Applicability of Additional Surveillance Measure under IBC · NSE/SURV/74800
NSE circular NSE/SURV/74800 · 19 Jun 2026
Official record
Open source pageSummary
Check the official recordWhat changed
The National Stock Exchange of India Limited updates the list of securities under the Additional Surveillance Measure (ASM) framework for companies under the Insolvency and Bankruptcy Code (IBC). Annexure I lists securities that meet the ASM criteria. Annexure II lists securities that meet the exclusion criteria. This framework operates with other existing surveillance measures. The Exchange reinstates the original price band for securities that exit the framework unless other surveillance measures apply. This shortlisting is a market surveillance action and does not represent an adverse action against the company or entity.
What you must do
- Members must note the securities listed in Annexure I and Annexure II regarding the ASM framework.
Key dates
- Effective from
- 22 Jun 2026
- Effective date for ASM criteria application
Document text
[Image omitted. See the official document.]
National Stock Exchange of India Limited
Circular
| Department: SURVEILLANCE | |
|---|---|
| Download Ref No: NSE/SURV/74800 | Date: June 19, 2026 |
| Circular Ref. No: 459/2026 |
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 June 22, 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 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.
[Image omitted. See the official document.]
National Stock Exchange of India Limited
For National Stock Exchange of India Limited
Binoy Yohannan Vice President Surveillance
Source details
- Source
- National Stock Exchange of India
- Type
- circular
- Published by source
- 19 Jun 2026
- Document number
- NSE/SURV/74800
- Issuing division
- SURVEILLANCE
- Effective date
- 22 Jun 2026
- Coverage area
- securities