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NSE30 Jul 2026circularPrepared by Complied AI

Measures for Companies with High Promoter and Non-Promoter Encumbrance

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

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What 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.

Who is affected
  • Trading Members of the National Stock Exchange
Required action
  • 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 — 02 Aug 2026
  • Effective date for margin requirements — 04 Aug 2026
Thresholds
  • Minimum 75% margin requirement for securities identified in Annexure I.

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Source details

Source
National Stock Exchange of India
Type
circular
Published by source
30 Jul 2026
Document number
579/2026
Issuing division
SURVEILLANCE
Effective date
04 Aug 2026
Coverage area
securities

Document text

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National Stock Exchange of India Limited

Circular

Department: SURVEILLANCE
Download Ref No: NSE/SURV/75522Date: 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:

  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 05, 2026 on all open positions as on August 04, 2026 and new positions created from August 05, 2026.

  2. The securities as given in Annexure II, are eligible to move out from the said framework effective from August 03, 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.

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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