Description

BSE updates surveillance measures for companies with high promoter and non-promoter encumbrance under SEBI SAST regulations, with 4 securities moving out and consolidated list of 5 securities remaining under the framework.

Summary

BSE has updated its surveillance measures for companies with high promoter and non-promoter encumbrance as per Regulation 28(3) of SEBI (SAST) Regulation 2011, effective August 1, 2025. Four securities are moving out of the framework while five securities remain under the consolidated surveillance measure.

Key Points

  • No new securities added to the encumbrance surveillance framework
  • Four securities moving out of the framework effective August 1, 2025
  • Five securities remain in the consolidated surveillance list
  • Some securities moved to other surveillance frameworks (LT ASM and ESM)

Securities Moving Out

  • B. L. Kashyap and Sons Ltd (532719)
  • Forbes & Company Ltd (502865)
  • Forbes Precision Tools and Mac (544186)
  • Tourism Finance Corporation of India Ltd (526650)

Securities Under Surveillance

Consolidated list of securities remaining under the framework:

  • Indo Tech Transformers Ltd (532717)
  • Jayaswal Neco Industries Ltd (522285)
  • Steel Exchange India Ltd (534748)
  • Thyrocare Technologies Ltd (539871)
  • Tulsyan NEC Ltd (513629)

Regulatory Framework

The measure applies to companies with high promoter as well as non-promoter encumbrance as defined under Regulation 28(3) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulation 2011.

Important Dates

  • Effective Date: August 1, 2025

Impact Assessment

Securities under this surveillance framework may face additional trading restrictions and monitoring. The removal of four securities indicates improved encumbrance positions, while securities marked with asterisks have moved to Long Term Additional Surveillance Measure (LT ASM) framework, and those with dollar signs have moved to Enhanced Surveillance Measure (ESM) framework.

Impact Justification

Affects surveillance status of multiple securities with specific trading implications for companies with high encumbrance levels