BSE updates surveillance measures for securities under Insolvency and Bankruptcy Code (IBC), including companies moving between stages and exclusions from ASM framework.
Impact
High
Severity
High
Justification
High impact circular affecting trading in multiple securities undergoing insolvency proceedings, with one security entering Stage 1 ASM and ten securities moving to Stage 0, directly impacting investor positions and trading restrictions
BSE updates the list of securities under surveillance measures related to Insolvency and Bankruptcy Code (IBC) proceedings, including Stage 0 and Stage 1 classifications.
Impact
High
Severity
High
Justification
High severity as securities under IBC proceedings face significant trading restrictions and investor risk. Affects multiple securities with insolvency proceedings and requires immediate trader attention.
NSE announces list of 323 securities subject to Reversal Trade Mechanism (RTCM) effective February 2026.
Impact
Medium
Severity
Medium
Justification
RTCM is a surveillance measure affecting 323 securities with enhanced monitoring and potential trading reversals to manage market risk and protect investors from abnormal price movements.
24 companies identified as non-compliant with financial results submission requirements will continue trading in Z Category (BZ/SZ Series) on trade-for-trade basis effective January 27, 2026.
Impact
High
Severity
High
Justification
High severity action affecting 24 companies for failing to submit financial results for two consecutive quarters. Trading restrictions imposed through Z Category classification with trade-for-trade settlement, significantly impacting liquidity and investor access.
Updates to securities under Additional Surveillance Measure for companies in Insolvency and Bankruptcy Code (IBC) process, effective January 1, 2026.
Impact
Medium
Severity
Medium
Justification
Affects multiple securities under IBC surveillance with stage changes and exclusions. Important for investors in these specific stocks but limited broader market impact.
BSE updates the list of securities under Additional Surveillance Measure (ASM) for companies in Insolvency Resolution Process as per IBC, effective January 01, 2026.
Impact
Medium
Severity
Medium
Justification
Affects trading parameters for securities under IBC framework. Five securities moved to Stage 0, one excluded from ASM. Moderate market impact as changes apply to specific distressed companies.
NSE shifts trading of 4 companies to Z Category effective December 26, 2025 for non-compliance with shareholding pattern submission requirements for two consecutive quarters (June 30 and September 30, 2025).
Impact
High
Severity
High
Justification
Movement to Z Category severely restricts trading liquidity as all trades settle on Trade-for-Trade basis with no intraday trading allowed. This affects 4 companies immediately and highlights 18 others already in Z Category for similar violations.
NSE updates the list of securities under Additional Surveillance Measure (ASM) for companies under Insolvency and Bankruptcy Code (IBC) proceedings, effective December 09, 2025.
Impact
High
Severity
High
Justification
Affects trading in securities of companies under IBC proceedings with additional surveillance measures that restrict trading activity and liquidity
BSE updates the list of securities under Additional Surveillance Measure relating to Insolvency Resolution Process as per IBC, effective December 09, 2025.
Impact
High
Severity
High
Justification
High impact surveillance action affecting multiple securities under insolvency proceedings, with direct trading implications for investors and market participants