Description

BSE announces revised price bands for 13 securities ranging from 2% to 20%, effective November 20, 2025, impacting trading parameters for these scrips.

Summary

BSE has announced revisions to price bands for 13 securities, effective from November 20, 2025. The price bands range from 2% to 20%, indicating different levels of trading restrictions based on surveillance measures. These changes will limit the maximum price movement allowed for these securities during trading sessions.

Key Points

  • 13 securities will have revised price bands effective November 20, 2025
  • Price bands range from 2% (most restrictive) to 20% (least restrictive)
  • Two securities (GSB Finance Ltd and Prerna Infrabuild Ltd) receive the tightest 2% band
  • Vardhman Holdings Ltd receives the widest 20% band
  • Changes are part of BSE’s surveillance measures
  • Trading members are required to implement these changes in their systems

Regulatory Changes

The price band changes represent surveillance measures applied to specific securities. The varying levels of restriction (2%, 5%, 10%, 20%) indicate different degrees of volatility concerns or surveillance requirements for each security.

Compliance Requirements

  • Trading members must implement revised price bands in their trading systems before November 20, 2025
  • All trades in the affected securities must comply with the new price band limits
  • Members requiring clarifications should contact bse.surv@bseindia.com

Important Dates

  • Notice Date: November 19, 2025
  • Effective Date: November 20, 2025

Impact Assessment

Market Impact: Medium - The revised price bands will restrict intraday price movements for 13 securities, potentially reducing volatility but also limiting trading opportunities. Securities with tighter bands (2% and 5%) will experience more significant trading restrictions.

Affected Securities and Price Bands:

  • 2% Band: GSB Finance Ltd (511543), Prerna Infrabuild Ltd (531802)
  • 5% Band: Comrade Appliances Ltd (543921), DAPS Advertising Ltd (543651), Phaarmasia Ltd (523620), Shardul Securities Ltd (512393)
  • 10% Band: Danube Industries Ltd (540361), Garnet International Ltd (512493), Safecure Services Ltd (544596), Shanti Educational Initiatives Ltd (539921), Shreyas Intermediates Ltd (526335)
  • 20% Band: Annvrridhhi Ventures Limited (751056), Vardhman Holdings Ltd (500439)

Operational Impact: Trading systems must be updated to reflect new price bands, and investors should be aware of the increased or decreased trading flexibility depending on the security.

Impact Justification

Price band revisions significantly restrict trading flexibility for 13 securities, with bands ranging from 2% to 20%, indicating varying levels of volatility concerns and surveillance measures.