https://www.taxtmi.com/circulars?id=69158 Equity option orders within +/-40% of LTP (premium) or +/-INR 20, whichever is higher, are exempt from the penalty framework for high OTR. Algorithmic orders by Designated Market Makers for market making activity are excluded from OTR computation. The OTR framework remains applicable to cash and derivative segment orders, including liquidity enhancement scheme orders, subject to these exemptions. Stock Exchanges must amend bye laws and notify participants. The modifications amend specified Master Circular paragraphs and take effect from April 06, 2026. en-us Wed, 04 Feb 2026 00:00:00 +0530 Wed, 04 Feb 2026 18:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=69158 Equity option orders within +/-40% of LTP (premium) or +/-INR 20, whichever is higher, are exempt from the penalty framework for high OTR. Algorithmic orders by Designated Market Makers for market making activity are excluded from OTR computation. The OTR framework remains applicable to cash and derivative segment orders, including liquidity enhancement scheme orders, subject to these exemptions. Stock Exchanges must amend bye laws and notify participants. The modifications amend specified Master Circular paragraphs and take effect from April 06, 2026. Circulars SEBI Wed, 04 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/circulars?id=69158