Description

Market wide position limits for Nuvama Wealth Management Ltd stock derivatives contracts revised effective January 1, 2026 due to stock split.

Summary

BSE has revised the Market Wide Position Limits (MWPL) for stock derivatives contracts in Nuvama Wealth Management Ltd (Scrip Code: 543988) effective January 1, 2026. This revision follows a stock split and modifies the limits previously set in circular dated December 29, 2023. The new limits apply to Stock Brokers, Foreign Portfolio Investors (FPIs) Categories I & II, and Mutual Funds trading in Nuvama derivatives.

Key Points

  • Revised MWPL for Nuvama Wealth Management Ltd effective January 1, 2026
  • Market wide limit set at 1,22,67,678 shares
  • Revision implemented due to stock split
  • Applies to stock derivatives contracts only
  • Partial modification of circular no. 20231229-46 dated December 29, 2023
  • References prior notice no. 20251219-72 dated December 19, 2025

Regulatory Changes

The circular revises position limits for Nuvama Wealth Management Ltd derivatives:

Scrip Code: 543988
Company: Nuvama Wealth Management Limited
Market Wide Limit: 1,22,67,678 shares

Position Limits by Category:

  • Client/NRI/Scheme of Mutual Fund: 12,26,500 shares
  • TM Proprietary: 24,53,500 shares
  • TM (Proprietary+Client)/FPI (Cat I)/MF: 36,80,000 shares

Compliance Requirements

  • Stock Brokers must adhere to revised position limits from January 1, 2026
  • Foreign Portfolio Investors (Categories I & II) must comply with new limits
  • Mutual Funds must operate within updated position thresholds
  • Trading Members must adjust proprietary and client positions accordingly
  • Market participants should update their risk management systems with new limits

Important Dates

  • Circular Date: December 31, 2025
  • Effective Date: January 1, 2026
  • Referenced Prior Notice: December 19, 2025 (Notice No. 20251219-72)
  • Modified Circular: December 29, 2023 (Circular No. 20231229-46)

Impact Assessment

This revision affects market participants trading Nuvama Wealth Management derivatives. The adjustment reflects the stock split corporate action, proportionally increasing position limits to maintain equivalent market exposure. Stock brokers, FPIs, and mutual funds with positions in Nuvama derivatives must review and adjust their trading strategies to comply with the new limits. The change is administrative in nature, ensuring position limits remain appropriate post-split while maintaining market integrity and risk management standards. No significant market disruption expected as limits are adjusted proportionally to the stock split ratio.

Impact Justification

Updates position limits for a single stock due to corporate action. Affects traders and investors in Nuvama derivatives but is routine adjustment for stock split.