Description

Revised market wide position limits for stock brokers, FPIs, and mutual funds for Adani Enterprises Ltd derivatives contracts effective November 17, 2025.

Summary

ICCL has revised the Market Wide Position Limits (MWPL) for Adani Enterprises Ltd (Scrip Code: 512599) in the equity derivatives segment. This revision updates the maximum positions that Stock Brokers, Foreign Portfolio Investors (Categories I & II), and Mutual Funds can hold in stock derivatives contracts for this scrip. The new limits will be effective from November 17, 2025.

Key Points

  • Market wide limit set at 3,09,42,207 shares for Adani Enterprises Ltd
  • Client/NRI/Scheme of Mutual Fund limit: 30,94,017 shares
  • TM Proprietary limit: 61,88,343 shares
  • TM (Proprietary+Client)/FPI(Cat I)/MF limit: 92,82,360 shares
  • Circular issued in pursuance to notice No. 20250919-27 dated September 19, 2025
  • Partial modification of circular no. 20231229-46 dated December 29, 2023

Regulatory Changes

This circular modifies the existing position limit framework for Adani Enterprises Ltd derivatives. The limits are categorized by participant type:

  1. Client/NRI/Scheme of Mutual Fund: Maximum 30,94,017 shares
  2. Trading Member (TM) Proprietary: Maximum 61,88,343 shares
  3. TM Combined/FPI Category I/Mutual Funds: Maximum 92,82,360 shares
  4. Overall Market Wide Limit: 3,09,42,207 shares

Compliance Requirements

  • Stock brokers must ensure their positions and client positions comply with the revised limits
  • Foreign Portfolio Investors (Categories I & II) must adhere to the specified limits
  • Mutual Funds must ensure scheme positions remain within prescribed limits
  • All participants should adjust positions if currently exceeding new limits before effective date
  • For clarifications, contact ICCL Risk Monitoring team:

Important Dates

  • Notice Date: November 14, 2025
  • Effective Date: November 17, 2025

Impact Assessment

Market Participants Affected: Stock brokers, FPIs (Category I & II), and Mutual Funds trading Adani Enterprises derivatives.

Operational Impact: Market participants must review and adjust their existing positions in Adani Enterprises derivatives contracts to ensure compliance with the revised limits before November 17, 2025. This may require position unwinding or rebalancing for entities currently holding positions exceeding the new thresholds.

Risk Management: The revised limits are part of ICCL’s ongoing risk management framework to maintain orderly markets and prevent excessive concentration in single-stock derivatives.

Impact Justification

Routine revision of position limits for a major stock in derivatives segment, affects market participants trading Adani Enterprises derivatives