BSE10 Aug 2026noticePrepared by Complied AI

Surveillance Measure for Securities under Insolvency and Bankruptcy Code

Official title

Surveillance Measure for securities under IBC

Official record

AI-prepared change brief

What changed

BSE has updated the list of securities subject to the Additional Surveillance Measure (ASM) framework for companies undergoing the Insolvency Resolution Process (IRP) under the Insolvency and Bankruptcy Code (IBC). Effective August 11, 2026, specific securities have been added to the framework, while others have been removed. Additionally, the exchange has provided a list of securities classified under the IBC framework due to non-promoter holding falling below 25% post-recommencement. This framework operates in conjunction with other existing surveillance measures. The exchange clarifies that this shortlisting is a market surveillance action and not an adverse measure against the affected entities. Securities exiting the framework will have their price bands reinstated, provided they are not subject to other surveillance measures.

Who is affected: Trading members and market participants
Required action: Market participants must note the updated list of securities under the IBC surveillance framework.
Key dates: Effective date for inclusion and removal of securities under the IBC framework — 10 Aug 2026
Thresholds: Securities are classified under the IBC framework post-recommencement if non-promoter holding is less than 25%.
Consequences: Securities moving out of the framework will have their price bands reinstated to the levels applicable before shortlisting, unless other surveillance measures apply.

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Source details

Source: BSE Ltd (Bombay Stock Exchange)
Type: notice
Published by source: 10 Aug 2026
Document number: 20260810-32
Issuing division: DOSS
Effective date: 10 Aug 2026
Coverage area: securities

Document text

Prepared for reading; wording retained from the source.

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NOTICE


Notice No.	20260810-32
Notice Date	10 Aug 2026
Category	Trading
Segment	Equity
Department	DOSS
Subject	Surveillance Measure for securities under IBC
Attachments	ANNEXURE_IBC

Content

With reference to the Exchange notice no. 20180608-34 dated June 08, 2018, Exchange notice no. 20220520-52 dated May 20, 2022, Exchange notice no. 20230210-55 dated February 10, 2023, Exchange notice no. 20250905-47 dated September 05, 2025 and Exchange notice no. 20260807-39 dated August 07, 2026 in respect of Additional Surveillance Measure for Companies relating to the Insolvency Resolution Process (IRP) as per Insolvency and Bankruptcy Code (IBC).

Members are hereby requested to note that the securities as per attached Annexure I have satisfied the criteria under Additional Surveillance Measure for Companies relating to the Insolvency Resolution Process (IRP) as per Insolvency and Bankruptcy Code (IBC) with effect from August 11, 2026.

Securities which are placed under the above-mentioned Framework would be reviewed on periodical basis. The list of securities which are moving out from IBC Framework, w.e.f. August 11, 2026 is given in Annexure II.

For ready reference, consolidated list of securities under the Framework is attached as Annexure III.

Further, the list of securities that are classified under IBC post recommencement due to Non-Promoter Holding (NPH) being less than 25% is provided in Annexure IV.

Market participants may note that above Framework shall be in conjunction with all other prevailing surveillance measures being imposed by the Exchanges from time to time.

Also, it may also be noted that the shortlisting of securities under aforesaid Framework is purely on account of market surveillance, and it should not be construed as an adverse action against the concerned company/entity.

The Price Band of a scrip moving out of the framework shall be reinstated to the Price Band applicable to that scrip before it got shortlisted under the respective framework. This will be subject to the scrip not being shortlisted or part of any other Surveillance measure, in which case, the price band of the relevant surveillance framework will prevail.

In case of any clarifications, members may write to us at bse.surv@bseindia.com

For & On behalf of BSE Ltd.

Sanjay Jain Deputy Vice President Surveillance

Arpita Joshi Manager Surveillance

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