Description

BSE updates surveillance measures for companies under IBC proceedings with one security moving to Stage 1 surveillance effective August 14, 2025.

Summary

BSE has updated its Additional Surveillance Measure (ASM) framework for companies under the Insolvency and Bankruptcy Code (IBC). One security, Lakshmi Precision Screws Ltd, has been moved to Stage 1 surveillance effective August 14, 2025. The circular provides consolidated lists of all securities currently under various stages of IBC surveillance.

Key Points

  • Lakshmi Precision Screws Ltd (Scrip Code: 506079, ISIN: INE651C01018) moved to Stage 1 ASM under IBC
  • No securities moved between other surveillance stages
  • No securities excluded from ASM framework
  • Consolidated list shows 14+ companies currently under IBC surveillance at various stages
  • Most companies remain at “Receipt of corporate announcement/disclosure” stage

Regulatory Changes

  • Enhanced surveillance monitoring for Lakshmi Precision Screws Ltd under Stage 1 ASM
  • Continued application of IBC surveillance framework with stage-wise progression
  • Securities marked with ~ are T+0 scrips shortlisted based on parent company IBC status

Compliance Requirements

  • Trading members must comply with additional surveillance requirements for listed securities
  • Enhanced monitoring and reporting obligations for Stage 1 securities
  • Compliance with IBC-related disclosure requirements for affected companies

Important Dates

  • Effective Date: August 14, 2025 - New surveillance measures take effect
  • All stage movements and surveillance measures applicable from this date

Impact Assessment

Market Impact: Medium - Affects trading patterns for securities under IBC proceedings with enhanced surveillance potentially leading to reduced liquidity and increased volatility for affected stocks.

Operational Impact: Limited - Only one security moves to higher surveillance stage, minimizing operational disruption while maintaining regulatory oversight of distressed companies.

Impact Justification

Affects trading surveillance for companies under insolvency proceedings, with one specific security moving to enhanced monitoring