Description

BSE adds Goenka Diamond & Jewels Ltd to Stage 1 of Additional Surveillance Measure for companies under Insolvency and Bankruptcy Code, effective October 27, 2025.

Summary

BSE has issued surveillance measures for securities under the Insolvency and Bankruptcy Code (IBC) framework, effective October 27, 2025. One security - Goenka Diamond & Jewels Ltd (Scrip Code: 533189, ISIN: INE516K01024) - has been newly added to Stage 1 of the Additional Surveillance Measure for companies in the Insolvency Resolution Process. No securities were moved to Stage 0, excluded from ASM, or moved between Stage 1 and Stage 2.

Key Points

  • Goenka Diamond & Jewels Ltd added to IBC Stage 1 surveillance effective October 27, 2025
  • Scrip Code: 533189, ISIN: INE516K01024
  • No securities moved to Stage 0 (Receipt of corporate announcement/disclosure)
  • No securities moved from Stage 1 to Stage 2 or vice versa
  • No securities excluded from IBC surveillance framework
  • Consolidated list shows 14 securities currently under various stages of IBC surveillance

Regulatory Changes

No new regulatory changes introduced. This circular applies existing IBC surveillance framework to one additional security.

Compliance Requirements

  • Trading members and investors should be aware of IBC surveillance status when trading Goenka Diamond & Jewels Ltd
  • Securities under IBC surveillance may have trading restrictions or additional disclosure requirements
  • Market participants should monitor further updates on securities under insolvency proceedings

Important Dates

  • Effective Date: October 27, 2025 - Goenka Diamond & Jewels Ltd enters Stage 1 of IBC surveillance

Impact Assessment

Market Impact: Low - Only one security affected in this update

Operational Impact: Medium for Goenka Diamond & Jewels Ltd - The stock will be subject to enhanced surveillance measures due to the company’s insolvency resolution process status. This may result in increased scrutiny, potential trading restrictions, and heightened investor awareness.

Investor Impact: High for existing shareholders of Goenka Diamond & Jewels Ltd - Stage 1 classification indicates the company is undergoing insolvency resolution proceedings, which carries significant risks for equity holders.

The consolidated list reveals 14 securities remain under various stages of IBC surveillance, indicating ongoing monitoring of companies in distress across the market.

Impact Justification

Only one security moved to Stage 1 surveillance under IBC framework. Limited market-wide impact but significant for the specific stock and its investors.