Applicability of Additional Surveillance Measure under IBC
NSE circular NSE/SURV/ 76583 · 28 Sept 2026
Official record
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The National Stock Exchange of India Limited updates the list of securities under the Additional Surveillance Measure (ASM) framework for companies undergoing the Insolvency and Bankruptcy Code (IBC) process. Annexure I lists securities that meet the ASM criteria. Annexure II lists securities that meet the exclusion criteria. These measures apply in addition to other existing surveillance measures. The exchange performs this shortlisting for market surveillance purposes. This action does not represent an adverse action against the affected companies or entities. The new measures take effect on September 29, 2026.
What you must do
- Members must note the securities listed in Annexure I and Annexure II regarding the ASM framework.
Key dates
- Effective from
- 29 Sept 2026
- Effective date of ASM criteria application
Document text
National Stock Exchange of India Limited
Circular
| Department: SURVEILLANCE | |
|---|---|
| Download Ref No: NSE/SURV/ 76583 | Date: September 28, 2026 |
| Circular Ref. No: 747/2026 |
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 and NSE/SURV/75652 dated August 07, 2026 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 September 29, 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.
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
Sareesh Koroth
Associate Vice President
Surveillance
Source details
- Source
- National Stock Exchange of India
- Type
- circular
- Published by source
- 28 Sept 2026
- Document number
- NSE/SURV/ 76583
- Issuing division
- SURVEILLANCE
- Effective date
- 29 Sept 2026
- Coverage area
- securities