Amendment in Designated Market Maker (DMM) framework for Index Derivatives contracts in the Equity Derivatives Segment

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NOTICE Notice No. 20260629-42 Notice Date 29 Jun 2026 Category Trading Segment Derivatives Department Trading Operations Subject Amendment in Designated Market Maker (DMM) framework for Index Derivatives contracts in the Equity Derivatives Segment Attachments Annexure_1 This is in continuation of Exchange Notice No. 20260422-2 dated April 22, 2026, regarding the Designated Market Maker (DMM) framework for Index Derivatives contracts in Equity Derivatives Segment. Trading Members are hereby informed that the Exchange has partially modified the DMM framework for Index Futures contracts, with effect from July 15, 2026. The revised maximum permissible bid-offer spread is as under: Index Instrument Existing Spread Requirement Revised Spread Requirement SENSEX, BANKEX & Focused IT Futures Maximum permissible spread of 0.10% of the bid price Maximum permissible spread of 0.25% of the bid price All other provisions of the existing Designated Market Maker (DMM) framework for Index Derivatives contracts shall remain unchanged. Trading Members are advised to refer to Annexure 1 for the detailed guidelines on the revised DMM framework applicable to Index Derivatives contracts in the Equity Derivatives Segment. For & on behalf of BSE Ltd, Ketan Jantre Kaushal Mehta Head – Trading Operations VP – Trading Operations