Description

BSE updates surveillance measures for companies under IBC proceedings, with Bil Vyapar Ltd added to Stage 0 effective November 25, 2025.

Summary

BSE has issued an update on surveillance measures for securities under the Insolvency and Bankruptcy Code (IBC) framework. Bil Vyapar Ltd (Scrip Code: 500059, ISIN: INE071A01013) has been added to Stage 0 (Receipt of corporate announcement/disclosure from the company) effective November 25, 2025. No securities are moving between stages or being excluded from the IBC surveillance framework in this update.

Key Points

  • Bil Vyapar Ltd added to IBC Stage 0 surveillance effective November 25, 2025
  • No securities moved from Stage 0 to Stage 1 (Insolvency Resolution Process)
  • No securities moved between Stage I and Stage II
  • No securities excluded from IBC surveillance framework
  • Consolidated list includes 14+ securities currently under various IBC surveillance stages

Regulatory Changes

No changes to the IBC surveillance framework itself. This circular represents routine application of existing surveillance measures based on corporate announcements and insolvency proceedings.

Compliance Requirements

  • Market participants should note the enhanced surveillance on Bil Vyapar Ltd
  • Investors should exercise additional caution when trading securities under IBC surveillance
  • Securities marked with asterisk (*) follow NSE classification
  • Securities marked with tilde (~) are T+0 scrips shortlisted in IBC framework as per parent company
  • Securities marked with caret (^) are recommencement scrips

Important Dates

  • Effective Date: November 25, 2025 - Bil Vyapar Ltd enters IBC Stage 0 surveillance

Impact Assessment

Market Impact: Low to medium. This is a routine surveillance update affecting one security. The addition of Bil Vyapar Ltd to Stage 0 indicates the company has made announcements or disclosures related to potential insolvency proceedings.

Trading Impact: Securities under IBC surveillance typically face heightened scrutiny and may experience increased volatility. Bil Vyapar Ltd investors should be aware of potential insolvency risks.

Investor Considerations: The consolidated list shows multiple securities across different IBC stages, from initial disclosure stage (Stage 0) to active Insolvency Resolution Process (Stage 1). Notable companies include Aban Offshore Ltd, AGS Transact Technologies Ltd, Alchemist Ltd, and Ansal Properties & Infrastructure Ltd at Stage 0.

Impact Justification

Routine surveillance update affecting one security moving to IBC Stage 0, indicating potential insolvency concerns that investors should be aware of