Description

BSE revises price bands for 32 securities effective February 9, 2026, with bands ranging from 2% to 20% based on surveillance measures.

Summary

BSE has revised price bands for 32 securities under its surveillance framework, effective from February 9, 2026. The revised bands range from 2% to 20%, replacing previous levels. This action is part of BSE’s ongoing market surveillance and risk management measures to ensure orderly trading in these securities.

Key Points

  • 32 securities will have revised price bands effective February 9, 2026
  • Price bands vary from 2% (Gretex Corporate Services) to 20% (Dr Lalchandani Labs, GTN Textiles, Prozone Realty)
  • 19 securities have 5% price band, 7 securities have 10% price band
  • Notice issued by BSE Surveillance Department on February 6, 2026
  • All affected securities are in the Equity segment

Regulatory Changes

Revised price bands for affected securities:

20% Price Band:

  • Dr Lalchandani Labs Limited (751078)
  • GTN Textiles Ltd (532744)
  • Prozone Realty Ltd (534675)

10% Price Band:

  • GCM Commodity & Derivatives Ltd (535917)
  • Loyal Textile Mills Ltd (514036)
  • Stratmont Industries Ltd (530495)
  • Quality RO Industries Ltd (543460)
  • Galaxy Agrico Exports Ltd (751077)
  • Consolidated Construction Consortium Ltd (532902)
  • Empower India Ltd (504351)
  • Jay Ushin Ltd (513252)

5% Price Band:

  • Narmadesh Brass Industries Ltd (544680)
  • Neopolitan Pizza And Foods Ltd (544269)
  • Trans Freight Containers Ltd (513063)
  • HRS Aluglaze Ltd (544656)
  • DJ Mediaprint & Logistics Ltd (543193)
  • Vivid Mercantile Ltd (542046)
  • Sheetal Cool Products Ltd (540757)
  • Aadi Industries Ltd (530027)
  • Bandaram Pharma Packtech Ltd (524602)
  • Kiran Syntex Ltd (530443)
  • Natura Hue Chem Ltd (531834)
  • Norben Tea & Exports Ltd (519528)
  • Octaware Technologies Ltd (540416)
  • Organic Coatings Ltd (531157)
  • Shish Industries Ltd (540693)
  • Shri Keshav Cements And Infra Ltd (530977)
  • Soma Textiles & Industries Ltd (521034)
  • Sri Chakra Cement Ltd (518053)
  • SRM Energy Ltd (523222)
  • VR Woodart Ltd (523888)

2% Price Band:

  • Gretex Corporate Services Ltd (543324)

Compliance Requirements

  • Trading members must ensure compliance with revised price bands from February 9, 2026
  • All trades in affected securities must remain within the specified price band limits
  • Trading systems should be updated to reflect new price band percentages
  • Members requiring clarification should contact bse.surv@bseindia.com

Important Dates

  • Notice Date: February 6, 2026
  • Effective Date: February 9, 2026

Impact Assessment

Market Impact: The revised price bands will restrict intraday price movements for these 32 securities, potentially reducing volatility and speculative trading activity. Securities with tighter bands (2%-5%) will have more restricted price discovery compared to those with wider bands (10%-20%).

Trading Impact: Traders and investors in these securities will face limitations on maximum price movement per trading session. The majority of affected securities (19 out of 32) have the tightest 5% band, indicating heightened surveillance concerns. This may impact liquidity and trading volumes in these securities.

Investor Impact: Investors should be aware that these price band revisions are part of surveillance measures, typically applied to securities showing unusual price movements, low liquidity, or corporate governance concerns. The action aims to protect investor interests by preventing excessive price manipulation.

Impact Justification

Routine surveillance measure affecting 32 securities with revised price bands. Impacts trading flexibility but is a standard regulatory action for market stability.