Surveillance Measure for securities under IBC

BSE updates the list of securities under the Additional Surveillance Measure for companies undergoing the Insolvency Resolution Process. The exchange adds new securities to the framework and removes others effective August 13, 2026. Market participants must note that these measures apply alongside other existing surveillance rules. The exchange reviews these securities on a periodic basis. Securities that exit the framework return to their previous price bands unless other surveillance measures apply. This classification results from market surveillance and does not represent an adverse action against the entity. Members may contact the exchange for clarifications.

Official record

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What changed

BSE updates the list of securities under the Additional Surveillance Measure for companies undergoing the Insolvency Resolution Process. The exchange adds new securities to the framework and removes others effective August 13, 2026. Market participants must note that these measures apply alongside other existing surveillance rules. The exchange reviews these securities on a periodic basis. Securities that exit the framework return to their previous price bands unless other surveillance measures apply. This classification results from market surveillance and does not represent an adverse action against the entity. Members may contact the exchange for clarifications.

Who is affected
  • Market participants and trading members
Required action
  • Note the updated list of securities under the Additional Surveillance Measure framework.
Key dates
  • Effective date for inclusion and exclusion of securities — 12 Aug 2026
Consequences
  • Securities exiting the framework revert to their previous price bands unless other surveillance measures apply.

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Source details

Source
BSE Ltd (Bombay Stock Exchange)
Type
notice
Published by source
11 Aug 2026
Document number
20260812-40
Issuing division
DOSS
Effective date
12 Aug 2026
Coverage area
securities

Document text

Prepared for reading; wording retained from the source.

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NOTICE

Notice No.20260812-40
Notice Date12 Aug 2026
CategoryTrading
SegmentEquity
DepartmentDOSS
SubjectSurveillance Measure for securities under IBC
AttachmentsANNEXURE_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 13, 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 13, 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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