The Bombay Stock Exchange (BSE) on January 02, 2024, issued a notification regarding the applicability of surveillance measures in respect of companies with high ‘Encumbrance’ as per Reg. 28(3) of SEBI (SAST) Regulation 2011.
The following has been stated: -
•This is in continuation to Exchange notice no. 20191024-30 dated October 24, 2019, and 20200417-31 dated April 17, 2020, 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 Surveillance Measure and shall attract a minimum 35 % margin in Equity and Equity Derivatives segment w.e.f. January 05, 2024, on all open positions as of January 04, 2024, and new positions created from January 05, 2024.
2. The Securities as given in Annexure II, are eligible to move out from the said framework effective from January 03, 2024.
3. A consolidated list of securities under the framework is given in Annexure III.
•Any Company representation w.r.t being placed in the aforementioned framework should be received by Exchange by 5.00 PM on January 03, 2024, for its consideration.
The detailed notification is given in the document attached below.
[Notice No. 20240102-30]
