Description

BSE updates on securities under Additional Surveillance Measure for Companies relating to the Insolvency Resolution Process (IRP) as per Insolvency and Bankruptcy Code (IBC), with Gensol Engineering Ltd added to Stage 1.

Summary

BSE has issued an update on securities under the Additional Surveillance Measure (ASM) for Companies relating to the Insolvency Resolution Process (IRP) as per the Insolvency and Bankruptcy Code (IBC). Effective February 02, 2026, Gensol Engineering Ltd (Scrip Code: 542851, ISIN: INE06H201014) has been added to Stage 1 of the IBC surveillance framework. No securities have been moved to Stage 0, between stages, or excluded from the framework.

Key Points

  • Gensol Engineering Ltd (542851) added to IBC Stage 1 surveillance effective February 02, 2026
  • No securities shortlisted for Stage 0 (Receipt of corporate announcement/disclosure)
  • No securities moved from Stage I to Stage II or vice versa
  • No securities excluded from ASM for IBC framework
  • Consolidated list includes 13+ securities under various IBC stages including A.F. Enterprises, Aanchal Ispat, Aban Offshore, AGS Transact Technologies, Alchemist Ltd, and others

Regulatory Changes

The surveillance framework continues to operate under the existing IBC guidelines with staged surveillance measures. Securities are categorized based on their status in the insolvency resolution process:

  • Stage 0: Receipt of corporate announcement/disclosure from the company
  • Stage 1: Additional Surveillance Measure for Companies relating to IRP under IBC
  • Stage 2: Enhanced surveillance (no movements in this update)

Compliance Requirements

Investors and market participants should note:

  • Trading in Gensol Engineering Ltd will be subject to Stage 1 ASM framework provisions
  • Enhanced monitoring and surveillance measures will apply
  • Investors should exercise caution when dealing with securities under IBC surveillance
  • Market participants must comply with applicable trading restrictions and disclosure requirements for IBC-affected securities

Important Dates

  • Effective Date: February 02, 2026 - Gensol Engineering Ltd enters IBC Stage 1 surveillance

Impact Assessment

The addition of Gensol Engineering Ltd to Stage 1 surveillance indicates the company is undergoing insolvency resolution proceedings. This impacts:

  • Trading: Subject to enhanced surveillance and potential trading restrictions
  • Investor Risk: Increased risk profile for existing and potential investors
  • Market Perception: Signals financial distress and ongoing insolvency proceedings
  • Liquidity: May experience reduced liquidity due to surveillance designation

The consolidated list demonstrates ongoing monitoring of multiple securities under various stages of IBC proceedings, reinforcing market integrity and investor protection measures.

Impact Justification

One security (Gensol Engineering Ltd) added to IBC Stage 1 surveillance framework. No securities moved between stages or excluded. Medium impact as it affects trading and investor awareness for the specific security under insolvency process.