Description
NSE updates on securities under Additional Surveillance Measure for companies as per Insolvency and Bankruptcy Code, with one security excluded from ASM IBC framework.
Summary
NSE has issued updates regarding the Additional Surveillance Measure (ASM) for companies under the Insolvency and Bankruptcy Code (IBC). The circular announces that Hindusthan National Glass & Industries Limited (HINDNATGLS) will be excluded from the ASM IBC framework effective August 19, 2025. No new securities are being added to any ASM IBC categories.
Key Points
- One security (HINDNATGLS) excluded from ASM IBC framework
- No new securities added to ASM IBC categories
- ASM IBC framework operates in conjunction with other surveillance measures
- Shortlisting under ASM IBC is for market surveillance purposes only
- Current consolidated ASM IBC list includes securities like ARSHIYA, COMPINFO, FLFL, FSC, and GENSOL
Regulatory Changes
No new regulatory changes introduced. The circular is a routine update to existing ASM IBC framework established through previous circulars from 2018, 2022, and 2023.
Compliance Requirements
- Market participants must note the exclusion of HINDNATGLS from ASM IBC
- Members should be aware that ASM IBC works alongside other prevailing surveillance measures
- No specific compliance actions required beyond noting the changes
Important Dates
- August 19, 2025: Effective date for exclusion of HINDNATGLS from ASM IBC
Impact Assessment
Low to medium impact circular focusing on administrative updates to surveillance framework. The exclusion of one security from ASM IBC suggests improved compliance or resolution of insolvency-related issues for Hindusthan National Glass & Industries Limited. No broader market disruption expected.
Impact Justification
Routine surveillance update with one security exclusion from ASM IBC framework