Description
BSE announces Shalimar Paints Ltd added to the encumbrance surveillance measure under SEBI (SAST) Regulations 2011 Reg. 28(3), effective March 05, 2026. Consolidated list now includes 11 securities.
Summary
BSE has updated the list of securities under the encumbrance surveillance measure pursuant to Regulation 28(3) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Effective March 05, 2026, Shalimar Paints Ltd (Scrip Code: 509874, ISIN: INE849C01026) has been added to the framework. No securities are moving out of the framework in this update. The consolidated list now comprises 11 securities.
Key Points
- Shalimar Paints Ltd (Scrip Code: 509874, ISIN: INE849C01026) is newly added to the encumbrance measure effective March 05, 2026.
- No securities are being removed from the framework in this update (Annexure II lists Nil exits).
- The consolidated list (Annexure III) now contains 11 securities.
- The measure applies to companies with high Promoter as well as non-Promoter encumbrance as per Reg. 28(3) of SEBI (SAST) Regulations 2011.
- Securities marked (*) are based on NSE data.
Regulatory Changes
This circular is issued under Regulation 28(3) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which mandates surveillance actions on companies where promoter and/or non-promoter encumbrance levels are deemed high. The update revises the shortlisted securities list as of March 05, 2026.
Compliance Requirements
- Trading members and investors should note the inclusion of Shalimar Paints Ltd in this framework.
- Companies in the consolidated list may be subject to additional disclosures, trading restrictions, or margin requirements as applicable under the encumbrance surveillance framework.
- Market participants should review their exposure to all 11 listed securities.
- Securities exiting due to inclusion in LT ASM, ESM, or TT frameworks are governed by those respective frameworks’ rules.
Important Dates
- Effective Date: March 05, 2026 — Shalimar Paints Ltd enters the encumbrance measure framework.
- Circular Date: March 04, 2026.
Impact Assessment
Consolidated List of 11 Securities Under the Framework:
| Sr No | Scrip Code | ISIN | Scrip Name |
|---|---|---|---|
| 1 | 502865 | INE518A01013 | Forbes & Company Ltd |
| 2 | 541546 | INE287Z01012 | Gayatri Highways Ltd |
| 3 | 535667 | INE474O01010 | India Finsec Ltd |
| 4 | 532717 | INE332H01014 | Indo Tech Transformers Ltd |
| 5 | 533632 | INE912L01015 | Onelife Capital Advisors Ltd |
| 6 | 533100 | INE429K01012 | Premier Energy and Infrastructure Ltd |
| 7 | 506003 | INE618D01015 | Sudal Industries Ltd |
| 8 | 526650 | INE305A01023 | Tourism Finance Corporation of India Ltd |
| 9 | 513629 | INE463D01016 | Tulsyan NEC Ltd |
| 10 | 532721 | INE286H01012 | Visa Steel Ltd |
| 11 | 509874 | INE849C01026 | Shalimar Paints Ltd |
Inclusion in this framework signals elevated risk due to significant encumbrance on promoter or non-promoter shareholding, which can affect stock liquidity, investor confidence, and may precede further regulatory action. Investors holding or considering positions in any of these 11 securities should exercise heightened due diligence.
Impact Justification
Directly impacts 11 listed securities under a regulatory surveillance framework for high promoter/non-promoter encumbrance; triggers trading restrictions and investor risk alerts.