Description

BSE revises price bands for 26 scrips ranging from 2% to 20% effective December 15, 2025, including Coffee Day Enterprises, Kemistar Corporation, and others.

Summary

BSE has revised price bands for 26 securities effective from December 15, 2025. The revised price bands range from 2% to 20%, with varying levels of restrictions across different scrips. This measure is implemented under surveillance to control volatility and ensure orderly trading in these securities.

Key Points

  • Price band revisions effective from December 15, 2025
  • 26 scrips affected with bands ranging from 2% to 20%
  • Strictest band of 2% applied to Empower India Ltd
  • Most restrictive 20% band applied to 5 scrips: ADC India Communications, Captain Technocast, Coffee Day Enterprises, Kemistar Corporation, and Sangal Papers
  • 5% band applied to 13 scrips
  • 10% band applied to 7 scrips
  • Notice issued by BSE Surveillance Department

Regulatory Changes

Price band restrictions have been revised from existing levels for the following securities:

2% Price Band:

  • Empower India Ltd (504351)

5% Price Band:

  • Alphalogic Industries Ltd (543937)
  • Brijlaxmi Leasing & Finance Ltd (532113)
  • Esha Media Research Ltd (531259)
  • Explicit Finance Ltd (530571)
  • Gayatri BioOrganics Ltd (524564)
  • Global Longlife Hospital and Research Ltd (543520)
  • Maitri Enterprises Ltd (513430)
  • RR Financial Consultants Ltd (511626)
  • S&S Power Switchgear Ltd (517273)
  • Titan Intech Ltd (521005)
  • Trident Texofab Ltd (540726)
  • Uniroyal Marine Exports Ltd (526113)
  • Vaxfab Enterprises Ltd (542803)

10% Price Band:

  • Barak Valley Cements Ltd (532916)
  • Ironwood Education Ltd (508918)
  • Qualitek Labs Ltd (544091)
  • Sheetal Cool Products Ltd (540757)
  • Shree Rama Multi-Tech Ltd (532310)
  • VJTF Eduservices Ltd (509026)

20% Price Band:

  • ADC India Communications Ltd (523411)
  • Captain Technocast Ltd (540652)
  • Coffee Day Enterprises Ltd (539436)
  • Kemistar Corporation Ltd (531163)
  • Sangal Papers Ltd (516096)
  • BGIL Films & Technologies Ltd (511664)

Compliance Requirements

  • Trading members must adhere to the revised price bands for all affected securities
  • Orders placed outside the price band limits will be rejected
  • Members requiring clarification should contact BSE Surveillance at bse.surv@bseindia.com
  • Trading systems must be updated to reflect new price band percentages before the effective date

Important Dates

  • Notice Date: December 12, 2025
  • Effective Date: December 15, 2025
  • Notice Number: 20251212-55

Impact Assessment

Market Impact: The price band revisions indicate increased surveillance on these 26 securities, suggesting concerns about volatility or unusual price movements. Tighter bands will limit intraday price fluctuations and reduce speculative trading activity.

Trading Impact: Traders and investors in these securities will face restrictions on maximum price movement per trading session. The 2% band on Empower India Ltd is particularly restrictive, while the 20% bands allow relatively more flexibility.

Liquidity Impact: Stricter price bands may temporarily reduce liquidity as large orders may hit band limits. This could increase execution time for significant positions.

Investor Impact: Investors should be aware that these securities are under enhanced surveillance, which may indicate higher risk profiles or regulatory concerns requiring due diligence before trading.

Impact Justification

Price band revisions affect trading flexibility for 26 securities, indicating heightened surveillance measures. Impact limited to specific scrips but significant for traders in these stocks.