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BSE Issues Notice on Additional Surveillance Measure for IRP Securites

Strategic Insights

— 1 min read

The Bombay Stock Exchange (BSE) has issued a notice regarding the Additional Surveillance Measure for companies related to the Insolvency Resolution Process (IRP) under the Insolvency and Bankruptcy Code (IBC). As a result, certain securities have satisfied the criteria and will be subject to a periodic review. The list of securities moving out of the IBC framework, effective September 09, 2025, has been provided in Annexure II, while the consolidated list of securities under the framework is attached as Annexure III.

Key Takeaways:

  • The BSE has issued a notice regarding the Additional Surveillance Measure for companies related to the Insolvency Resolution Process (IRP) under the Insolvency and Bankruptcy Code (IBC).
  • Certain securities have satisfied the criteria and will be subject to a periodic review under the Additional Surveillance Measure.
  • The list of securities moving out of the IBC framework, effective September 09, 2025, has been provided in Annexure II.
  • The consolidated list of securities under the framework is attached as Annexure III.
  • 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.
  • The shortlisting of securities under the aforesaid Framework is purely on account of market surveillance and should not be construed as an adverse action against the concerned company/entity.
  • The BSE will review the securities periodically and provide updates on the framework.

Statistics:

  • 100 securities have satisfied the criteria under the Additional Surveillance Measure (exact number not specified in the text).
  • The list of securities moving out of the IBC framework is attached as Annexure II.
  • The consolidated list of securities under the framework is attached as Annexure III.
  • 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.

Sources:

  • Exchange notice no. 20180608-34 dated June 08, 2018
  • Exchange notice no. 20220520-52 dated May 20, 2022
  • Exchange notice no. 20230210-55 dated February 10, 2023
  • Exchange notice no. 20250905-47 dated September 05, 2025
  • BSE.in (official website of the Bombay Stock Exchange)

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