Description

BSE revises price bands for 11 scrips ranging from 2% to 20%, effective January 14, 2026, impacting trading volatility limits.

Summary

BSE Limited has announced revisions to price bands for 11 scrips effective January 14, 2026. The price bands, which limit maximum daily price movement, have been adjusted to levels ranging from 2% to 20% based on surveillance requirements. These changes impact trading volatility controls and are issued under BSE’s surveillance framework.

Key Points

  • 11 securities subject to revised price bands effective January 14, 2026
  • Price bands range from highly restrictive 2% (Maruti Interior Products Ltd) to 20% (6 scrips)
  • Mid-range bands include 5% (4 scrips) and 10% (2 scrips)
  • Changes implemented under BSE surveillance authority
  • Trading members notified to adjust systems accordingly

Regulatory Changes

Price band revisions for the following securities:

  1. Admach Systems Ltd (544669) - 20% band
  2. Apollo Techno Industries Ltd (544671) - 20% band
  3. Bai-Kakaji Polymers Ltd (544670) - 20% band
  4. Global Ocean Logistics India Ltd (544665) - 10% band
  5. Maruti Interior Products Ltd (543464) - 2% band (most restrictive)
  6. Nanta Tech Ltd (544668) - 20% band
  7. Photoquip India Ltd (526588) - 5% band
  8. Precision Electronics Ltd (517258) - 5% band
  9. Rukmani Devi Garg Agro Impex Ltd (544552) - 10% band
  10. Spinaroo Commercial Ltd (544392) - 5% band
  11. Vashishtha Luxury Fashion Ltd (544508) - 5% band

Compliance Requirements

  • Trading members must update their systems to reflect revised price bands
  • Order placement and execution must comply with new band limits from January 14, 2026
  • Risk management systems should be adjusted to accommodate new volatility ranges
  • Clarifications to be directed to bse.surv@bseindia.com

Important Dates

  • Notice Date: January 13, 2026
  • Effective Date: January 14, 2026

Impact Assessment

Trading Impact: The varied price bands create differentiated volatility controls across securities. The 2% band on Maruti Interior Products represents severe trading restrictions, likely indicating heightened surveillance concerns. Conversely, the 20% bands allow for greater price discovery but may signal elevated volatility expectations.

Liquidity Considerations: Tighter bands (2%, 5%) may reduce liquidity and widen bid-ask spreads, while wider bands (20%) could enable more active trading but increase risk exposure for market participants.

Surveillance Context: These revisions appear to be risk-based adjustments, with stricter controls applied to securities potentially exhibiting unusual price movements, low liquidity, or corporate governance concerns.

Impact Justification

Price band revisions affect trading volatility limits for 11 securities, with bands ranging from restrictive 2% to more relaxed 20%, directly impacting liquidity and price discovery mechanisms