Description
BSE updates securities list under high promoter/non-promoter encumbrance surveillance measure per SEBI SAST Regulation 28(3).
Summary
BSE has updated the list of securities under surveillance measure for companies with high promoter and non-promoter encumbrance as per SEBI SAST Regulation 28(3), effective August 20, 2025. One security has been added to the framework while none have been removed.
Key Points
- Hindusthan National Glass & Industries Ltd (515145) newly added to surveillance measure
- No securities removed from the framework in current update
- Consolidated list now contains 6 securities under this measure
- Measure applies to companies with high promoter as well as non-promoter encumbrance
Regulatory Changes
Implementation of surveillance measure as per Regulation 28(3) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011 for companies with high encumbrance levels.
Compliance Requirements
- Companies under this measure must comply with enhanced disclosure and monitoring requirements
- Increased scrutiny on promoter and non-promoter shareholding encumbrance levels
- Regular monitoring of encumbrance positions by exchange
Important Dates
- Effective Date: August 20, 2025
- Circular Date: August 19, 2025
Impact Assessment
Securities under this measure face enhanced surveillance which may impact trading volumes and investor sentiment. The measure aims to protect investor interests by monitoring companies with high encumbrance levels that could potentially affect ownership control and financial stability.
Impact Justification
Affects specific securities with high encumbrance levels, impacting trading and compliance for affected companies