Description
Updated list of securities subject to encumbrance measures under SEBI SAST regulations, with one new addition and consolidated framework list.
Summary
BSE has updated the list of securities subject to measures regarding companies with high Promoter and non-Promoter ‘Encumbrance’ under SEBI (SAST) Regulation 2011, effective August 25, 2025. Tourism Finance Corporation of India Ltd has been newly added to the framework, while no securities are being removed.
Key Points
- One new security added: Tourism Finance Corporation of India Ltd (Scrip Code: 526650, ISIN: INE305A01015)
- No securities moving out of the encumbrance framework
- Total of 7 securities currently under the consolidated framework
- Measures apply under Regulation 28(3) of SEBI (SAST) Regulation 2011
Regulatory Changes
Implementation of encumbrance monitoring framework for companies with high levels of promoter and non-promoter pledging/encumbrance as per SEBI’s Substantial Acquisition of Shares and Takeovers regulations.
Compliance Requirements
- Listed companies must comply with disclosure requirements under SEBI (SAST) Regulation 2011
- Enhanced monitoring of promoter and non-promoter encumbrance levels
- Regular reporting of pledging/encumbrance status
Important Dates
- Effective Date: August 25, 2025
- All measures become applicable from the specified date
Impact Assessment
Affects 7 companies currently under the framework, with potential impact on trading patterns and investor sentiment. The addition of Tourism Finance Corporation of India Ltd indicates ongoing regulatory scrutiny of high encumbrance levels. Companies under this framework face enhanced surveillance and disclosure requirements.
Impact Justification
Regulatory compliance measure affecting specific companies with high encumbrance levels