Description
Updated list of securities under Additional Surveillance Measure for Companies relating to Insolvency Resolution Process as per Insolvency and Bankruptcy Code.
Summary
BSE has updated the surveillance measures for securities under the Insolvency and Bankruptcy Code (IBC) framework effective September 10, 2025. Two companies have been moved to Stage 1 Additional Surveillance Measure, while consolidated list shows 13+ companies across different IBC stages.
Key Points
- Two securities moved to Stage 1 ASM under IBC: Harig Crankshafts Ltd and Vikas WSP Ltd
- No securities moved between stages or were excluded from ASM
- Consolidated list maintains companies across different IBC stages from Stage 0 to Stage 1
- Framework includes T+0 scrips and recommencement scrips with special markings
Regulatory Changes
- Updated classification of securities under IBC surveillance framework
- Continued application of Additional Surveillance Measure for companies in insolvency resolution process
- Maintenance of stage-wise segregation based on insolvency proceedings status
Compliance Requirements
- Securities under surveillance measures subject to enhanced monitoring
- Trading participants must comply with additional requirements for ASM securities
- Companies must provide corporate announcements and disclosures as required
Important Dates
- Effective Date: September 10, 2025
- Changes to surveillance measures take effect from market opening on specified date
Impact Assessment
- Limited immediate market impact with only two securities moving to Stage 1
- Enhanced surveillance on companies under insolvency proceedings continues
- Investors and traders should note additional compliance requirements for affected securities
- Framework provides structured approach to monitoring securities during insolvency resolution process
Impact Justification
Affects trading of securities under insolvency proceedings with specific surveillance measures