Description

BSE surveillance measures update for companies under Insolvency and Bankruptcy Code (IBC), with Tricom Fruit Products Ltd moving to Stage 1 effective November 20, 2025.

Summary

BSE has issued an update on surveillance measures for securities under the Insolvency and Bankruptcy Code (IBC) framework effective November 20, 2025. The circular includes movements of securities across different IBC surveillance stages. Only one security, Tricom Fruit Products Ltd (Scrip Code: 531716, ISIN: INE843F01014), is being newly added to Stage 1 of Additional Surveillance Measure for Companies relating to the Insolvency Resolution Process.

Key Points

  • Tricom Fruit Products Ltd added to IBC Stage 1 surveillance effective November 20, 2025
  • No securities added to Stage 0 (Receipt of corporate announcement/disclosure)
  • No securities moving from Stage I to Stage II
  • No securities moving from Stage II to Stage I
  • No securities excluded from ASM framework
  • Consolidated list includes 14+ securities across various IBC stages (partial list shown)
  • Framework includes special markers for T+0 scrips and recommencement scrips

Regulatory Changes

No new regulatory framework changes. This is a routine update applying existing BSE surveillance measures for companies under IBC proceedings.

Compliance Requirements

  • Trading members must note the revised surveillance status of affected securities
  • Enhanced monitoring applies to securities in IBC Stage 1
  • Investors should be aware of the insolvency resolution status of listed companies
  • Securities marked with special indicators (T+0, recommencement) require specific handling

Important Dates

  • Effective Date: November 20, 2025 - New surveillance classifications become applicable

Impact Assessment

Market Impact: Limited - only one security newly added to surveillance framework. Tricom Fruit Products Ltd shareholders and traders will face enhanced surveillance measures including potential trading restrictions, higher margin requirements, or other ASM provisions.

Operational Impact: Minimal for brokers and market participants, affecting only one scrip. Trading systems should reflect updated surveillance status.

Investor Impact: Investors holding Tricom Fruit Products Ltd should be aware of the company’s IBC status and associated trading restrictions under Stage 1 surveillance measures.

Impact Justification

Routine surveillance update affecting one security moving to Stage 1 IBC framework, with no securities moving between other stages or being excluded