Description

BSE has revised price bands for 17 securities effective February 10, 2026, with bands ranging from 2% to 20% based on surveillance requirements.

Summary

BSE has revised price bands for 17 securities in the equity segment, effective from February 10, 2026. The revised price bands range from 2% to 20%, replacing existing levels as part of surveillance measures. Trading members have been notified to adjust their systems accordingly.

Key Points

  • 17 securities will have revised price bands effective February 10, 2026
  • Price band revisions range from 2% (most restrictive) to 20% (least restrictive)
  • 4 securities have 2% price band (most restrictive)
  • 6 securities have 5% price band
  • 3 securities have 10% price band
  • 1 security has 20% price band
  • Changes apply to equity segment trading
  • Members can contact bse.surv@bseindia.com for clarifications

Affected Securities

2% Price Band:

  • Gujarat Investa Ltd (531341)
  • Indian Link Chain Manufacturers Ltd (504746)
  • Oxford Industries Ltd (514414)
  • S.A.L. Steel Ltd (532604)
  • Tirth Plastic Ltd (526675)

5% Price Band:

  • GNG Electronics Ltd (544455)
  • Kairosoft AI Solutions Ltd (506122)
  • Saffron Industries Ltd (531436)
  • Sylph Industries Ltd (511447)
  • Tijaria Polypipes Ltd (533629)
  • Travels & Rentals Ltd (544242)
  • Ujaas Energy Ltd (533644)

10% Price Band:

  • Aritas Vinyl Ltd (544683)
  • IGC Industries Ltd (539449)
  • Pajson Agro India Ltd (544657)
  • VTM Ltd (532893)

20% Price Band:

  • Digilogic Systems Ltd (544684)

Regulatory Changes

This circular implements revised price band restrictions as a surveillance measure. Price bands limit the maximum percentage movement (up or down) a security can experience in a single trading day, helping to control excessive volatility and protect investors.

Compliance Requirements

  • Trading members must update their systems to reflect the new price bands
  • The revised price bands must be implemented before trading commences on February 10, 2026
  • All trades in affected securities must comply with the new price band limits
  • Members requiring clarification should contact the Surveillance department at bse.surv@bseindia.com

Important Dates

  • Notice Date: February 9, 2026
  • Effective Date: February 10, 2026

Impact Assessment

Market Impact: Medium - The revised price bands will restrict intraday price movements in 17 securities, particularly those with 2% and 5% bands. This may reduce trading volumes and liquidity in affected securities but provides investor protection against excessive volatility.

Trading Impact: Traders and investors in these securities will face tighter price movement limits, requiring adjusted trading strategies. Securities with 2% bands will have significantly restricted price discovery mechanisms.

Investor Impact: The price band revisions indicate heightened surveillance on these securities, signaling potential concerns about volatility or market manipulation. Investors should exercise caution and be aware of the restricted trading ranges when dealing with these securities.

Impact Justification

Routine surveillance measure affecting 17 securities with restricted price movements, limiting trading volatility but not affecting market operations broadly