Applicability of Additional Surveillance Measure under IBC
NSE circular NSE/SURV/ 75926 · 24 Aug 2026
Official record
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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 satisfy the ASM criteria. Annexure II lists securities that satisfy the exclusion criteria. These measures take effect on August 25, 2026. The ASM IBC framework operates with other existing surveillance measures. The shortlisting of securities results from market surveillance. It 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 for the Additional Surveillance Measure.
Key dates
- Effective from
- 25 Aug 2026
- Effective date for ASM criteria application
Document text
[Image omitted. See the official document.] [Image omitted. See the official document.]
National Stock Exchange of India Limited
Circular
| Department: SURVEILLANCE | |
|---|---|
| Download Ref No: NSE/SURV/ 75926 | Date: August 24, 2026 |
| Circular Ref. No: 648/2026 |
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 25, 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
Amit Shinde
Chief Manager
Surveillance
Source details
- Source
- National Stock Exchange of India
- Type
- circular
- Published by source
- 24 Aug 2026
- Document number
- NSE/SURV/ 75926
- Issuing division
- SURVEILLANCE
- Effective date
- 25 Aug 2026
- Coverage area
- securities