Description
BSE implements surveillance measures for companies with high promoter and non-promoter encumbrance under SEBI SAST regulations, adding Tulsyan NEC Ltd to the framework.
Summary
BSE has updated its surveillance framework for companies with high Promoter and non-Promoter ‘Encumbrance’ as per Regulation 28(3) of SEBI (SAST) Regulation 2011, effective July 31, 2025. One new security (Tulsyan NEC Ltd) has been added to the surveillance framework, while no securities are being removed.
Key Points
- New addition: Tulsyan NEC Ltd (Scrip Code: 513629, ISIN: INE463D01016)
- No securities are moving out of the surveillance framework
- Framework based on SEBI (SAST) Regulation 2011, Regulation 28(3)
- Total of 9 securities currently under this surveillance measure
- Some securities may move between different surveillance frameworks (LT ASM, ESM)
Regulatory Changes
Implementation of enhanced surveillance measures for companies with high promoter and non-promoter encumbrance levels as mandated under SEBI’s Substantial Acquisition of Shares and Takeovers (SAST) regulations.
Compliance Requirements
- Companies under this framework are subject to enhanced monitoring
- Trading members must exercise additional due diligence for transactions in these securities
- Compliance with SEBI (SAST) Regulation 2011 requirements regarding encumbrance disclosure
Important Dates
- Effective Date: July 31, 2025
- Framework implementation for newly added securities begins from the effective date
Impact Assessment
The surveillance framework affects 9 companies total, with enhanced monitoring for securities showing high encumbrance levels. This measure aims to protect investor interests by ensuring greater transparency and risk management for companies with significant pledged shareholdings by both promoters and non-promoters.
Impact Justification
Surveillance framework update affecting specific companies with high encumbrance levels requiring enhanced monitoring