Description
BSE announces revised price bands for 13 scrips including changes ranging from 2% to 20% bands, effective from February 4, 2026.
Summary
BSE has announced price band revisions for 13 securities effective from February 4, 2026. The revised bands range from 2% (most restrictive) to 20%, with the majority receiving tight 2% bands. This is a surveillance measure to control volatility in these scrips.
Key Points
- 13 securities subject to price band changes effective February 4, 2026
- Most restrictive bands: 7 scrips reduced to 2% price band
- Moderate bands: 2 scrips set at 5% price band
- Higher bands: 2 scrips at 10%, 2 scrips at 20% price band
- Notice issued by BSE Surveillance department on February 3, 2026
- Trading members notified through Notice No 20260203-36
Affected Securities
| Scrip Code | Company Name | Revised Price Band |
|---|---|---|
| 539545 | Apoorva Leasing Finance and Investment Company Ltd | 5% |
| 526935 | Arunis Abode Ltd | 2% |
| 512301 | Chambal Breweries & Distilleries Ltd | 2% |
| 526977 | Crimson Metal Engineering Company Ltd | 2% |
| 532332 | Cura Technologies Ltd | 2% |
| 544682 | GRE Renew Enertech Ltd | 20% |
| 539697 | Hiliks Technologies Ltd | 2% |
| 544681 | INDO SMC Ltd | 20% |
| 544680 | Narmadesh Brass Industries Ltd | 10% |
| 521246 | Paras Petrofils Ltd | 5% |
| 514223 | Ramgopal Polytex Ltd | 2% |
| 539435 | Richfield Financial Services Ltd | 5% |
| 513063 | Trans Freight Containers Ltd | 10% |
Regulatory Changes
This circular represents a surveillance action by BSE to revise price bands from their existing levels. Price bands are regulatory tools that limit the maximum price movement (up or down) for a security during a trading session. Tighter bands indicate heightened surveillance and are typically applied to stocks exhibiting unusual volatility or requiring closer monitoring.
Compliance Requirements
- Trading members must implement revised price bands in their systems before market opening on February 4, 2026
- All orders and trades must comply with new price band restrictions
- Trading members should communicate changes to clients trading in affected securities
- Clarifications may be requested at bse.surv@bseindia.com
Important Dates
- Notice Date: February 3, 2026
- Effective Date: February 4, 2026
Impact Assessment
Market Impact: Medium - The revised price bands will restrict intraday price movements for affected securities, reducing trading flexibility and potentially impacting liquidity.
Trading Impact: Securities with 2% bands face significant constraints on daily price movement, which may deter speculative trading but also reduce liquidity. The tight bands suggest these stocks are under enhanced surveillance.
Investor Impact: Investors holding or trading these securities will experience limited price discovery and reduced ability to enter/exit positions at desired prices during volatile market conditions.
Operational Impact: Trading members must update risk management systems and alert algorithms to accommodate new price limits before market opening on February 4, 2026.
Impact Justification
Affects trading flexibility for 13 securities with tightened price bands, primarily surveillance measure impacting short-term traders and market makers