Description

BSE announces surveillance measures for AGS Transact Technologies Ltd under Insolvency and Bankruptcy Code framework, effective September 3, 2025.

Summary

BSE has announced surveillance measures for securities under the Insolvency and Bankruptcy Code (IBC) framework. AGS Transact Technologies Ltd (Scrip Code: 543451) has been shortlisted for Stage 0 surveillance following receipt of corporate announcement/disclosure from the company, effective September 3, 2025. The circular also provides a consolidated list of 13+ companies currently under various stages of IBC surveillance measures.

Key Points

  • AGS Transact Technologies Ltd (543451) moved to Stage 0 surveillance under IBC framework
  • Stage 0 designation follows receipt of corporate announcement/disclosure from the company
  • Effective date: September 3, 2025
  • No securities moved between Stage I and Stage II in this update
  • Consolidated list includes companies like Ansal Properties, ARSS Infrastructure, and others under IBC surveillance

Regulatory Changes

The surveillance framework under IBC includes multiple stages:

  • Stage 0: Receipt of corporate announcement/disclosure regarding insolvency proceedings
  • Stage 1: Additional Surveillance Measure for companies in Insolvency Resolution Process (IRP)
  • Stage 2: Enhanced surveillance measures for companies deeper in the IBC process

Compliance Requirements

  • Market participants must comply with applicable surveillance measures for AGS Transact Technologies Ltd starting September 3, 2025
  • Trading members should update their systems to reflect the surveillance status
  • Enhanced due diligence required for transactions in securities under IBC surveillance
  • Compliance with additional margin requirements and trading restrictions as per BSE guidelines

Important Dates

  • September 3, 2025: Surveillance measures for AGS Transact Technologies Ltd become effective
  • Ongoing monitoring of all securities under IBC framework as per the consolidated list

Impact Assessment

The surveillance measures will likely impact AGS Transact Technologies Ltd through increased trading restrictions, enhanced margin requirements, and potential reduction in liquidity. The Stage 0 designation signals early-stage insolvency concerns that may affect investor confidence. Market participants should exercise caution when dealing with securities under IBC surveillance, as these companies face significant financial distress or restructuring processes.

Impact Justification

IBC-related surveillance measures significantly impact trading and represent serious corporate governance concerns