Description

Updated list of securities under Additional Surveillance Measure relating to Insolvency Resolution Process (IRP) as per Insolvency and Bankruptcy Code (IBC), effective January 02, 2026.

Summary

BSE has updated the list of securities under Additional Surveillance Measure (ASM) for companies undergoing Insolvency Resolution Process (IRP) as per the Insolvency and Bankruptcy Code (IBC). The changes are effective from January 02, 2026. One security, Neueon Towers Ltd, has been newly added to Stage 1 surveillance.

Key Points

  • Neueon Towers Ltd (Scrip Code: 532887, ISIN: INE333I01044) added to Stage 1 IBC surveillance
  • No securities added to Stage 0 (Receipt of corporate announcement/disclosure)
  • No securities moved from Stage I to Stage II
  • No securities moved from Stage II to Stage I
  • No securities excluded from ASM framework
  • Consolidated list includes 14+ securities across different IBC stages
  • T+0 scrips marked with ~ are shortlisted based on parent company IBC status
  • Recommencement scrips marked with ^

Regulatory Changes

No new regulatory framework changes. This is a routine update to the existing IBC surveillance framework that categorizes securities based on their insolvency proceedings stage.

Compliance Requirements

  • Trading members must note the updated surveillance status of affected securities
  • Securities under IBC surveillance may have additional trading restrictions or monitoring
  • Market participants should review the consolidated list (Annexure III) for complete overview of all securities under IBC framework

Important Dates

  • Effective Date: January 02, 2026
  • Circular Date: January 01, 2026

Impact Assessment

Market Impact: Low to Medium. Only one security added to Stage 1 surveillance, with no securities moving between stages or being excluded.

Operational Impact: Minimal. The consolidated list continues to track securities under various stages of insolvency proceedings, providing transparency to market participants about companies under IRP.

Investor Impact: Investors holding Neueon Towers Ltd should be aware of enhanced surveillance measures applicable from January 02, 2026. Securities under IBC surveillance typically face additional monitoring and may have trading restrictions.

Impact Justification

Routine surveillance update affecting one security (Neueon Towers Ltd) moving to Stage 1 IBC surveillance. No securities moved between stages or were excluded, indicating minimal market disruption.