Description

BSE announces surveillance measures for companies with high promoter and non-promoter encumbrance under SEBI SAST regulations, 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. One new security (DJS Stock & Shares Ltd) has been added to the framework effective September 10, 2025, while no securities are being removed from the measure.

Key Points

  • New addition: DJS Stock & Shares Ltd (Scrip Code: 511636) included in the surveillance framework
  • No securities moving out of the framework currently
  • Total of 6 securities currently under this surveillance measure
  • Framework targets companies with high encumbrance levels of both promoter and non-promoter holdings

Regulatory Changes

  • Implementation of SEBI (SAST) Regulation 2011, Regulation 28(3) compliance measures
  • Enhanced surveillance for securities with significant encumbrance issues
  • Consolidated monitoring approach for promoter and non-promoter encumbrances

Compliance Requirements

  • Companies must comply with disclosure requirements under SEBI SAST regulations
  • Enhanced monitoring and reporting obligations for listed entities
  • Regular assessment of encumbrance levels and compliance status

Important Dates

  • Effective Date: September 10, 2025
  • Framework applies to securities meeting high encumbrance criteria

Impact Assessment

Securities Currently Under Framework:

  1. DJS Stock & Shares Ltd (511636)
  2. Future Market Networks Ltd (533296)
  3. Hindusthan National Glass & Industries Ltd (515145)
  4. Thyrocare Technologies Ltd (539871)
  5. Tourism Finance Corporation of India Ltd (526650)
  6. Tulsyan NEC Ltd (513629)

This measure ensures enhanced oversight of companies with significant encumbrance levels, protecting investor interests while maintaining market integrity. The framework allows for dynamic inclusion and exclusion based on compliance with encumbrance thresholds.

Impact Justification

Surveillance measure affecting 6 securities with high encumbrance levels, requiring enhanced monitoring but not trading restrictions