Description

BSE revises price bands for 22 scrips ranging from 2% to 20%, effective from November 19, 2025, impacting trading limits for securities under surveillance.

Summary

BSE has revised price bands for 22 securities effective November 19, 2025. The price bands range from 2% to 20%, replacing existing levels. These changes are part of surveillance measures to control volatility in specific scrips. Trading members are required to comply with the new price band limits from the effective date.

Key Points

  • 22 scrips affected with revised price bands effective November 19, 2025
  • Price bands range from 2% (most restrictive) to 20% (least restrictive)
  • Two scrips (Hindustan Appliances Ltd, Jetmall Spices and Masala Ltd) have 2% price band
  • Five scrips have 20% price band (Game Changers Texfab, Kama Holdings, Parshva Enterprises, Unipro Technologies, Vandan Foods)
  • Majority of scrips (10 securities) have 5% price band
  • Changes implemented as part of BSE surveillance measures
  • Contact: bse.surv@bseindia.com for clarifications

Regulatory Changes

Price band revisions represent enhanced surveillance measures on specific securities. The bands limit maximum daily price movement, with tighter bands (2-5%) indicating higher regulatory scrutiny. Companies affected include those in various sectors: finance, technology, construction, retail, and healthcare.

Complete List of Revised Price Bands:

  • 2% Band: Hindustan Appliances Ltd (531918), Jetmall Spices and Masala Ltd (543286)
  • 5% Band: Bhagyanagar India Ltd (512296), Decillion Finance Ltd (539190), Fischer Medical Ventures Ltd (524743), Garnet Construction Ltd (526727), Global Longlife Hospital and Research Ltd (543520), Khandelwal Extractions Ltd (519064), Mid East Portfolio Management Ltd (526251), S&S Power Switchgear Ltd (517273), Sharp Investments Ltd (538212), Unifinz Capital India Ltd (541358)
  • 10% Band: Billionbrains Garage Ventures Ltd (544603), Catvision Ltd (531158), Croissance Ltd (531909), GB Logistics Commerce Ltd (544348), Sizemasters Technology Ltd (513496)
  • 20% Band: Game Changers Texfab Ltd (544594), Kama Holdings Ltd (532468), Parshva Enterprises Ltd (542694), Unipro Technologies Ltd (540189), Vandan Foods Ltd (544436)

Compliance Requirements

  • Trading members must enforce revised price bands from November 19, 2025
  • Orders exceeding the price band limits will be rejected
  • Trading systems must be updated to reflect new band percentages
  • Members should inform clients about trading restrictions on affected securities
  • All queries to be directed to bse.surv@bseindia.com

Important Dates

  • Notice Date: November 18, 2025
  • Effective Date: November 19, 2025

Impact Assessment

Market Impact: Medium - affects trading liquidity and volatility for 22 securities. Tighter price bands (2-5%) will significantly restrict intraday price movements, potentially reducing trading volumes in these scrips.

Investor Impact: Investors holding or trading these securities will face limited ability to enter/exit positions at desired prices. Scrips with 2% bands will have severely restricted price discovery.

Operational Impact: Trading members must update systems and risk management parameters. Enhanced monitoring required for orders in these securities to prevent rejections.

Surveillance Context: The variation in price bands (2% to 20%) suggests differentiated risk profiles, with tighter bands applied to securities exhibiting higher volatility or other surveillance concerns.

Impact Justification

Price band changes affect trading flexibility for 22 securities, indicating heightened surveillance measures. Impact limited to specific scrips under monitoring.