Description

BSE announces revised price bands for 38 securities across equity segment, with changes ranging from 2% to 20% bands, effective from January 27, 2026.

Summary

BSE has revised price bands for 38 securities effective January 27, 2026. The revised price bands range from 2% to 20%, modified from their existing levels to manage volatility and trading parameters. This circular impacts trading members dealing with these specific securities.

Key Points

  • 38 securities will have revised price bands effective January 27, 2026
  • Price band revisions range from 2% (most restrictive) to 20% (least restrictive)
  • Changes apply to equity segment trading
  • Notice issued by BSE Surveillance department
  • Trading members must update their systems accordingly

Regulatory Changes

Price band modifications for the following categories:

  • 2% price band: 4 securities (Arcee Industries, Emergent Industrial Solutions, Samtel India, Sizemasters Technology, Vision Cinemas)
  • 5% price band: 18 securities (Anirit Ventures, Azad India Mobility, Bansisons Tea, Empower India, Epack Prefab, Hiliks Technologies, Jay Ambe Supermarkets, Khandelwal Extractions, Mahaveer Infoway, Mahip Industries, Phaarmasia, Prozone Realty, Ramgopal Polytex, S.A.L. Steel, Transchem, TVS Electronics, Yuranus Infrastructure)
  • 10% price band: 10 securities (Hybrid Financial Services, IEL, Oasis Securities, Parvati Sweetners, PVP Ventures, Sancode Technologies, Sodhani Capital, SPEL Semiconductor, Systematix Corporate Services)
  • 20% price band: 5 securities (Chartered Capital & Investment, Nilachal Carbo Metalicks, Permanent Magnets, Shankara Buildpro, Xelpmoc Design and Tech)

Compliance Requirements

  • Trading members must update trading systems with revised price bands before January 27, 2026
  • Members must ensure surveillance and risk management systems reflect new price band limits
  • Any clarifications should be directed to bse.surv@bseindia.com
  • Compliance with revised price bands is mandatory for all trades from effective date

Important Dates

  • Notice Date: January 23, 2026
  • Effective Date: January 27, 2026

Impact Assessment

Trading Impact: The revised price bands will directly affect intraday price movement limits for these 38 securities. Tighter bands (2%-5%) indicate higher volatility concerns requiring stricter controls, while wider bands (20%) allow greater price discovery.

Market Participants: Traders, market makers, and algorithmic trading systems dealing with these securities must adjust their strategies and risk parameters. Securities moving to tighter bands may experience reduced liquidity and trading activity.

Operational Impact: Brokers and trading platforms need to update their surveillance and order management systems to prevent trades outside revised bands, requiring technical adjustments before January 27, 2026.

Impact Justification

Affects trading volatility limits for 38 securities; impacts traders and market participants dealing with these specific scrips but represents routine surveillance action rather than systemic market change