Description

BSE has announced revised price band limits for 13 securities ranging from 2% to 20%, effective from September 3, 2025.

Summary

BSE has revised the price band limits for 13 securities with effect from September 3, 2025. The revised price bands range from 2% to 20%, with most securities being moved to either 5% or 10% bands. These changes will affect the maximum daily price movement allowed for these securities during trading.

Key Points

  • Price bands revised for 13 equity securities effective September 3, 2025
  • New price band limits range from 2% (most restrictive) to 20% (least restrictive)
  • Icodex Publishing Solutions Ltd receives the widest band at 20%
  • Three securities placed in the most restrictive 2% band: Gratex Industries, Kesar Enterprises, and Sharma East India Hospitals
  • Seven securities assigned 5% price band limit
  • Three securities assigned 10% price band limit

Regulatory Changes

The following securities will have revised price band limits:

20% Band:

  • Icodex Publishing Solutions Ltd (544483)

10% Band:

  • Apollo Micro Systems Ltd (540879)
  • Emmforce Autotech Ltd (544166)
  • Kaushalya Infrastructure Development Corporation Ltd (532925)

5% Band:

  • Bharat Seats Ltd (523229)
  • Binny Mills Ltd (535620)
  • Cryogenic Ogs Ltd (544440)
  • Gujarat Credit Corporation Ltd (511441)
  • Humming Bird Education Ltd (542592)
  • Titan Biotech Ltd (524717)

2% Band:

  • Gratex Industries Ltd (526751)
  • Kesar Enterprises Ltd (507180)
  • Sharma East India Hospitals & Medical Research Ltd (524548)

Compliance Requirements

  • Trading members must update their systems to reflect the new price band limits before market opening on September 3, 2025
  • Members should ensure order management systems are configured with the revised price bands
  • Any clarifications regarding the changes should be directed to bse.surv@bseindia.com

Important Dates

  • Notice Date: September 2, 2025
  • Effective Date: September 3, 2025

Impact Assessment

The revision in price bands will impact trading volatility and liquidity for the affected securities. Securities with tighter bands (2% and 5%) may experience reduced intraday volatility but potentially lower liquidity, while those with wider bands (10% and 20%) will have greater flexibility for price discovery but increased potential for volatility. Traders and investors in these securities should adjust their trading strategies accordingly to account for the new price movement limits.

Impact Justification

Price band changes affect trading volatility limits for specific securities but impact is limited to 13 stocks