Description

BSE revises price bands for 19 scrips ranging from 2% to 20% with effect from December 19, 2025, as part of surveillance measures.

Summary

BSE has revised price bands for 19 scrips effective December 19, 2025. The revised bands range from 2% to 20%, representing enhanced surveillance measures on these securities. Trading members have been notified to implement these changes from the specified date.

Key Points

  • 19 scrips will have revised price bands effective December 19, 2025
  • Price band restrictions vary from 2% (tightest) to 20% (widest)
  • S.A.L. Steel Ltd and TVS Electronics Ltd have the most restrictive 2% band
  • Purple Wave Infocom Ltd and SKF India (Industrial) Ltd have the widest 20% band
  • 10 scrips will have 10% price band
  • 5 scrips will have 5% price band
  • Changes implemented under BSE surveillance measures

Affected Scrips Details

2% Price Band

  • S.A.L. Steel Ltd (532604)
  • TVS Electronics Ltd (532513)

5% Price Band

  • Ambo Agritec Ltd (543678)
  • Bhatia Colour Chem Ltd (543497)
  • Epsom Properties Ltd (531155)
  • Omni AXs Software Ltd (532340)
  • Pan Electronics India Ltd (517397)

10% Price Band

  • Exato Technologies Ltd (544626)
  • GEM Enviro Management Ltd (544199)
  • LGB Forge Ltd (533007)
  • Logiciel Solutions Ltd (544625)
  • Mahamaya Lifesciences Ltd (544611)
  • Meesho Ltd (544632)
  • Millennium Online Solutions (India) Ltd (511187)
  • Purple Finance Ltd (544191)
  • Ranjit Securities Ltd (531572)
  • TCI Finance Ltd (501242)

20% Price Band

  • Purple Wave Infocom Ltd (544627)
  • SKF India (Industrial) Ltd (544572)

Regulatory Changes

Price bands are being revised from existing levels as part of BSE’s surveillance mechanism to control excessive volatility and protect investor interests. The varying levels of restrictions indicate different risk profiles and surveillance concerns for each scrip.

Compliance Requirements

  • Trading members must implement revised price bands from December 19, 2025
  • All trading systems must be updated to reflect new price band limits
  • Members should ensure compliance with the revised trading limits
  • For clarifications, members should contact bse.surv@bseindia.com

Important Dates

  • Circular Date: December 18, 2025
  • Effective Date: December 19, 2025

Impact Assessment

Market Impact: The price band revisions will restrict intraday price movements for these 19 scrips, potentially reducing volatility but also limiting trading opportunities. Tighter bands (2-5%) indicate heightened surveillance concerns and may signal higher risk profiles.

Liquidity Impact: Stricter price bands may reduce liquidity as traders face limited price movement scope within trading sessions. This could widen bid-ask spreads and impact execution quality.

Investor Impact: Investors holding these securities should be aware of limited daily price movement potential. Those with pending orders should review price limits. The restrictions suggest these scrips are under enhanced surveillance for various reasons including volatility, corporate action concerns, or compliance issues.

Impact Justification

Price band changes affect trading flexibility for 19 scrips with varying restrictions (2%-20%), impacting liquidity and volatility management but limited to specific counters