Description

BSE revises price band limits for 20 securities including Bits Ltd, Chandrima Mercantiles Ltd, and others, effective from October 17, 2025.

Summary

BSE has announced revised price band limits for 20 securities effective from October 17, 2025. The price bands have been adjusted to various levels (2%, 5%, 10%, and 20%) as a surveillance measure. Trading members are required to adhere to these new price band restrictions when trading the affected securities.

Key Points

  • Price band revisions effective from October 17, 2025
  • 20 securities affected by this change
  • Price bands revised to 2%, 5%, 10%, or 20% depending on the security
  • Notice issued by BSE Surveillance department
  • Queries to be directed to bse.surv@bseindia.com

Affected Securities

2% Price Band:

  • Chandrima Mercantiles Ltd (540829)
  • Mirc Electronics Ltd (500279)
  • Titan Biotech Ltd (524717)
  • Triton Corp Ltd (523387)

5% Price Band:

  • Gujarat Lease Financing Ltd (500174)
  • Inter Globe Finance Ltd (511391)
  • Lyons Corporate Market Ltd (531441)
  • Onix Solar Energy Ltd (513119)
  • Raj Packaging Industries Ltd (530111)
  • Tasty Dairy Specialities Ltd (540955)
  • Titan Intech Ltd (521005)
  • Twamev Construction And Infrastructure Ltd (532738)

10% Price Band:

  • Bits Ltd (526709)
  • Earthstahl & Alloys Ltd (543765)
  • Garnet Construction Ltd (526727)

20% Price Band:

  • Chatterbox Technologies Ltd (544546)
  • Earkart Ltd (544549)
  • Gujarat Peanut And Agri Products Ltd (544548)
  • Jinkushal Industries Ltd (544547)
  • Telge Projects Ltd (544544)

Regulatory Changes

This circular implements tighter price band restrictions for the listed securities as part of BSE’s surveillance measures. Price bands limit the maximum percentage change in a security’s price during a trading session, serving as a circuit breaker mechanism to control excessive volatility.

Compliance Requirements

  • Trading members must enforce the revised price bands from October 17, 2025
  • Orders exceeding the new price band limits will be rejected
  • Trading systems must be updated to reflect the new price band parameters
  • Members should communicate these changes to their clients trading in affected securities

Important Dates

  • Notice Date: October 16, 2025
  • Effective Date: October 17, 2025

Impact Assessment

The revision of price bands to more restrictive levels (particularly 2% and 5% bands) indicates enhanced surveillance on these securities, likely due to concerns about volatility, liquidity, or other market integrity issues. Trading in these securities will be more constrained, potentially affecting liquidity and price discovery. Investors and traders should exercise caution and be aware that these restrictions may limit their ability to enter or exit positions at desired price levels during volatile market conditions.

Impact Justification

Price band changes affect trading flexibility for 20 securities, implemented as surveillance measure to control volatility. Impact limited to specific stocks rather than market-wide.