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 as per Regulation 28(3) of SEBI (SAST) Regulation 2011. The measures take effect from August 5, 2025, with one company being added to the framework and no companies being removed.
Key Points
- Future Market Networks Ltd (533296) newly included in high encumbrance surveillance framework
- No securities are being removed from the framework in this update
- Total of 6 companies currently under this surveillance measure
- Framework aims to monitor companies with elevated encumbrance levels
Regulatory Changes
- Implementation of surveillance measures under SEBI (SAST) Regulation 2011, Regulation 28(3)
- Enhanced monitoring for companies with high promoter and non-promoter encumbrance
- Consolidated framework covering multiple risk categories
Compliance Requirements
- Listed companies must comply with enhanced disclosure requirements regarding encumbrance levels
- Investors should be aware of additional surveillance measures on affected securities
- Companies under this framework subject to heightened regulatory scrutiny
Important Dates
- Effective Date: August 5, 2025
- Circular Date: August 4, 2025
Impact Assessment
- Affects 6 companies currently under surveillance framework
- May impact trading volumes and investor perception of affected securities
- Provides additional investor protection through enhanced monitoring
- Companies may face increased compliance costs and reporting requirements
Impact Justification
Affects specific companies with high encumbrance levels; impacts trading and compliance requirements