NSE circular announcing changes to the ASM framework for companies under IBC, effective April 01, 2026. Five securities are being added to the 'Receipt of corporate announcement/disclosure' category while no securities are being excluded.
Impact
High
Severity
High
Justification
This circular imposes ASM trading restrictions on multiple securities under IBC proceedings, directly affecting tradability and investor access. The addition of GENSOL (a high-profile recent IBC case) and four other securities significantly impacts market participants holding or trading these stocks.
NSE identifies 15 companies non-compliant with Regulation 76 (Reconciliation of Share Capital Audit Report) for two consecutive quarters (Sep-Dec 2025), confirming their continued trading in Z Category from April 6, 2026.
Impact
High
Severity
High
Justification
Affects 15 listed companies confirmed to remain in Z Category (trade-for-trade settlement), impacting liquidity and investor confidence. Effective date of April 6, 2026 creates near-term trading implications.
NSE announces the list of securities subject to the Reversal Trade Cancellation Mechanism (RTCM) for April 2026, covering 300+ stocks under enhanced surveillance.
Impact
High
Severity
High
Justification
RTCM is an NSE surveillance measure that directly cancels reversal trades in listed securities. Inclusion in this list significantly restricts trading patterns for 300+ stocks in the cash market segment for April 2026, with immediate and direct impact on trading activity and liquidity for affected securities.
NSE identifies 18 companies non-compliant with Regulation 31 (Shareholding Pattern submission) for two consecutive quarters (Sep 2025 and Dec 2025). Their securities continue trading in Z Category from March 27, 2026, on Trade for Trade basis.
Impact
High
Severity
High
Justification
Affects 18 listed companies including notable names like Gensol Engineering, Reliance Home Finance, Future Enterprises, and HDIL. Continued Z-category trading with Trade for Trade settlement significantly restricts liquidity and investor participation, making this high importance for holders of these securities.
NSE announces changes to Additional Surveillance Measure (ASM) for companies under Insolvency and Bankruptcy Code (IBC), with Neueon Corporation Limited newly added to Stage I effective March 11, 2026.
Impact
High
Severity
High
Justification
This circular imposes enhanced trading restrictions on multiple securities under IBC proceedings, directly affecting tradability and investor exposure to insolvent companies. Neueon Corporation Limited is newly added to ASM Stage I, and a consolidated list of 18+ securities under various ASM-IBC stages is updated.
NSE quarterly review adds SAHAJ and TARAPUR to GSM framework effective March 16, 2026, retains existing securities, and moves select securities out of GSM effective March 10, 2026.
Impact
High
Severity
High
Justification
Directly affects tradability of multiple securities; new GSM placements, retentions, and removals with specific effective dates impact investors and trading members dealing in these stocks.
NSE announces ASM applicability under IBC effective February 27, 2026, adding Eastern Silk Industries Limited (EASTSILK) to Stage I. Consolidated list includes 7 securities in Stage I and multiple securities under corporate announcement receipt category.
Impact
High
Severity
High
Justification
ASM under IBC imposes trading restrictions on multiple securities linked to insolvent companies; new addition of EASTSILK to Stage I and a consolidated list of 17+ affected securities directly impacts investor trading across these counters effective February 27, 2026.
BSE announces updates to the Additional Surveillance Measure (ASM) for companies under the Insolvency Resolution Process (IRP) as per IBC, with Eastern Silk Industries Ltd newly added to Stage 1 effective February 27, 2026.
Impact
Medium
Severity
Medium
Justification
Routine IBC surveillance update affecting a limited set of companies under insolvency proceedings; one new stock added to Stage 1 with trading restrictions, while no removals or stage escalations were made.
NSE releases the updated list of 300+ securities subject to the Reversal Trade Cancellation Mechanism (RTCM) for March 2026, a surveillance measure to cancel trades that are reversed within a short timeframe.
Impact
Medium
Severity
Medium
Justification
Affects 300+ securities listed on NSE; RTCM is an active surveillance tool that can result in trade cancellations for reversal patterns, directly impacting traders and brokers dealing in these stocks. High importance due to the large number of securities covered; medium impact as it targets a specific trading behaviour rather than broad market restrictions.
BSE circular detailing surveillance measures for securities under Insolvency and Bankruptcy Code (IBC), including companies moved to Stage 1 and consolidated list of securities under IRP.
Impact
High
Severity
High
Justification
Securities under IBC surveillance face trading restrictions and additional compliance requirements, significantly impacting investor access and company operations