BSE updates its insolvency surveillance list for companies under IBC
BSE has refreshed its Additional Surveillance Measure list for companies undergoing insolvency, effective May 25, 2026.
What changed
- BSE added new securities to the IBC surveillance framework.
- Certain securities have been removed from the framework.
- Trading members must apply trade-for-trade settlement and restricted price bands to newly added stocks.
The read
BSE is reshuffling the roster of companies under its insolvency surveillance framework. Effective May 25, 2026, the exchange is adding and removing specific securities from the list, which subjects affected stocks to tighter controls like trade-for-trade settlement and restricted price bands. These measures are designed to curb volatility in companies undergoing the Insolvency Resolution Process. While the exchange maintains that this is purely a surveillance exercise and not an adverse action, the impact on liquidity is real. Investors should check the consolidated list in Annexure III to see if their holdings are affected, as the transition to or from these surveillance tiers directly alters how these stocks can be traded.
Primary source: official circular (PDF)