Description

BSE updates surveillance measures for companies under Insolvency and Bankruptcy Code with 13 securities moving to Stage 0 effective August 1, 2025.

Summary

BSE has updated surveillance measures for securities under the Insolvency and Bankruptcy Code (IBC) framework. Thirteen companies are moving to Stage 0 (Receipt of corporate announcement/disclosure) effective August 1, 2025. No securities are being newly included in or excluded from the Additional Surveillance Measure (ASM) framework.

Key Points

  • 13 securities moving to IBC Stage 0 effective August 1, 2025
  • No new securities added to IBC surveillance stages
  • No securities excluded from ASM framework
  • Stage changes reflect updated corporate disclosure status
  • T+0 scrips marked with ~ symbol are shortlisted based on parent company IBC status

Regulatory Changes

  • Updated IBC surveillance stage classifications
  • Enhanced monitoring for companies with insolvency proceedings
  • Alignment with NSE surveillance measures where applicable

Compliance Requirements

  • Companies must comply with enhanced disclosure requirements under Stage 0
  • Market participants should note revised surveillance status for affected securities
  • Trading members must monitor position limits and surveillance conditions

Important Dates

  • August 1, 2025: Effective date for all stage changes and surveillance measure updates

Impact Assessment

Market Impact: Medium - affects trading conditions for 13 securities under IBC surveillance Operational Impact: Low - routine surveillance update with no new inclusions or exclusions Investor Impact: Medium - enhanced monitoring may affect liquidity and trading patterns for affected stocks

Affected Securities Moving to Stage 0

  1. Alps Industries Ltd (530715)
  2. East India Drums and Barrels Manufacturing Ltd (523874)
  3. Hindusthan National Glass & Industries Ltd (515145)
  4. Housing Development and Infrastructure Ltd (532873)
  5. Indosolar Ltd (533257)
  6. Jaiprakash Associates Ltd (532532)
  7. Morarjee Textiles Ltd (532621)
  8. Omkar Speciality Chemicals Ltd (533317)
  9. Rajeswari Infrastructure Ltd (526823)
  10. Reliance Communications Ltd (532712)
  11. Seya Industries Ltd (524324)
  12. Ujaas Energy Ltd (533644)
  13. Vas Infrastructure Ltd (531574)

Impact Justification

Updates surveillance framework for 13 companies under IBC, affecting trading conditions but no new inclusions or exclusions