Description

BSE announces securities moving in and out of surveillance measures for companies with high promoter and non-promoter encumbrance as per SEBI SAST Regulation 28(3).

Summary

BSE has issued an update on surveillance measures for companies with high promoter and non-promoter encumbrance as per Regulation 28(3) of SEBI (SAST) Regulation 2011, effective August 14, 2025. One security is moving out of the framework while the consolidated list maintains five securities under surveillance.

Key Points

  • No new securities are being added to the encumbrance surveillance framework
  • Jayaswal Neco Industries Ltd is moving out of the framework
  • Five securities remain in the consolidated surveillance list
  • Framework applies to companies with high promoter and non-promoter encumbrance
  • Measures are implemented under SEBI (Substantial Acquisition of Shares and Takeovers) Regulation 2011

Regulatory Changes

Effective August 14, 2025:

  • Jayaswal Neco Industries Ltd (Scrip Code: 522285, ISIN: INE854B01010) will be removed from the encumbrance surveillance framework
  • Securities may move out due to inclusion in LT ASM framework (*) or ESM framework ($)

Compliance Requirements

  • Listed companies must comply with encumbrance disclosure requirements under SEBI SAST Regulation 28(3)
  • Trading members must adhere to applicable surveillance measures for affected securities
  • Continued monitoring of promoter and non-promoter encumbrance levels

Important Dates

  • August 14, 2025: Effective date for changes to the surveillance framework

Impact Assessment

The removal of Jayaswal Neco Industries from the surveillance framework indicates improved encumbrance levels. The consolidated list of five securities (Future Market Networks, Indo Tech Transformers, Steel Exchange India, Thyrocare Technologies, and Tulsyan NEC) continues to be subject to enhanced surveillance measures due to high promoter and non-promoter encumbrance levels.

Impact Justification

Affects specific securities under surveillance framework with moderate market impact