Description
NSE Clearing Limited revises Market Wide Position Limit (MWPL) and participant/client limits for EFCIL in the Securities Lending and Borrowing Scheme, effective May 08, 2026.
Summary
NSE Clearing Limited (NCL) has revised the Market Wide Position Limit (MWPL) and the associated Participant, Institutional Client, and Non-Institutional Client limits for the symbol EFCIL under the Securities Lending and Borrowing (SLB) Scheme. The revision is effective from May 08, 2026, and supersedes limits set in the earlier circulars NCL/CMPT/73999 and NCL/CMPT/74025 (both dated April 30, 2026).
Key Points
- MWPL for EFCIL increased from 5,431,039 shares to 5,516,100 shares (~+1.57%)
- Institutional Client Limit increased from 543,103 shares to 551,610 shares
- Participant Limit increased from 543,103 shares to 551,610 shares
- Non-Institutional Client Limit increased from 54,310 shares to 55,161 shares
- Circular reference: NCL/CMPT/74105 | Circular No. 049/2026
- Issued by: Anil Suvarana, Associate Vice President, NSE Clearing Limited
Regulatory Changes
All four tiers of SLB position limits for EFCIL have been revised upward:
| Limit Type | Old Limit (Shares) | New Limit (Shares) |
|---|---|---|
| Market Wide Position Limit | 5,431,039 | 5,516,100 |
| Institutional Client Limit | 543,103 | 551,610 |
| Participant Limit | 543,103 | 551,610 |
| Non-Institutional Client Limit | 54,310 | 55,161 |
This is a partial modification of circular NCL/CMPT/74025 dated April 30, 2026, and is issued in pursuance of circular NCL/CMPT/73999 dated April 30, 2026.
Compliance Requirements
- All SLB Participants and Custodians are required to take note of the revised limits.
- Positions in EFCIL under the SLB Scheme must comply with the new limits effective May 08, 2026.
- Existing positions that exceed the new limits (unlikely given limits are increasing) would need to be adjusted.
Important Dates
- Circular Date: May 07, 2026
- Effective Date: May 08, 2026
- Reference Circulars: NCL/CMPT/73999 and NCL/CMPT/74025, both dated April 30, 2026
Impact Assessment
The upward revision of MWPL and associated limits for EFCIL in the SLB segment indicates an increase in eligible shares or floating stock for this security. SLB participants (brokers, custodians) can now lend/borrow a larger quantity of EFCIL shares. The ~1.57% increase in the MWPL is moderate and reflects a routine recalibration based on the latest shareholding or floating stock data. The impact is confined to participants active in the SLB segment for EFCIL and does not affect normal equity trading limits.
Impact Justification
Routine upward revision of SLB position limits for a single stock (EFCIL); directly affects SLB participants and clients trading this symbol but has limited broad market impact.