Description

BSE updates list of securities under high encumbrance measure with two companies moving out effective September 1, 2025.

Summary

BSE has updated the list of securities under surveillance measure for companies with high Promoter as well as non-Promoter ‘Encumbrance’ as per Regulation 28(3) of SEBI (SAST) Regulation 2011. No new securities are being added, while two companies are moving out of this framework effective September 1, 2025.

Key Points

  • No new securities added to the high encumbrance surveillance measure
  • Two securities moving out of the framework: Indo Tech Transformers Ltd and Steel Exchange India Ltd
  • Current consolidated list contains 5 securities under this measure
  • Changes effective from September 1, 2025

Securities Moving Out

  • Indo Tech Transformers Ltd (Scrip Code: 532717, ISIN: INE332H01014)
  • Steel Exchange India Ltd (Scrip Code: 534748, ISIN: INE503B01021)

Current Consolidated List

The following 5 securities remain under the high encumbrance measure:

  1. Future Market Networks Ltd (533296)
  2. Hindusthan National Glass & Industries Ltd (515145)
  3. Thyrocare Technologies Ltd (539871)
  4. Tourism Finance Corporation of India Ltd (526650)
  5. Tulsyan NEC Ltd (513629)

Important Dates

  • Effective Date: September 1, 2025

Impact Assessment

This is a routine update to BSE’s surveillance framework. The removal of two securities from the high encumbrance measure indicates improved compliance with promoter pledge disclosure requirements under SEBI regulations. The measure continues to monitor companies with significant promoter and non-promoter encumbrances to ensure market transparency.

Impact Justification

Routine surveillance measure update affecting specific securities with high promoter/non-promoter encumbrance