Description

BSE announces market wide position limits and position limits for Trading Members, FII/FPI and Mutual Funds for futures and options contracts on four new securities effective December 31, 2025.

Summary

BSE has announced market wide position limits for futures and options contracts on four individual securities: Bajaj Holdings and Investment Limited, Premier Energies Limited, Swiggy Limited, and Waaree Energies Limited. The circular specifies position limits for different categories of market participants including clients, NRI, Trading Members (proprietary and client), FII/FPI (Category I & II), and Mutual Funds. These limits are effective from December 31, 2025.

Key Points

  • Position limits established for four new scrips in derivatives segment
  • Limits specified for Client/NRI/Scheme of Mutual Fund, TM Proprietary, and TM (Proprietary+Client)/FPI(Cat I)/MF categories
  • Notice issued pursuant to notice no. 20250919-27 dated September 19, 2025
  • Partial modification of circular no. 20231229-46 dated December 29, 2023
  • Issued by ICCL Chief Risk Officer

Position Limits Details

Bajaj Holdings and Investment Limited (Scrip Code: 500490)

  • Market Wide Limit: 5,401,993 shares
  • Client/NRI/Scheme of Mutual Fund: 540,150 shares
  • TM Proprietary: 1,080,350 shares
  • TM (Proprietary+Client)/FPI(Cat I)/MF: 1,620,550 shares

Premier Energies Limited (Scrip Code: 544238)

  • Market Wide Limit: 23,923,093 shares
  • Client/NRI/Scheme of Mutual Fund: 2,392,000 shares
  • TM Proprietary: 4,784,575 shares
  • TM (Proprietary+Client)/FPI(Cat I)/MF: 7,176,575 shares

Swiggy Limited (Scrip Code: 544285)

  • Market Wide Limit: 375,529,891 shares
  • Client/NRI/Scheme of Mutual Fund: 37,551,800 shares
  • TM Proprietary: 75,104,900 shares
  • TM (Proprietary+Client)/FPI(Cat I)/MF: 112,658,000 shares

Waaree Energies Limited (Scrip Code: 544277)

  • Market Wide Limit: 15,436,318 shares
  • Client/NRI/Scheme of Mutual Fund: 1,543,500 shares
  • TM Proprietary: 3,087,175 shares
  • TM (Proprietary+Client)/FPI(Cat I)/MF: 4,630,850 shares

Compliance Requirements

  • All Trading Members, FII/FPI (Category I & II), and Mutual Funds must adhere to the specified position limits for the four securities
  • Market participants must ensure their positions in futures and options contracts on these scrips do not exceed the prescribed limits
  • Positions must be monitored and maintained within the specified thresholds across all categories

Important Dates

  • Notice Date: December 30, 2025
  • Effective Date: December 31, 2025

Impact Assessment

The introduction of position limits for these four securities will impact derivatives trading activity by:

  • Limiting concentration risk in individual scrip derivatives
  • Providing clarity to market participants on permissible position sizes
  • Enabling better risk management for Trading Members, FPIs, and Mutual Funds
  • Ensuring orderly derivatives market functioning for these newly added securities
  • Particularly significant for Swiggy Limited which has the highest position limits among the four scrips

Contact Information

For clarifications:

Impact Justification

Establishes position limits for derivatives trading on four securities, impacting traders and institutions but limited to specific scrips