Description
BSE revises price bands for five scrips including Mangalam Drugs & Organics, Mangalam Industrial Finance, Omnitex Industries, Prabhhans Industries, and Shining Tools effective November 28, 2025.
Summary
BSE has revised price bands for five scrips under surveillance measures effective November 28, 2025. The changes include tightening price bands to ranges between 2% and 10%, reflecting enhanced monitoring of these securities.
Key Points
- Five scrips affected with revised price bands effective November 28, 2025
- Mangalam Drugs & Organics Ltd (532637): Price band revised to 5%
- Mangalam Industrial Finance Ltd (537800): Price band revised to 5%
- Omnitex Industries India Ltd (514324): Price band revised to 2% (most restrictive)
- Prabhhans Industries Ltd (530361): Price band revised to 5%
- Shining Tools Ltd (544607): Price band revised to 10%
- Members can seek clarification at bse.surv@bseindia.com
Regulatory Changes
This circular represents surveillance action by BSE to modify price band restrictions from their existing levels. Tighter price bands limit the maximum price movement allowed in a single trading session, reducing volatility and speculative trading in these scrips.
Compliance Requirements
- Trading members must ensure compliance with revised price bands from November 28, 2025
- All trades in affected scrips must adhere to new percentage limits
- Members requiring clarification should contact BSE Surveillance at bse.surv@bseindia.com
Important Dates
- Circular Issue Date: November 27, 2025
- Effective Date: November 28, 2025
Impact Assessment
Market Impact: Limited to five specific scrips, primarily affecting traders and investors in these securities. The tightened price bands will restrict intraday price movements and reduce volatility.
Trading Impact: Traders must adjust strategies to accommodate narrower price bands. Omnitex Industries faces the most restrictive 2% band, significantly limiting price discovery and liquidity.
Investor Impact: Existing shareholders may experience reduced liquidity and difficulty exiting positions quickly. The surveillance measures suggest potential concerns regarding price volatility or unusual trading patterns in these securities.
Impact Justification
Affects trading parameters for five specific scrips with tightened price bands indicating increased surveillance, but limited to small-cap companies with restricted impact on broader market