Description
BSE revises price bands for 9 scrips including 3C IT Solutions, Amit Securities, Manaksia Aluminium, and others, with bands ranging from 2% to 10%, effective from January 16, 2026.
Summary
BSE has announced revisions to price bands for 9 securities effective from January 16, 2026. The revised bands range from 2% to 10%, reflecting different levels of price movement restrictions. The changes affect companies across various sectors including IT, securities, metals, pharmaceuticals, and ventures.
Key Points
- 9 scrips will have revised price bands from January 16, 2026
- Price bands revised to: 2% (1 scrip), 5% (4 scrips), and 10% (4 scrips)
- Most restrictive band: PH Capital Ltd at 2%
- Least restrictive bands: 10% for Manaksia Aluminium, Novateor Research, S.M. Gold, Tilak Ventures
- Notice issued by BSE Surveillance department
- Trading members notified to implement changes
Regulatory Changes
Revised Price Bands:
- 3C IT Solutions and Telecoms (India) Ltd (544190) - 5%
- Amit Securities Ltd (531557) - 5%
- Manaksia Aluminium Company Ltd (539045) - 10%
- Novateor Research Laboratories Ltd (542771) - 10%
- PH Capital Ltd (500143) - 2%
- S. M. Gold Ltd (542034) - 10%
- Scan Projects Ltd (531797) - 5%
- Tilak Ventures Ltd (503663) - 10%
- Variman Global Enterprises Ltd (540570) - 5%
Compliance Requirements
- Trading members must implement the revised price bands in their systems before January 16, 2026
- All trades in the affected scrips must adhere to the new price band limits from the effective date
- Members requiring clarifications should contact bse.surv@bseindia.com
- Circuit filters must be updated to reflect new percentage limits
Important Dates
- Notice Date: January 14, 2026
- Effective Date: January 16, 2026
- Implementation Deadline: Before market opening on January 16, 2026
Impact Assessment
Market Impact: The revised price bands will affect daily price movement limits for these securities. Tighter bands (2%-5%) restrict volatility and protect investors from sharp price swings, while wider bands (10%) allow more price discovery.
Trading Impact: Traders and investors in these scrips must adjust their strategies based on the new daily movement limits. PH Capital’s 2% band is particularly restrictive, suggesting heightened surveillance concerns.
Operational Impact: Brokers and trading members must update their risk management systems, circuit breaker mechanisms, and order validation logic to accommodate the new price bands before market opening on January 16, 2026.
Impact Justification
Price band changes affect trading limits for 9 securities, impacting liquidity and price discovery. Bands range from 2% to 10%, indicating varying levels of volatility control.