Description
BSE updates surveillance measures for companies under Insolvency and Bankruptcy Code, with two securities added to Stage 0 and one excluded from ASM.
Summary
BSE has updated surveillance measures for securities under the Insolvency and Bankruptcy Code (IBC) framework, effective September 04, 2025. Two securities have been added to Stage 0 (Receipt of corporate announcement/disclosure), while ARSS Infrastructure Projects Ltd has been excluded from Additional Surveillance Measure (ASM).
Key Points
- Two securities added to IBC Stage 0: Aban Offshore Ltd (523204) and Quadrant Televentures Ltd (511116)
- ARSS Infrastructure Projects Ltd (533163) excluded from ASM for IBC
- No securities moved between Stage I and Stage II
- Consolidated list shows 13+ securities currently under various IBC surveillance stages
- Changes effective from September 04, 2025
Regulatory Changes
- Addition of two securities to Stage 0 surveillance under IBC framework
- Removal of one security from Additional Surveillance Measure
- Continued monitoring of securities under insolvency resolution process
Compliance Requirements
- Trading members must note the surveillance stage changes for affected securities
- Enhanced monitoring required for securities in IBC framework
- Compliance with stage-specific trading restrictions and requirements
Important Dates
- September 04, 2025: Effective date for all surveillance measure changes
Impact Assessment
- Limited impact affecting only three specific securities
- ARSS Infrastructure Projects Ltd benefits from exclusion from ASM
- Aban Offshore and Quadrant Televentures face enhanced surveillance under Stage 0
- Market participants should adjust trading strategies for affected securities accordingly
Impact Justification
Affects specific securities under IBC framework with surveillance stage changes