Description
BSE has revised price bands for 14 equity scrips effective February 25, 2026, with bands ranging from 2% to 20%, including IRCTC and SpiceJet.
Summary
BSE has issued Notice No. 20260224-34 revising price bands for 14 equity scrips effective from February 25, 2026. The revisions span a range of 2% to 20% and are applied under the Exchange’s surveillance framework. Trading members are advised to take note of the new limits before market open on February 25.
Key Points
- Price bands revised for 14 scrips across the equity segment
- Effective date: February 25, 2026
- Band widths revised to: 2%, 5%, 10%, or 20% depending on the scrip
- Indian Railway Catering and Tourism Corporation Ltd (IRCTC, 542830) receives the widest band of 20%
- Several smaller scrips (Kalpa Commercial, Looks Health Services, Pro Clb Global, Transchem) assigned the tightest band of 2%, indicating closer surveillance
- SpiceJet Ltd (500285) revised to 10%
- Queries to be directed to bse.surv@bseindia.com
Regulatory Changes
Price bands have been revised from their existing levels as follows:
| Sr. No. | Scrip Code | Scrip Name | Revised Price Band (%) |
|---|---|---|---|
| 1 | 532290 | BLB Ltd | 5 |
| 2 | 506373 | Citurgia Biochemicals Ltd | 10 |
| 3 | 531360 | Golechha Global Finance Ltd | 5 |
| 4 | 531840 | IEC Education Ltd | 5 |
| 5 | 542830 | Indian Railway Catering and Tourism Corporation Ltd | 20 |
| 6 | 540850 | Jhandewalas Foods Ltd | 5 |
| 7 | 539014 | Kalpa Commercial Ltd | 2 |
| 8 | 537707 | Laddu Gopal Online Services Ltd | 5 |
| 9 | 534422 | Looks Health Services Ltd | 2 |
| 10 | 526345 | Panjon Ltd | 10 |
| 11 | 540703 | Pro Clb Global Ltd | 2 |
| 12 | 500285 | Spicejet Ltd | 10 |
| 13 | 500422 | Transchem Ltd | 2 |
| 14 | 751079 | Travels & Rentals Ltd | 10 |
Compliance Requirements
- Trading members must ensure orders in the above scrips respect the newly revised price bands from February 25, 2026 onwards
- Order management systems should be updated to reflect the new circuit limits prior to market open on February 25, 2026
- Members with queries may contact BSE Surveillance at bse.surv@bseindia.com
Important Dates
- Notice Date: February 24, 2026
- Effective Date: February 25, 2026
Impact Assessment
This circular has a medium market impact. The tightening of price bands to 2% for scrips such as Kalpa Commercial Ltd, Looks Health Services Ltd, Pro Clb Global Ltd, and Transchem Ltd signals heightened surveillance concern, likely due to abnormal price or volume movements. Traders holding or watching these scrips will face significantly constrained intraday movement limits.
The widening of IRCTC’s band to 20% reflects its large-cap, high-liquidity status and allows the stock greater price discovery flexibility. SpiceJet’s band revision to 10% is notable given the airline’s history of volatility.
Overall, this is a routine but important surveillance action that directly affects intraday and short-term trading strategies for positions in all 14 listed scrips.
Impact Justification
Routine surveillance-driven price band revisions affecting 14 scrips. Notable inclusions are IRCTC (widened to 20%) and SpiceJet (revised to 10%), which are high-visibility stocks; others are smaller-cap or SME securities with tightened bands indicating heightened surveillance.