Description

BSE updates Additional Surveillance Measure list for companies under Insolvency and Bankruptcy Code. Gensol Engineering Ltd added to Stage 1 effective February 02, 2026.

Summary

BSE has updated the Additional Surveillance Measure (ASM) list for securities under 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 were moved between stages or excluded from the framework in this update.

Key Points

  • Gensol Engineering Ltd added to IBC ASM Stage 1 effective February 02, 2026
  • Scrip Code: 542851, ISIN: INE06H201014
  • 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 IBC ASM framework
  • Consolidated list includes 13+ securities across various IBC stages

Regulatory Changes

The circular implements the Additional Surveillance Measure framework for companies undergoing Insolvency Resolution Process (IRP) as per the Insolvency and Bankruptcy Code. The framework operates in stages:

  • 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 measures

Securities under this framework face trading restrictions and enhanced monitoring to protect investor interests during insolvency proceedings.

Compliance Requirements

  • Market participants must note the surveillance classification of Gensol Engineering Ltd
  • Trading in securities under IBC framework subject to additional surveillance measures
  • Investors should exercise heightened caution when trading securities listed under IBC stages
  • Companies must comply with disclosure requirements related to insolvency proceedings

Important Dates

  • Effective Date: February 02, 2026 - Gensol Engineering Ltd added to IBC ASM Stage 1

Impact Assessment

Market Impact: High - Addition to IBC surveillance framework indicates serious financial distress and ongoing insolvency proceedings for Gensol Engineering Ltd. This typically results in increased volatility, reduced liquidity, and heightened trading restrictions.

Investor Impact: Shareholders of Gensol Engineering face significant uncertainty regarding recovery of their investments during the insolvency resolution process. The stock will be subject to additional surveillance measures which may include price bands, trade-for-trade settlement, or other restrictions.

Trading Impact: The security will face enhanced monitoring and potential trading restrictions as per BSE’s surveillance framework for IBC securities. This may include reduced trading limits, additional margin requirements, or periodic trading halts.

Consolidated List: The annexure shows 13+ companies remain under various stages of IBC surveillance, including established companies like Aban Offshore Ltd, Ansal Properties & Infrastructure Ltd, and Arshiya Limited, indicating ongoing systemic monitoring of distressed assets.

Impact Justification

Addition to IBC surveillance framework signals severe financial distress and insolvency proceedings, significantly impacting trading and investor confidence in Gensol Engineering