Description
BSE announces surveillance measures for securities under IBC with two companies moving to Stage 1 effective August 11, 2025.
Summary
BSE has issued surveillance measures for securities under the Insolvency and Bankruptcy Code (IBC) framework. Two companies - Indosolar Ltd and Ujaas Energy Ltd - are being moved to Stage 1 of Additional Surveillance Measure under IBC effective August 11, 2025.
Key Points
- Two securities shortlisted in ASM for IBC Stage 1: Indosolar Ltd (533257) and Ujaas Energy Ltd (533644)
- No securities moving between other stages or being excluded from surveillance
- Consolidated list shows 14+ companies currently under various IBC surveillance stages
- Most companies remain in “Receipt of corporate announcement/disclosure” stage
Regulatory Changes
- Implementation of stage-based surveillance framework for companies under insolvency proceedings
- Progressive surveillance measures based on IBC status and corporate disclosures
- Coordination with NSE for uniform application of measures
Compliance Requirements
- Companies under IBC surveillance must comply with enhanced disclosure requirements
- Trading members must be aware of surveillance status for affected securities
- Special attention required for T+0 scrips under IBC framework
Important Dates
- August 11, 2025: Effective date for new surveillance stage classifications
- Stage 1 surveillance measures become applicable for Indosolar Ltd and Ujaas Energy Ltd
Impact Assessment
- Limited immediate impact as only two securities are being reclassified
- Enhanced monitoring for companies under insolvency proceedings
- Potential trading restrictions and increased scrutiny for affected securities
- Investors should exercise caution when trading securities under IBC surveillance framework
Impact Justification
Affects specific companies under insolvency proceedings with surveillance stage changes