Description

NSE circular placing Sab Events & Governance Now Media Limited (SABEVENTS) under Additional Surveillance Measure (ASM) for Companies as per Insolvency and Bankruptcy Code (IBC) Stage I, effective April 13, 2026.

Summary

NSE has issued Circular No. 264/2026 (Ref: NSE/SURV/73708) dated April 10, 2026, regarding the applicability of Additional Surveillance Measure (ASM) for Companies under the Insolvency and Bankruptcy Code (IBC). Sab Events & Governance Now Media Limited (Symbol: SABEVENTS, ISIN: INE860T01019) has been shortlisted under ASM IBC Stage I with effect from April 13, 2026. No securities are being excluded from the framework in this circular.

Key Points

  • SABEVENTS (Sab Events & Governance Now Media Limited, ISIN: INE860T01019) is newly shortlisted under ASM IBC Stage I effective April 13, 2026
  • No securities are being moved from Stage I to Stage II or Stage II to Stage I
  • No securities are being excluded from the ASM IBC framework
  • The ASM IBC framework applies in conjunction with all other prevailing surveillance measures imposed by exchanges
  • Shortlisting under ASM IBC is purely a market surveillance action and should not be construed as an adverse action against the company

Regulatory Changes

This circular updates the list of securities under the ASM IBC framework in accordance with prior circulars: NSE/SURV/37979 (June 08, 2018), NSE/SURV/52368 (May 20, 2022), NSE/SURV/55582 (February 10, 2023), and NSE/SURV/70074 (September 05, 2025). The framework criteria are triggered upon receipt of a corporate announcement or disclosure from the company relating to insolvency proceedings under IBC.

Compliance Requirements

  • All NSE Members must note the updated ASM IBC applicability for SABEVENTS from April 13, 2026
  • Members must adhere to the price band restrictions applicable to securities under ASM IBC Stage I
  • Market participants must apply the ASM IBC framework in conjunction with any other surveillance measures applicable to the listed security
  • Upon a scrip moving out of the ASM IBC framework, the price band must be reinstated to the band applicable before shortlisting, unless the scrip remains under another surveillance measure

Important Dates

  • April 10, 2026: Circular issuance date
  • April 13, 2026: Effective date for SABEVENTS inclusion under ASM IBC Stage I

Impact Assessment

Trading in SABEVENTS (Sab Events & Governance Now Media Limited) will be subject to enhanced surveillance restrictions under ASM IBC Stage I from April 13, 2026. This typically includes a reduced price band, which limits daily price movement and may affect liquidity and investor sentiment. Market participants holding or intending to trade SABEVENTS should factor in the additional trading restrictions. The measure is part of NSE’s ongoing efforts to protect investor interests in securities of companies undergoing insolvency proceedings.

Impact Justification

SABEVENTS is placed under ASM IBC Stage I effective April 13, 2026, which imposes price band restrictions on the stock and directly affects trading conditions for market participants holding or trading in this security.