Measures for Companies with High Promoter and Non-Promoter Encumbrance
NSE circular 579/2026 · 31 Jul 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 has updated the list of securities subject to surveillance measures due to high promoter and non-promoter encumbrance under SEBI (SAST) Regulations. Securities listed in Annexure I will attract a minimum 75% margin requirement in the Equity and Equity Derivatives segments. This requirement applies to all open positions as of August 4, 2026, and all new positions created from August 5, 2026. Additionally, securities specified in Annexure II are removed from this framework effective August 3, 2026. These measures operate alongside other existing exchange regulations and are subject to periodic review. The inclusion of securities in this framework does not constitute an adverse action against the affected entities.
What you must do
- Apply a minimum 75% margin in Equity and Equity Derivatives segments for securities listed in Annexure I.
Key dates
- Effective date for removal of securities from the framework
Document text
National Stock Exchange of India Limited
Circular
| Department: SURVEILLANCE | |
|---|---|
| Download Ref No: NSE/SURV/75522 | Date: July 31, 2026 |
| Circular Ref. No: 579/2026 |
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. August 05, 2026 on all open positions as on August 04, 2026 and new positions created from August 05, 2026.
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The securities as given in Annexure II, are eligible to move out from the said framework effective from August 03, 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
Amit Shinde Chief Manager Surveillance
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Source details
- Source
- National Stock Exchange of India
- Type
- circular
- Published by source
- 31 Jul 2026
- Document number
- 579/2026
- Issuing division
- SURVEILLANCE
- Effective date
- 05 Aug 2026
- Coverage area
- securities