Description

NSE updates the list of securities under Additional Surveillance Measure (ASM) for companies under the Insolvency and Bankruptcy Code (IBC), adding DPSC Limited effective May 19, 2026.

Summary

NSE’s Surveillance Department has issued Circular 371/2026 updating the list of securities under the Additional Surveillance Measure (ASM) for companies subject to the Insolvency and Bankruptcy Code (IBC). Effective May 19, 2026, DPSC Limited (DPSCLTD) has been shortlisted under the ‘Receipt of Corporate Announcement/Disclosure’ category. No securities are being moved between Stage I and Stage II, and no exclusions are being made in this update.

Key Points

  • DPSC Limited (Symbol: DPSCLTD, ISIN: INE360C01024) added to ASM IBC under ‘Receipt of Corporate Announcement/Disclosure’ category effective May 19, 2026
  • No new securities shortlisted under ASM IBC Stage I
  • No securities moved from Stage I to Stage II or Stage II to Stage I
  • No securities excluded from ASM IBC framework in this update
  • ASM IBC framework operates in conjunction with all other prevailing surveillance measures imposed by exchanges
  • Shortlisting under ASM IBC is purely for market surveillance purposes and should not be construed as an adverse action against the company

Regulatory Changes

This circular is issued under the ASM IBC framework established through prior circulars: NSE/SURV/37979 (June 8, 2018), NSE/SURV/52368 (May 20, 2022), NSE/SURV/55582 (February 10, 2023), and NSE/SURV/70074 (September 5, 2025). No new regulatory framework changes are introduced; this is a periodic list update.

Compliance Requirements

  • NSE members must take note of the updated ASM IBC list and apply applicable surveillance measures to affected securities
  • Trading in DPSCLTD will be subject to ASM IBC restrictions effective May 19, 2026
  • Market participants must comply with ASM IBC trading conditions alongside all other prevailing surveillance measures for listed securities
  • Queries may be directed to surveillance@nse.co.in

Important Dates

  • Circular Date: May 18, 2026
  • Effective Date: May 19, 2026 — DPSCLTD added under ASM IBC (Receipt of Corporate Announcement category)

Impact Assessment

The impact of this circular is moderate and limited to DPSC Limited (DPSCLTD) as the sole newly added security. Investors and traders holding or dealing in DPSCLTD should be aware of enhanced surveillance conditions effective May 19, 2026, which may include trading restrictions such as trade-for-trade settlement or margin requirements. The consolidated ASM IBC list continues to include several securities including ABAN (Aban Offshore Limited), AGSTRA (AGS Transact Technologies Limited), BILVYAPAR (BIL VYAPAR LIMITED), CLCIND (CLC Industries Limited), and DHARAN (DHARAN INFRA-EPC LIMITED) at Stage I. No broad market disruption is expected from this update.

Impact Justification

Routine surveillance update adding one new security (DPSC Limited) under ASM IBC framework; no Stage I/II transitions or exclusions this cycle, limiting broader market impact.