Description
NSE implements surveillance measures for companies with high promoter and non-promoter encumbrance as per SEBI SAST Regulation 2011.
Summary
NSE has implemented surveillance measures for companies with high promoter and non-promoter encumbrance as per Regulation 28(3) of SEBI (SAST) Regulation 2011, effective August 05, 2025. One new security has been added to the surveillance list while no securities have been excluded.
Key Points
- Future Market Networks Limited (FMNL) added to surveillance measure effective August 05, 2025
- No securities excluded from the surveillance measure in this update
- Consolidated list now includes 5 companies under surveillance for high encumbrance
- Measure applies to both promoter and non-promoter encumbrance levels
Regulatory Changes
Implementation of surveillance measure as per SEBI (Substantial Acquisition of Shares and Takeovers) Regulation 2011, specifically Regulation 28(3) dealing with encumbrance disclosure requirements.
Compliance Requirements
- Companies under surveillance must comply with enhanced disclosure requirements
- Stricter monitoring of promoter and non-promoter shareholding encumbrance levels
- Regular reporting obligations for encumbrance positions
Important Dates
- Effective Date: August 05, 2025 - Implementation of surveillance measure for FMNL
Impact Assessment
Limited market impact as the measure affects only one additional security (FMNL). The surveillance measure is designed to ensure greater transparency and compliance with encumbrance disclosure norms. Companies under this measure face enhanced scrutiny and reporting requirements, which may affect their trading patterns and investor perception.
Impact Justification
Surveillance measure affects specific companies but has limited market-wide impact