Description
BSE announces revised price band limits for 31 scrips including Alan Scott Enterprises, Mcleod Russel India, and others, with bands ranging from 2% to 20%, effective from December 1, 2025.
Summary
BSE has announced revisions to price bands for 31 securities, effective December 1, 2025. The revised bands range from 2% to 20%, representing tightened or adjusted trading limits. These changes are surveillance measures to control price volatility in specific scrips, including companies like Alan Scott Enterprises (2%), Mcleod Russel India (5%), Oceanic Foods (20%), and Trescon (10%).
Key Points
- 31 securities will have revised price bands effective December 1, 2025
- Price band percentages range from 2% (most restrictive) to 20% (least restrictive)
- Majority of securities (22 out of 31) have 5% price band
- 3 securities have 2% band: Alan Scott Enterprises, Emergent Industrial Solutions
- 5 securities have 10% band: Captain Technocast, Gilada Finance, Trescon, Tuni Textile Mills, Varvee Global
- 1 security has 20% band: Oceanic Foods
- Changes implemented under BSE Surveillance division
- Trading members notified via Notice No 20251128-48
Regulatory Changes
Price band revisions are surveillance measures under BSE’s market oversight framework. Price bands limit the maximum price movement (up or down) allowed in a single trading session. Tighter bands (2%-5%) indicate higher surveillance concern, while wider bands (10%-20%) allow more price discovery. These revisions typically respond to volatility patterns, liquidity concerns, or compliance issues.
Compliance Requirements
- Trading members must update their systems to reflect new price band limits by December 1, 2025
- Orders exceeding revised price bands will be rejected starting December 1, 2025
- Members should ensure clients are informed about trading restrictions on affected securities
- For clarifications, members may contact BSE Surveillance at bse.surv@bseindia.com
- No action required from investors, but awareness of trading limits is recommended
Important Dates
- November 28, 2025: Notice issued
- December 1, 2025: Revised price bands take effect
Impact Assessment
Market Impact: Moderate. The 31 affected securities represent a small fraction of BSE-listed stocks, limiting systemic impact. However, investors and traders in these specific scrips will experience restricted price movements.
Trading Impact: High for affected securities. Tighter price bands (2%-5%) will significantly limit intraday volatility, potentially reducing liquidity and making large trades more difficult. The 2% band on Alan Scott Enterprises and Emergent Industrial Solutions indicates heightened surveillance concerns.
Investor Impact: Medium. Long-term investors are minimally affected, but day traders and short-term traders will face constraints. Oceanic Foods with 20% band has the most trading flexibility among the list.
Operational Impact: Trading members must update risk management systems and notify clients. Automated trading systems require reconfiguration to prevent order rejections.
Impact Justification
Affects 31 securities with varying price band restrictions (2%-20%), primarily impacting trading volatility controls for surveillance-listed stocks, with moderate market-wide significance.