular 487/2026 · 30 Jun 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
Open source pageSummary
Check the official recordWhat changed
The National Stock Exchange of India Limited updates the list of securities subject to encumbrance measures under SEBI (SAST) Regulation 2011. Securities in Annexure I attract a minimum 75 percent margin in Equity and Equity Derivatives segments. This requirement applies to all open positions as of July 2, 2026, and new positions from July 3, 2026. Securities in Annexure II exit the framework on July 1, 2026. Annexure III provides the consolidated list of all affected securities. These measures apply in addition to other existing exchange rules and undergo periodic review. The inclusion of a security in this framework does not represent an adverse action against the company.
What you must do
- 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 from the framework
- 01 Jul 2026
Document text
National Stock Exchange of India Limited
Circular
| Department: SURVEILLANCE | |
|---|---|
| Download Ref No: NSE/SURV/74949 | Date: June 30, 2026 |
| Circular Ref. No: 487/2026 |
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:
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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. July 03, 2026 on all open positions as on July 02, 2026 and new positions created from July 03, 2026.
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The securities as given in Annexure II, are eligible to move out from the said framework effective from July 01, 2026.
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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.
National Stock Exchange of India Limited
In case of any further queries, you may write to us at surveillance@nse.co.in.
For National Stock Exchange of India Limited
Binoy Yohannan Vice President Surveillance
Source details
- Source
- National Stock Exchange of India
- Type
- circular
- Published by source
- 30 Jun 2026
- Document number
- 487/2026
- Issuing division
- SURVEILLANCE
- Effective date
- 03 Jul 2026
- Coverage area
- securities