Description

BSE updates on securities under Insolvency and Bankruptcy Code (IBC) surveillance framework with Alka India Ltd added to Stage 0 effective January 30, 2026.

Summary

BSE has issued an update to its surveillance framework for securities under the Insolvency and Bankruptcy Code (IBC). Alka India Ltd (Scrip Code: 530889, ISIN: INE061B01038) has been added to Stage 0 (Receipt of corporate announcement/disclosure) effective January 30, 2026. No securities moved between Stage 1 and Stage 2, and no securities were excluded from the framework during this update.

Key Points

  • Alka India Ltd added to IBC Stage 0 surveillance effective January 30, 2026
  • Stage 0 represents receipt of corporate announcement/disclosure from the company regarding insolvency
  • No securities moved to Stage 1 (Additional Surveillance Measure for IRP)
  • No securities transitioned between Stage 1 and Stage 2
  • No securities excluded from ASM for IBC framework
  • Consolidated list includes 14+ securities across various IBC stages

Regulatory Changes

The circular updates the surveillance measures under BSE’s IBC framework, which monitors securities of companies undergoing insolvency resolution processes. The framework operates in stages:

  • Stage 0: Receipt of corporate announcement/disclosure regarding IBC proceedings
  • Stage 1: Additional Surveillance Measure for Companies in Insolvency Resolution Process (IRP)
  • Stage 2: Enhanced surveillance for advanced IBC stages

Special notations include:

  • (*) Securities as per NSE
  • (~) T+0 Scrips shortlisted in IBC Framework as per parent company
  • (^) Recommencement Scrips

Compliance Requirements

  • Market participants must note the updated surveillance status of Alka India Ltd
  • Enhanced monitoring and due diligence required for securities under IBC surveillance
  • Trading members should be aware of applicable surveillance restrictions
  • Investors should exercise caution when trading securities under IBC framework

Important Dates

  • Effective Date: January 30, 2026 - Alka India Ltd surveillance classification takes effect

Impact Assessment

The addition of Alka India Ltd to Stage 0 surveillance indicates the company has made corporate disclosures related to insolvency proceedings. This classification serves as an early warning to market participants about potential financial distress. Securities under IBC surveillance typically face:

  • Enhanced monitoring by the exchange
  • Increased scrutiny from investors and analysts
  • Potential trading restrictions or additional margin requirements
  • Greater disclosure obligations

The consolidated list shows 14+ securities remain under various stages of IBC surveillance, indicating ongoing monitoring of financially stressed companies. The framework protects investor interests by providing transparency about companies in insolvency proceedings while maintaining orderly market conditions.

Impact Justification

Updates surveillance list for IBC securities with one company added to Stage 0; affects trading and investor awareness for securities under insolvency proceedings