Description
BSE updates list of securities under high encumbrance surveillance measure as per SEBI SAST Regulation 28(3).
Summary
BSE has updated the list of securities under surveillance measure for companies with high Promoter as well as non-Promoter ‘Encumbrance’ as per Regulation 28(3) of SEBI (SAST) Regulation 2011, effective August 14, 2025.
Key Points
- No new securities added to the high encumbrance surveillance list
- One security removed from the surveillance framework
- Current consolidated list contains 5 securities under surveillance
- Changes effective from August 14, 2025
Regulatory Changes
- Jayaswal Neco Industries Ltd (522285, INE854B01010) removed from high encumbrance surveillance measure
- No new inclusions in the surveillance framework
Compliance Requirements
- Companies under surveillance must comply with enhanced disclosure requirements
- Regular monitoring of promoter and non-promoter encumbrance levels
- Adherence to SEBI SAST Regulation 28(3) provisions
Important Dates
- Effective Date: August 14, 2025
- Changes to surveillance list implemented from this date
Impact Assessment
Securities Currently Under Surveillance:
- Future Market Networks Ltd (533296, INE360L01017)
- Indo Tech Transformers Ltd (532717, INE332H01014)
- Steel Exchange India Ltd (534748, INE503B01021)
- Thyrocare Technologies Ltd (539871, INE594H01019)
- Tulsyan NEC Ltd (513629, INE463D01016)
Market Impact: Medium - affects specific securities with enhanced surveillance requirements for encumbrance monitoring. Removal of one security from surveillance indicates improved compliance status.
Impact Justification
Routine surveillance measure update affecting specific companies with high encumbrance levels