Description
BSE revises price bands for 26 scrips ranging from 2% to 20%, effective December 26, 2025.
Summary
BSE has revised price bands for 26 securities effective December 26, 2025. The changes involve tightening price bands for most scrips, with bands ranging from 2% to 20%. The majority of securities (17 out of 26) will have a 5% price band, while one security (RDB Real Estate Constructions Ltd) will have the most restrictive 2% band. These revisions are part of surveillance measures to control volatility and protect investors.
Key Points
- 26 securities affected by price band revisions
- Effective date: December 26, 2025
- Notice number: 20251224-46
- Price bands range from 2% (most restrictive) to 20%
- 17 securities revised to 5% band
- 4 securities revised to 10% band
- 1 security revised to 2% band
- 1 security revised to 20% band
- Changes applicable to Equity segment
- Queries to be directed to bse.surv@bseindia.com
Regulatory Changes
No new regulatory framework introduced. This circular implements routine surveillance measures under existing BSE regulations for price band adjustments based on market conditions and security-specific factors.
Compliance Requirements
- Trading members must implement revised price bands from December 26, 2025
- All trades in affected securities must comply with new price band limits
- Trading systems must be updated to reflect revised bands before market opening on December 26, 2025
- Members requiring clarification should contact BSE Surveillance at bse.surv@bseindia.com
Important Dates
- Notice Date: December 24, 2025
- Effective Date: December 26, 2025
Impact Assessment
Market Impact: Tighter price bands (particularly 2% and 5% bands for 18 securities) will reduce intraday volatility but may also impact liquidity and price discovery. Securities with restrictive bands may experience reduced trading volumes and wider bid-ask spreads.
Investor Impact: Investors in these securities will face limited intraday price movement, providing protection against excessive volatility but potentially making it harder to enter or exit positions at desired prices.
Surveillance Rationale: The predominance of tight bands (2% and 5%) suggests BSE has identified elevated risk or unusual trading patterns in these securities, warranting enhanced surveillance measures to protect market integrity.
Detailed List of Affected Securities
| Sr. No. | Scrip Code | Company Name | Revised Band |
|---|---|---|---|
| 1 | 544628 | Astron Multigrain Ltd | 5% |
| 2 | 532380 | Baba Arts Ltd | 10% |
| 3 | 542934 | Chandra Bhagat Pharma Ltd | 5% |
| 4 | 523732 | Ecoboard Industries Ltd | 5% |
| 5 | 543444 | Fabino Enterprises Ltd | 10% |
| 6 | 530263 | Global Capital Markets Ltd | 5% |
| 7 | 538765 | JLA Infraville Shoppers Ltd | 5% |
| 8 | 507948 | Key Corporation Ltd | 5% |
| 9 | 544635 | Luxury Time Ltd | 10% |
| 10 | 511187 | Millennium Online Solutions (India) Ltd | 5% |
| 11 | 500890 | Modi Rubber Ltd | 10% |
| 12 | 538862 | My Money Securities Ltd | 5% |
| 13 | 540416 | Octaware Technologies Ltd | 5% |
| 14 | 521062 | Perfect-Octave Media Projects Ltd | 5% |
| 15 | 521149 | Prime Urban Development India Ltd | 5% |
| 16 | 512591 | Pulsar International Ltd | 5% |
| 17 | 544191 | Purple Finance Ltd | 5% |
| 18 | 530281 | Quantum Digital Vision India Ltd | 5% |
| 19 | 544346 | RDB Real Estate Constructions Ltd | 2% |
| 20 | 539760 | Relicab Cable Manufacturing Ltd | 5% |
| 21 | 543376 | Samor Reality Ltd | 5% |
| 22 | 532886 | SEL Manufacturing Company Ltd | 5% |
| 23 | 539278 | Symbiox Investment & Trading Company Ltd | 5% |
| 24 | 533048 | Teamo Productions HQ Ltd | 10% |
| 25 | 541338 | U. H. Zaveri Ltd | 5% |
| 26 | 544636 | Western Overseas Study Abroad Ltd | 20% |
Impact Justification
Price band revisions affect trading volatility and liquidity for 26 securities, mostly tightening bands to 5%, indicating surveillance concerns