Description
BSE announces surveillance measures for companies with high promoter and non-promoter encumbrance under SEBI SAST regulations, effective August 5, 2025.
Summary
BSE has implemented surveillance measures for companies with high promoter and non-promoter encumbrance under Regulation 28(3) of SEBI (SAST) Regulation 2011, effective August 5, 2025. One new security has been added to the framework while no securities are moving out.
Key Points
- Future Market Networks Ltd (533296) newly included in the surveillance framework
- No securities are moving out of the framework in this update
- Total of 6 securities currently under this surveillance measure
- Some securities may move between different surveillance frameworks (LT ASM, ESM)
Regulatory Changes
Implementation of surveillance measures under SEBI (SAST) Regulation 2011, Regulation 28(3) for companies with high promoter and non-promoter encumbrance levels.
Compliance Requirements
- Listed companies must comply with encumbrance disclosure requirements
- Securities under this framework subject to enhanced monitoring
- Promoters and non-promoters must maintain transparency regarding encumbrance levels
Important Dates
- Effective Date: August 5, 2025
Impact Assessment
The measure affects 6 securities with enhanced surveillance due to high encumbrance levels. This framework helps protect investor interests by monitoring companies with significant pledged shareholdings by promoters and non-promoters. The consolidated list includes companies across various sectors including technology, infrastructure, and healthcare.
Impact Justification
Affects 6 securities with surveillance measures but limited scope of impact