Applicability of Additional Surveillance Measure under IBC
NSE circular 605/2026 · 07 Aug 2026
Official record
Open source pageSummary
Check the official recordWhat changed
The National Stock Exchange of India has updated the list of securities subject to the Additional Surveillance Measure (ASM) framework for companies undergoing proceedings under the Insolvency and Bankruptcy Code (IBC). Effective August 10, 2026, specific securities listed in Annexure I are now included under the ASM IBC framework, while those in Annexure II have met the exclusion criteria and are removed. This surveillance measure operates alongside other existing exchange measures. The exchange clarifies that inclusion in the ASM IBC framework is a market surveillance action and does not constitute an adverse finding against the affected entities. For securities exiting the framework, price bands will revert to their previous status, provided no other surveillance measures apply.
What you must do
- Members are requested to note the inclusion and exclusion of securities under the ASM IBC framework.
Key dates
- Effective from
- 10 Aug 2026
Document text
National Stock Exchange of India Limited
Circular
| Department: SURVEILLANCE | |
|---|---|
| Download Ref No: NSE/SURV/75651 | Date: August 07, 2026 |
| Circular Ref. No: 605/2026 |
To All NSE Members
Sub: Applicability of Additional Surveillance Measure under IBC
This is with reference to Exchange Circular nos. NSE/SURV/37979 dated June 08, 2018, NSE/SURV/52368 dated May 20, 2022, NSE/SURV/55582 dated February 10, 2023 and NSE/SURV/70074 dated September 05, 2025 in respect of Additional Surveillance Measure for Companies 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 ASM for Companies as per Insolvency and Bankruptcy Code (IBC) with effect from August 10, 2026.
Further, securities as per attached Annexure II have satisfied the exclusion criteria applicable for ASM for Companies as per Insolvency and Bankruptcy Code (IBC).
Market participants may note that ASM IBC framework shall be in conjunction with all other prevailing surveillance measures being imposed by the Exchanges from time to time.
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 National Stock Exchange of India Limited shortlisted or part of any other Surveillance measure, in which case, the price band of the relevant surveillance framework will prevail.
Further, it may also be noted that the shortlisting of securities under ASM IBC is purely on account of market surveillance, and it should not be construed as an adverse action against the concerned company / entity.
In case of any further queries, you may write to us at surveillance@nse.co.in.
For National Stock Exchange of India Limited
Amit Shinde Chief Manager Surveillance
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Source details
- Source
- National Stock Exchange of India
- Type
- circular
- Published by source
- 07 Aug 2026
- Document number
- 605/2026
- Issuing division
- SURVEILLANCE
- Effective date
- 10 Aug 2026
- Coverage area
- securities