Description

BSE implements surveillance measures for companies under ICA framework with Sadbhav Engineering Ltd newly added to Stage 1.

Summary

BSE has updated its Additional Surveillance Measure for securities under the Inter-Creditor Agreement (ICA) framework effective August 22, 2025. Sadbhav Engineering Ltd has been newly added to Stage 1 surveillance, while the consolidated list includes four securities across different ICA stages.

Key Points

  • Sadbhav Engineering Ltd (532710, INE226H01026) newly shortlisted for ICA surveillance Stage 1
  • No securities moved to lower stages or upgraded from Stage I to Stage II
  • No securities removed from ICA surveillance framework
  • Total of 4 securities currently under ICA surveillance measures
  • T+0 scrips marked with ~ are shortlisted based on parent company ICA status

Regulatory Changes

Implementation of surveillance framework for companies under Inter-Creditor Agreement with staged approach based on financial stress levels.

Compliance Requirements

  • Enhanced monitoring and reporting requirements for listed securities under ICA
  • Specific trading restrictions may apply based on ICA stage classification
  • Market participants must comply with surveillance measure guidelines

Important Dates

  • Effective Date: August 22, 2025

Impact Assessment

The surveillance measures will enhance monitoring of financially stressed companies under ICA framework. Trading in affected securities may experience increased scrutiny and potential restrictions. Impact is limited to specific companies with financial restructuring under Inter-Creditor Agreement.

Impact Justification

Surveillance measures affect trading conditions for specific securities but impact is limited to companies under ICA framework