The Bombay Stock Exchange (BSE) on July 15, 2024, issued surveillance measures for securities under IBC.
The following has been stated namely: -
• It is in reference to the Exchange notice no. 20180608-34 dated June 08, 2018, and Exchange notice no. 20220520-52 dated May 20, 2022, regarding Additional Surveillance Measure for Companies as per Insolvency and Bankruptcy Code (IBC).
• It states that the securities as per attached Annexure I have satisfied the criteria under ASM for Companies as per the Insolvency and Bankruptcy Code (IBC) with effect from July 16, 2024.
• It states that the list of securities which are moving out from the IBC Framework, w.e.f. July 16, 2024, is given in Annexure II, and a consolidated list of securities under the Framework is attached in Annexure III.
• It mentions that the shortlisting of securities under the Framework is purely on account of market surveillance, and it shall not be construed as an adverse action against the concerned company/entity.
Kindly refer to the attached document for the above-mentioned annexures.
[Circular no. - 20240715-33]
