Description

Update on securities under Additional Surveillance Measure (ASM) related to Insolvency and Bankruptcy Code (IBC) proceedings, effective January 23, 2026.

Summary

BSE has issued an update on securities under Additional Surveillance Measure (ASM) related to the Insolvency and Bankruptcy Code (IBC) framework. Effective January 23, 2026, one security - Kilburn Office Automation Ltd (Scrip Code: 523218, ISIN: INE793E01014) - will be excluded from the ASM for Companies under IBC. No securities are being newly added to any IBC surveillance stages (Stage 0, Stage 1, or Stage 2), and no securities are moving between stages.

Key Points

  • No securities shortlisted for Stage 0 (Receipt of corporate announcement/disclosure)
  • No securities shortlisted for Stage 1 (Additional Surveillance Measure for IRP)
  • No securities moving from Stage 1 to Stage 2
  • No securities moving from Stage 2 to Stage 1
  • Kilburn Office Automation Ltd to be excluded from IBC ASM framework
  • Changes effective from January 23, 2026
  • Consolidated list includes 14+ securities remaining under various IBC surveillance stages

Regulatory Changes

No new regulatory changes introduced. This circular provides routine updates to the existing IBC surveillance framework that monitors companies undergoing insolvency resolution processes.

Compliance Requirements

  • Market participants should note the exclusion of Kilburn Office Automation Ltd from IBC surveillance measures
  • Trading members should update their systems to reflect the revised surveillance status
  • Investors should be aware that securities under IBC stages may have trading restrictions and additional margin requirements

Important Dates

  • Effective Date: January 23, 2026 - Changes to IBC surveillance framework take effect

Impact Assessment

Market Impact: Low to Medium. The exclusion of one security from IBC surveillance is positive for that specific stock as it indicates resolution or exit from insolvency proceedings. No new securities entering surveillance stages suggests stable conditions for companies currently monitored.

Operational Impact: Minimal. This is a routine surveillance update with limited scope affecting only one security.

Securities Under IBC Surveillance: The consolidated list continues to include securities like A.F. Enterprises Ltd, Aanchal Ispat Ltd, Aban Offshore Ltd, AGS Transact Technologies Ltd, Alchemist Ltd, Ambition Mica Limited, Ankit Metal & Power Ltd, Ansal Properties & Infrastructure Ltd, Arshiya Limited, Axis Solutions Ltd, Baron Infotech Ltd, Bil Vyapar Ltd, Birla Cotsyn (India) Ltd, and Bloom Dekor Ltd, among others, at various stages of IBC surveillance.

Impact Justification

Routine surveillance update with one security (Kilburn Office Automation Ltd) being excluded from IBC ASM framework. No new securities added to surveillance stages.