Measures for Companies with High Promoter and Non-Promoter Encumbrance · 819/2026
NSE circular 819/2026 · 23 Oct 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 updates the list of securities subject to high encumbrance measures under SEBI (SAST) Regulation 2011. 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 October 27, 2026, and new positions from October 28, 2026. Securities in Annexure II exit the framework on October 26, 2026. This measure operates alongside other existing exchange surveillance actions and undergoes periodic review. The inclusion of a security 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
- Exit date for securities in Annexure II
- 26 Oct 2026
Document text
National Stock Exchange of India Limited
Circular
| Department: SURVEILLANCE | |
|---|---|
| Download Ref No: NSE/SURV/77095 | Date: October 23, 2026 |
| Circular Ref. No: 819/2026 |
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:
-
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. October 28, 2026, on all open positions as on October 27, 2026, and new positions created from October 28, 2026.
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The securities as given in Annexure II, are eligible to move out from the said framework effective from October 26, 2026.
-
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.
Continuation Sheet
National Stock Exchange of India Limited
In case of any further queries, you may write to us at surveillance@nse.co.in.
For and on behalf of
National Stock Exchange of India Limited
Sareesh Koroth
Associate Vice President
Surveillance
Source details
- Source
- National Stock Exchange of India
- Type
- circular
- Published by source
- 23 Oct 2026
- Document number
- 819/2026
- Issuing division
- SURVEILLANCE
- Effective date
- 28 Oct 2026
- Coverage area
- securities