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 notice no. 20220131-43 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. April 18, 2023, on all open positions as on April 05, 2023 and new positions created from April 17, 2023.
2. The Securities as given in Annexure II, are eligible to move out from the said framework effective from April 13, 2023.
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.
In case of any further queries, members are requested to contact on 022-2272 8437/5091/5093.
For & On behalf of BSE Ltd.
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Ashok Kumar Singh
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Yogendra Daxini
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Deputy General Manager
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Deputy General Manager
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April 12, 2023
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