Surveillance Measure for Securities under Insolvency and Bankruptcy Code
BSE notice 20260910-49 · 10 Sept 2026
Official title
Surveillance Measure for securities under IBC
Official record
Open source pageSummary
Check the official recordWhat changed
BSE implements surveillance measures for specific securities under the Insolvency Resolution Process as per the Insolvency and Bankruptcy Code. The exchange identifies securities that meet the criteria for the Additional Surveillance Measure framework. These securities are subject to periodic review. The exchange provides lists of securities entering the framework, leaving the framework, and those classified due to low non-promoter holding. This framework operates alongside other existing surveillance measures. The price band for securities that exit the framework reverts to the previous applicable band, unless other surveillance measures apply. This action is a market surveillance measure and does not represent adverse action against the companies.
What you must do
- Members must note the securities listed in the annexures that are subject to the surveillance framework.
Key dates
- Effective from
- 11 Sept 2026
Document text
[Image omitted. See the official document.]
NOTICE
| Notice No. | 20260910-49 |
|---|---|
| Notice Date | 10 Sep 2026 |
| Category | Trading |
| Segment | Equity |
| Department | DOSS |
| Subject | Surveillance Measure for securities under IBC |
| Attachments | ANNEXURE_IBC |
[Image omitted. See the official document.]
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 September 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. September 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 | Arpita Joshi |
|---|---|
| Deputy Vice President | Manager |
| Surveillance | Surveillance |
Source details
- Source
- BSE Ltd (Bombay Stock Exchange)
- Type
- notice
- Published by source
- 10 Sept 2026
- Document number
- 20260910-49
- Issuing division
- DOSS
- Effective date
- 11 Sept 2026
- Coverage area
- securities