Description

BSE updates surveillance measures for securities under Inter-Creditor Agreement framework with Sadbhav Engineering Ltd being shortlisted for additional surveillance.

Summary

BSE has updated surveillance measures for securities under the Inter-Creditor Agreement (ICA) framework effective August 22, 2025. Sadbhav Engineering Ltd has been newly shortlisted for Additional Surveillance Measure under ICA Stage 1.

Key Points

  • Sadbhav Engineering Ltd (Scrip Code: 532710, ISIN: INE226H01026) newly added to ICA surveillance
  • No securities moved to lower stages or promoted from Stage I to Stage II
  • No securities removed from ICA surveillance measures
  • Consolidated list shows 4 securities currently under ICA surveillance

Securities Under ICA Surveillance

Newly Added (Stage 1):

  • Sadbhav Engineering Limited (532710)

Existing Securities:

  • Mcleod Russel India Ltd (532654) - ICA Stage
  • Sterling and Wilson Renewable Energy Ltd (542760, 142760) - ICA Stage

Important Dates

  • Effective Date: August 22, 2025

Impact Assessment

The addition of Sadbhav Engineering to ICA surveillance indicates potential financial stress requiring enhanced monitoring. Securities under ICA framework face additional trading restrictions and disclosure requirements to protect investor interests.

Impact Justification

Affects specific securities under ICA framework with enhanced surveillance measures