Description
BSE implements surveillance measures for companies with high promoter and non-promoter encumbrance as per SEBI SAST Regulation 28(3), effective September 10, 2025.
Summary
BSE implements surveillance measures for companies with high promoter and non-promoter encumbrance levels as per Regulation 28(3) of SEBI (SAST) Regulation 2011, effective September 10, 2025. One new security (DJS Stock & Shares Ltd) has been added to the surveillance framework, while no securities are moving out. The consolidated list now contains 6 securities under this measure.
Key Points
- New addition: DJS Stock & Shares Ltd (Scrip Code: 511636, ISIN: INE234E01027)
- No securities moving out of the framework
- Total 6 securities currently under surveillance measure
- Measure applies to companies with high promoter and non-promoter encumbrance
- Based on SEBI (SAST) Regulation 2011, Regulation 28(3)
Regulatory Changes
Implementation of enhanced surveillance framework for companies with high encumbrance levels of both promoter and non-promoter holdings as mandated by SEBI regulations.
Compliance Requirements
- Listed companies under this measure must comply with enhanced disclosure requirements
- Regular monitoring of encumbrance levels
- Adherence to SEBI (SAST) Regulation 28(3) provisions
- Companies must maintain transparency regarding pledged holdings
Important Dates
- Effective Date: September 10, 2025
- Surveillance measure becomes applicable from market opening on the effective date
Impact Assessment
Medium impact surveillance measure affecting 6 securities with potential for:
- Enhanced regulatory scrutiny for affected companies
- Increased disclosure obligations
- Possible trading restrictions or additional monitoring
- Investor awareness regarding high encumbrance levels in promoter and non-promoter holdings
Impact Justification
Surveillance measure affecting 6 securities with high encumbrance levels, requiring enhanced monitoring but limited direct trading impact