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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 3, 2026, specific securities have been added to the framework, while others have been removed. Securities removed from the framework will have their price bands reinstated to their pre-shortlisting levels, provided they are not subject to other surveillance measures. This framework operates in conjunction with existing exchange surveillance protocols. The exchange clarifies that inclusion in this list is a market surveillance action and does not constitute an adverse finding against the affected entities.
What you must do
Key dates
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| Notice No. | 20260731-29 |
| Notice Date | 31 Jul 2026 |
| Category | Trading |
| Segment | Equity |
| Department | DOSS |
| Subject | Surveillance Measure for securities under IBC |
| Attachments | ANNEXURE_IBC |
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 and Exchange notice no. 20250905-47 dated September 05, 2025 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 03, 2026.
Securities which are placed under the above-mentioned Framework would be reviewed on periodical basis. Further, the list of securities which are moving out from IBC Framework, w.e.f. August 03, 2026 is given in Annexure II.
For ready reference, consolidated list of securities under the Framework is attached as Annexure III.
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
