Description
BSE updates surveillance measures for companies under Insolvency and Bankruptcy Code, moving East India Drums and Barrels Manufacturing Ltd and Vas Infrastructure Ltd to Stage 1 surveillance.
Summary
BSE has updated surveillance measures for securities under the Insolvency and Bankruptcy Code (IBC) framework effective August 12, 2025. Two companies - East India Drums and Barrels Manufacturing Ltd and Vas Infrastructure Ltd - have been moved to Stage 1 Additional Surveillance Measure under IBC.
Key Points
- Two securities moved to Stage 1 IBC surveillance: East India Drums and Barrels Manufacturing Ltd (523874) and Vas Infrastructure Ltd (531574)
- No securities moved between other stages or were excluded from surveillance
- Consolidated list shows 13+ companies currently under various stages of IBC surveillance
- Companies range from Stage 0 (receipt of corporate announcement) to Stage 1 (additional surveillance)
Regulatory Changes
Implementation of Additional Surveillance Measure for Companies relating to Insolvency Resolution Process as per Insolvency and Bankruptcy Code, with staged approach based on insolvency proceedings status.
Compliance Requirements
- Securities under IBC surveillance face enhanced monitoring and reporting requirements
- Trading parameters may be adjusted based on surveillance stage
- Companies must comply with disclosure requirements related to insolvency proceedings
Important Dates
- Effective Date: August 12, 2025 - New surveillance classifications take effect
Impact Assessment
Medium impact on affected securities with potential restrictions on trading activities. Enhanced surveillance may lead to increased volatility monitoring and investor awareness requirements. The staged approach allows for graduated response based on insolvency proceeding status.
Impact Justification
Affects trading surveillance for companies under insolvency proceedings, impacts investor access and trading parameters