Description
BSE announces surveillance measures for companies with high promoter and non-promoter encumbrance as per SEBI SAST Regulation 28(3), effective September 10, 2025.
Summary
BSE has implemented surveillance measures for companies with high promoter and non-promoter encumbrance as per Regulation 28(3) of SEBI (SAST) Regulation 2011, effective September 10, 2025. One new company has been added to the framework while the consolidated list now includes 6 securities under this measure.
Key Points
- DJS Stock & Shares Ltd (Scrip Code: 511636) newly added to the surveillance framework
- No securities are moving out of the measure currently
- Total of 6 companies remain under the consolidated surveillance list
- Measure relates to high encumbrance levels by both promoters and non-promoters
Regulatory Changes
Implementation of surveillance measure under SEBI (Substantial Acquisition of Shares and Takeovers) Regulation 2011, specifically Regulation 28(3) dealing with encumbrance disclosure requirements.
Compliance Requirements
Companies under this measure must comply with enhanced disclosure and monitoring requirements related to promoter and non-promoter share encumbrances as mandated under SEBI SAST regulations.
Important Dates
- Effective Date: September 10, 2025
- Measures apply to trading and compliance from the effective date
Impact Assessment
The surveillance measure affects 6 listed companies and is designed to enhance monitoring of companies with high encumbrance levels. This regulatory framework helps protect investor interests by ensuring proper disclosure and monitoring of pledged shares by promoters and non-promoters. Companies under this framework may face additional scrutiny and compliance requirements.
Impact Justification
Surveillance measure affecting 6 companies with specific encumbrance criteria under regulatory framework