NSE13 Aug 2026circularPrepared by Complied AI

Applicability of Additional Surveillance Measure under IBC

NSE circular NSE/SURV/ 75765 · 13 Aug 2026

The National Stock Exchange of India Limited updates the list of securities under the Additional Surveillance Measure for companies under the Insolvency and Bankruptcy Code. Annexure I lists securities that satisfy the criteria for inclusion. Annexure II lists securities that satisfy the exclusion criteria. These measures apply in addition to other existing surveillance measures. The exchange reinstates the original price band for securities that move out of the framework. This reinstatement depends on the absence of other surveillance measures. The exchange states that this shortlisting is a market surveillance action. It is not an adverse action against the company or entity.

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What changed

Who is affected: All NSE members
Required action: Members must note the securities listed in Annexure I and Annexure II regarding the Additional Surveillance Measure.
Key dates: Effective date for inclusion of securities in Annexure I — 16 Aug 2026
Consequences: The exchange reinstates the price band for a scrip that moves out of the framework if no other surveillance measure applies.

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Source details

Source: National Stock Exchange of India
Type: circular
Published by source: 13 Aug 2026
Document number: NSE/SURV/ 75765
Issuing division: SURVEILLANCE
Effective date: 16 Aug 2026
Coverage area: securities

Document text

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National Stock Exchange of India Limited

Circular

Department: SURVEILLANCE
Download Ref No: NSE/SURV/ 75765	Date: August 14, 2026
Circular Ref. No: 626/2026

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 August 17, 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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