After market closure, some of my GSECs are suddenly showing unpledged leading to reduction in margin available and total funds going negative. Is it a glitch or really some securities are moved out of pledge list?
What is the date of maturity of these specific GSECs?
2060 and 2061. The gsecs are 676gs2061 and 68gs2060
Hmmm… OK.
So, that rules out any auto-unpledge feature on the broker’s side,
once GSECs approach maturity (~30 days?).
Source: Pledge gSec / maturity? - #2 by ShubhS9
Any other emails/notification from the broker?
Have you already raised a help-request/support-ticket with the broker?
Is it Zerodha? If yes, maybe can share the ticket-number and tag/mention ShubhS9, to help prioritise/clarify.
created a ticket just right now 20250930714409 @ShubhS9 . Kindly resolve it.
Also there is no notification from broker. I am holding 28000 quantities of these two and most of the pledged funds are in these securities. please check
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Kindly check on 24th September 2025, we have sent the notification. Both the GSECs were unapproved for pledge benefit.
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Looking at the current list of GSECs that can be pledged,
676gs2061 and 68gs2060 are no longer listed (assuming they were before).
@Ragavendran_M do you happen to know why these 2 GSECs are no longer available to be pledged?
Is it a lack of sufficient liquidity in the secondary market, so no longer pledgeable?
Something else? 
Yes, checked. I didnt checked mail earlier. But now is there solution? I was not prepared at all for this and had already made positions. Though, in my today’s option selling, i expect margin to be released by 6pm, but then i have commodities positions as well.
Any idea when these 2 securities will be again included in the pledging list. All gsecs should be pledgeable as basic concept of then is same. Really bad from clearing corporation
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also since that email/notification, these 2 gsecs have fallen by 1.5-2rs, and now either i have to book 50000 loss, or either stop trading (resulting in very little loss to zerodha also) as i have no other feasible way until i get prices back or they are included back in pledge list. Zerodha please do something
Likely the missed opportunity-cost due to not trading,
is lower than booking a loss by selling GSECs.
(unless market conditions are favorable for short-term speculation,
i.e. if a sudden market downturn occurs, despite strong fundamentals,
folks often sell GSEC/SDLs at a discount,
and speculate on equity that might bounce-back sooner/faster in the near future.)
On the topic of how to avoid/manage this “forced unpledge” risk, here’s a topic-thread discussing a similar situation from last year. A suggested practice that came-up in that thread was to monitor the liquidity of one’s pledged securities in the secondary market to be able to anticipate any of them being moved out of the pledge-list.
Also, it appears to be a recurring challenge (maybe the back-end has exact stats of impacted users/losses due to such a forced unpledge). To ensure that impacted folks are able to read the notice and respond to it in a timely manner, this scenario definitely sounds like a candidate for a more prominent notification (if one doesn’t exist already).
Does something like this exist already / is planned / makes sense to support?
As soon as the information from the clearing-corporation is known and the announcement is sent out to the users, a prominent notification (at the top of the Kite page/app) for affected users (redirecting them to email/link with exact details). The user must NOT be able to dismiss/hide such a notification until the pledged securities are unpledged (either manually by the user, or automatically once the deadline passes).
@Ragavendran_M / @ShubhS9, thoughts?
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Once the clearing corporation issues the new approved list, we immediately add a notification at the top of the Kite page/app and send out an email simultaneously. This notification remains available until the last day of the month to ensure appropriate action can be taken to prevent margin shortfalls.
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