Measures for Companies with High Promoter and Non-Promoter Encumbrance · NSE/SURV/74949
NSE circular NSE/SURV/74949 · 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 applies a 75 percent margin requirement to specific securities with high promoter and non-promoter encumbrance. This measure applies to the equity and equity derivatives segments. The exchange includes new securities in this framework effective July 3, 2026. It removes other securities from the framework effective July 1, 2026. The margin requirement applies to all open positions as of July 2, 2026. It also applies to new positions created from July 3, 2026. This measure operates alongside other existing exchange surveillance measures. The exchange reviews these securities periodically. Inclusion in this list 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
- NSE/SURV/74949
- Issuing division
- SURVEILLANCE
- Effective date
- 03 Jul 2026
- Coverage area
- securities