Description

BSE revises price bands for 22 scrips with effect from November 19, 2025, with bands ranging from 2% to 20% based on surveillance measures.

Summary

BSE has revised price bands for 22 securities effective November 19, 2025, as part of surveillance measures. The revised price bands range from 2% to 20%, replacing their existing levels. Trading members are required to adhere to these new price band limits for the affected scrips.

Key Points

  • 22 scrips affected with revised price bands effective November 19, 2025
  • Price bands revised to: 2% (2 scrips), 5% (10 scrips), 10% (5 scrips), and 20% (5 scrips)
  • Most restrictive band of 2% applied to Hindustan Appliances Ltd and Jetmall Spices and Masala Ltd
  • Widest band of 20% applied to Game Changers Texfab Ltd, Kama Holdings Ltd, Parshva Enterprises Ltd, Unipro Technologies Ltd, and Vandan Foods Ltd (revised from original - only 4 stocks have 20%)
  • Notice issued by Surveillance Department
  • Clarifications to be directed to bse.surv@bseindia.com

Regulatory Changes

Price band percentages have been modified from existing levels to new surveillance-based limits. The changes represent tightening or adjustment of trading bands as part of BSE’s surveillance framework to control price volatility in specific securities.

Compliance Requirements

  • Trading members must enforce revised price bands from November 19, 2025
  • All trades in the 22 affected scrips must comply with new price band limits
  • Members should contact BSE Surveillance at bse.surv@bseindia.com for clarifications

Important Dates

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

Impact Assessment

The revised price bands will limit intraday price movements for the affected securities, potentially reducing volatility and speculative trading. Stocks with tighter bands (2-5%) will experience more restricted price discovery, while those with wider bands (20%) retain more flexibility. The measure primarily impacts retail investors and short-term traders in these specific securities, with minimal broader market impact given the relatively small number of affected stocks.

Impact Justification

Affects trading limits for 22 securities under surveillance measures, restricting price movement volatility but limited to specific stocks