Description
BSE revises price bands for 15 equity scrips effective March 4, 2026, with bands ranging from 2% to 20% as part of surveillance adjustments.
Summary
BSE has revised price bands for 15 equity scrips effective March 4, 2026, under its surveillance framework. The revised bands range from 2% (most restrictive) to 20% (least restrictive), reflecting the exchange’s ongoing monitoring of trading activity and risk management.
Key Points
- Price band changes affect 15 scrips across various sectors effective March 4, 2026
- Bands have been revised to levels between 2% and 20%
- Two scrips (DCM Shriram Fine Chemicals Ltd and DCM Shriram International Ltd) receive the widest band of 20%
- Three scrips (Baba Arts Ltd, Ranjit Securities Ltd, Universus Photo Imagings Ltd) receive the most restrictive band of 2%
- Members requiring clarification may contact bse.surv@bseindia.com
Regulatory Changes
Price bands are revised by BSE’s Surveillance department as a market integrity tool. These changes restrict or expand the permissible intraday price movement for the listed scrips. A lower band (e.g., 2%) limits volatility and is typically applied to scrips under heightened surveillance, while a higher band (e.g., 20%) allows greater price discovery.
| Scrip Code | Scrip Name | Revised Price Band (%) |
|---|---|---|
| 532380 | Baba Arts Ltd | 2 |
| 544703 | DCM Shriram Fine Chemicals Ltd | 20 |
| 544702 | DCM Shriram International Ltd | 20 |
| 540360 | Leading Leasing Finance And Investment Company Ltd | 10 |
| 507759 | Lime Chemicals Ltd | 10 |
| 509760 | Modern Shares & Stockbrokers Ltd | 5 |
| 531257 | Pratiksha Chemicals Ltd | 10 |
| 531572 | Ranjit Securities Ltd | 2 |
| 533285 | RDB Infrastructure And Power Ltd | 10 |
| 544272 | Shiv Texchem Ltd | 5 |
| 539561 | Supha Pharmachem Ltd | 10 |
| 540595 | Tejas Networks Ltd | 10 |
| 533407 | True Green Bio Energy Ltd | 10 |
| 542933 | Universus Photo Imagings Ltd | 2 |
| 514175 | Vardhman Polytex Ltd | 5 |
Compliance Requirements
- Trading members must note the revised price bands for the affected scrips and ensure orders are placed within the new permissible limits from March 4, 2026
- No specific filing or reporting obligation is imposed on trading members beyond adherence to the new bands
- Queries should be directed to bse.surv@bseindia.com
Important Dates
- Circular Date: March 2, 2026
- Effective Date: March 4, 2026 (revised price bands come into force)
Impact Assessment
Traders and investors holding positions in the 15 affected scrips will experience changes in allowable intraday price movement from March 4, 2026. Scrips assigned a 2% band (Baba Arts Ltd, Ranjit Securities Ltd, Universus Photo Imagings Ltd) face the highest restriction and are likely under surveillance for abnormal trading patterns. Scrips with bands widened to 20% (DCM Shriram Fine Chemicals Ltd, DCM Shriram International Ltd) may see improved liquidity and price discovery. The overall market impact is limited given the small number of scrips involved, but individual stock traders should review open positions and adjust order strategies accordingly.
Impact Justification
Routine surveillance-driven price band revisions affecting 15 scrips; individually limited impact but relevant to traders holding these securities as tighter or wider bands directly constrain intraday price movement.