BSE slaps 75% margin on new high-encumbrance stocks from June 23
BSE adds securities to its high-encumbrance surveillance framework, requiring a steep 75% margin from June 23, while some stocks exit on June 19.
What changed
- New securities (Annexure I) added to the framework; 75% margin from June 23, 2026.
- Certain securities (Annexure II) exit the framework effective June 19, 2026.
- 75% margin applies to all open and new positions in Annexure I stocks.
The read
BSE is raising the bar for stocks where promoters have pledged a large chunk. It added a fresh set of securities to its high-encumbrance surveillance framework, demanding a minimum 75% margin starting June 23 — far above standard levels. That raises the cost of holding these stocks, especially for leveraged traders, and curbs excessive speculation in companies with elevated pledging risk. At the same time, some stocks exit the framework on June 19. The periodic review, anchored in SEBI's SAST regulations, keeps the list dynamic. For anyone sitting on positions in the newly tagged names, the message is clear: arrange extra margin or unwind before the deadline.
Primary source: official circular (PDF)