Description
BSE revises price bands for 9 equity scrips with effect from November 25, 2025, including reductions to 2% bands for Gautam Exim, MSR India, and Yuranus Infrastructure.
Summary
BSE has revised price bands for 9 equity scrips effective from November 25, 2025. The changes include tightening of price bands to as low as 2% for three companies (Gautam Exim, MSR India, and Yuranus Infrastructure), indicating increased surveillance measures. Price bands range from 2% to 20% depending on the scrip.
Key Points
- 9 scrips subject to revised price bands effective November 25, 2025
- Most restrictive 2% price bands applied to: Gautam Exim Ltd, MSR India Ltd, and Yuranus Infrastructure Ltd
- 5% price bands for: Catvision Ltd, Mayur Leather Products Ltd, and Securekloud Technologies Ltd
- 10% price bands for: Gopal Iron & Steels Company Gujarat Ltd and Mangalam Drugs & Organics Ltd
- Widest 20% price band for: EL CID Investments Ltd
- Notice issued by BSE Surveillance Department
- Clarifications to be directed to bse.surv@bseindia.com
Affected Securities
| Sr. No. | Scrip Code | Company Name | Revised Price Band |
|---|---|---|---|
| 1 | 531158 | Catvision Ltd | 5% |
| 2 | 503681 | EL CID Investments Ltd | 20% |
| 3 | 540613 | Gautam Exim Ltd | 2% |
| 4 | 531913 | Gopal Iron & Steels Company Gujarat Ltd | 10% |
| 5 | 532637 | Mangalam Drugs & Organics Ltd | 10% |
| 6 | 531680 | Mayur Leather Products Ltd | 5% |
| 7 | 508922 | MSR India Ltd | 2% |
| 8 | 512161 | Securekloud Technologies Ltd | 5% |
| 9 | 536846 | Yuranus Infrastructure Ltd | 2% |
Regulatory Changes
This circular implements price band revisions as part of BSE’s surveillance measures. Price bands limit the maximum price movement allowed in a single trading session, serving as a circuit breaker mechanism to control excessive volatility and protect investors.
Compliance Requirements
- Trading members must ensure orders comply with revised price bands from November 25, 2025
- All trading systems must be updated to reflect new price band parameters
- Risk management systems should be adjusted for the affected scrips
- Members requiring clarification should contact bse.surv@bseindia.com
Important Dates
- Notice Date: November 24, 2025
- Effective Date: November 25, 2025
Impact Assessment
Trading Impact: The revised price bands will restrict intraday price movements for the affected scrips. Stocks with 2% bands will have significantly limited volatility, which may impact liquidity and day-trading strategies.
Market Participants: Traders and investors in these scrips need to adjust their strategies, particularly for the three stocks with 2% bands (Gautam Exim, MSR India, Yuranus Infrastructure) which face the most restrictive trading environment.
Surveillance Implications: The tightening of price bands suggests these securities may be under enhanced surveillance due to concerns about unusual price movements, volatility, or other market integrity issues. The 2% band is among the most restrictive measures BSE applies.
Liquidity Considerations: Stricter price bands may reduce trading volumes and liquidity in affected scrips as the limited price movement reduces opportunities for short-term traders.
Impact Justification
Price band changes affect trading flexibility for 9 scrips, with stricter bands (2%) applied to 3 stocks indicating higher surveillance concern. Impacts liquidity and trading strategies for affected securities.