Description
BSE has published an updated list of 39 securities subject to the Add-on Price Band Framework, a surveillance measure that restricts price movements beyond normal circuit filters.
Summary
BSE has issued an updated list of 39 securities that are subject to the Add-on Price Band Framework, a heightened surveillance measure. This framework imposes additional price movement restrictions beyond the normal daily circuit filters, limiting the trading range for these securities. The list includes companies across various sectors that have been identified for enhanced monitoring due to specific market behavior or compliance concerns.
Key Points
- 39 securities are currently under the Add-on Price Band Framework
- Securities span multiple sectors including manufacturing, finance, infrastructure, and technology
- Add-on price bands restrict price movements beyond normal circuit limits
- This is a surveillance measure to control excessive volatility or speculative trading
- Complete list includes scrip codes, ISIN numbers, and company names
- Investors should exercise caution when trading these securities
Regulatory Changes
This circular provides an updated list of securities under the existing Add-on Price Band Framework. No new regulatory changes are introduced; this is a periodic update of the securities list subject to this surveillance mechanism.
Compliance Requirements
- Trading members must ensure awareness of the add-on price band restrictions for these securities
- Brokers should inform clients about the limited trading ranges applicable to these stocks
- Orders for these securities will be subject to additional price band validations
- Market participants must comply with the restricted price movement limits when placing orders
Important Dates
- Circular Date: December 1, 2025
- Effective Date: Immediate (securities currently under surveillance)
Impact Assessment
Trading Impact: High - The add-on price band framework significantly restricts intraday price movements, reducing trading flexibility and potentially impacting liquidity for these 39 securities. Investors may find it difficult to execute large orders or exit positions quickly.
Investor Impact: High - Retail and institutional investors holding positions in these securities face limited price discovery and reduced trading opportunities. This surveillance measure signals heightened risk or irregularities in these stocks.
Market Impact: Medium - While affecting 39 specific securities, the overall market impact is contained. However, it serves as a warning signal for market participants about potential concerns with these companies.
Securities Affected
The framework applies to 39 companies including Apis India Ltd, Artificial Electronics Intelligent Material Ltd, Arunis Abode Ltd, Autoriders International Ltd, Bhudevi Infra Projects Ltd, Bits Ltd, Chambal Breweries & Distilleries Ltd, Chandrima Mercantiles Ltd, Checkpoint Trends Ltd, Corporate Merchant Bankers Ltd, Covance Softsol Ltd, Covidh Technologies Ltd, Dugar Housing Developments Ltd, East India Drums and Barrels Manufacturing Ltd, Eyantra Ventures Ltd, Filtron Engineers Ltd, GDL Leasing & Finance Ltd, Genesis Ibrc India Ltd, GTT Data Solutions Ltd, Hem Holdings & Trading Ltd, Hindustan Appliances Ltd, Imec Services Ltd, Indian Link Chain Manufacturers Ltd, Integrated Industries Ltd, iStreet Network Ltd, Mardia Samyoung Capillary Tubes Company Ltd, Narmada Macplast Drip Irrigation Systems Ltd, Omansh Enterprises Ltd, Oswal Overseas Ltd, RR Financial Consultants Ltd, SER Industries Ltd, SMT Engineering Ltd, Sobhagya Mercantile Ltd, Sri Chakra Cement Ltd, Stellant Securities (India) Ltd, Swadeshi Industries & Leasing Ltd, Taparia Tools Ltd, Tirth Plastic Ltd, and Vega Jewellers Ltd.
Impact Justification
High severity surveillance measure affecting 39 securities with restricted price movements, significantly impacting trading liquidity and investor access to these stocks.