Description
BSE revises price bands for five scrips including Advent Hotels International Ltd (20%), Magellanic Cloud Ltd (10%), Mega Nirman and Industries Ltd (5%), SVP Global Textiles Ltd (10%), and TUNI Textile Mills Ltd (20%) effective from November 27, 2025.
Summary
BSE has revised price bands for five securities effective from November 27, 2025. The changes include widening price bands for Advent Hotels International Ltd and TUNI Textile Mills Ltd to 20%, tightening Mega Nirman and Industries Ltd to 5%, and setting Magellanic Cloud Ltd and SVP Global Textiles Ltd at 10%. These revisions are surveillance measures to manage price volatility in these scrips.
Key Points
- Five securities subject to revised price bands effective November 27, 2025
- Advent Hotels International Ltd (Scrip Code: 544446) - Price band revised to 20%
- Magellanic Cloud Ltd (Scrip Code: 538891) - Price band revised to 10%
- Mega Nirman and Industries Ltd (Scrip Code: 539767) - Price band revised to 5%
- SVP Global Textiles Ltd (Scrip Code: 505590) - Price band revised to 10%
- TUNI Textile Mills Ltd (Scrip Code: 751058) - Price band revised to 20%
- Notice issued by BSE Surveillance Department
- Clarifications can be sought at bse.surv@bseindia.com
Regulatory Changes
No new regulatory framework changes. This circular implements existing surveillance mechanisms through price band adjustments to control excessive volatility and ensure orderly trading in specific securities.
Compliance Requirements
- Trading members must implement revised price bands from November 27, 2025
- All trades in affected scrips must comply with new price band limits
- Trading systems must be updated to reflect revised price movement restrictions
- Members requiring clarification should contact BSE Surveillance at bse.surv@bseindia.com
Important Dates
- Notice Date: November 26, 2025
- Effective Date: November 27, 2025 - Revised price bands become applicable
Impact Assessment
Market Impact: The revised price bands will restrict intraday price movements for these five securities, with the tightest control (5% band) on Mega Nirman and Industries Ltd and widest bands (20%) on Advent Hotels International Ltd and TUNI Textile Mills Ltd. This may reduce trading volumes and liquidity in these scrips while preventing excessive volatility.
Trading Impact: Investors and traders in these securities will experience limited price discovery within the specified bands. The 5% band on Mega Nirman and Industries Ltd indicates significant surveillance concerns, while 20% bands suggest these securities can handle wider price fluctuations.
Operational Impact: Trading members must update their risk management systems and inform clients trading in these securities about the revised movement limits before market opening on November 27, 2025.
Impact Justification
Price band revisions affect trading flexibility for five securities, with bands ranging from 5% to 20%, indicating varying levels of surveillance measures to control volatility