07/18/2025 | Press release | Distributed by Public on 07/18/2025 07:52
Notice No. | 20250718-46 | Notice Date | 18 Jul 2025 | |||
Category | Trading | Segment | Equity | |||
Subject | Surveillance Measure for securities under IBC | |||||
Attachments | ANNEXURES_IBC.xls ; | |||||
Content |
With reference to the Exchange notice no. 20180608-34 dated June 08, 2018, and Exchange notice no. 20220520-52 dated May 20, 2022, in respect of Additional Surveillance Measure for Companies relating to the Insolvency Resolution Process (IRP) 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 Additional Surveillance Measure for Companies relating to the Insolvency Resolution Process (IRP) as per Insolvency and Bankruptcy Code (IBC) with effect from July 21, 2025. <_o3a_p>
Securities which are placed under the above-mentioned Framework would be reviewed on periodical basis. Further, the list of securities which are moving out from IBC Framework, w.e.f. July 21, 2025 is given in Annexure II.<_o3a_p>
For ready reference, consolidated list of securities under the Framework is attached as Annexure III.<_o3a_p>
Market participants may note that above Framework shall be in conjunction with all other prevailing surveillance measures being imposed by the Exchanges from time to time.<_o3a_p>
Also, it may also be noted that the shortlisting of securities under aforesaid Framework is purely on account of market surveillance, and it should not be construed as an adverse action against the concerned company/entity.<_o3a_p>
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.<_o3a_p>
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In case of any clarifications, members may write to us at bse.surv@bseindia.com<_o3a_p>
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For & On behalf of BSE Ltd.<_o3a_p>
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<_o3a_p>
Niraj Angur Arpita Joshi<_o3a_p>
Assistant Vice President Manager<_o3a_p>
Surveillance Surveillance<_o3a_p>
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July 18, 2025<_o3a_p>