Add-on Price Band Framework - Updated List (March 2026)

Description

BSE has updated the list of securities under the Add-on Price Band (AOPB) framework, covering 37 scrips subject to additional price movement restrictions to curb excessive volatility.

Summary

BSE has published the updated list of securities placed under the Add-on Price Band (AOPB) Framework as of March 2, 2026. A total of 37 scrips are currently subject to this additional surveillance measure, which imposes tighter price movement limits to curb excessive speculation and volatility in illiquid or high-risk securities.

Key Points

• 37 securities are currently listed under the Add-on Price Band Framework
• The framework imposes additional price band restrictions beyond standard circuit filters
• Securities span multiple sectors including finance, textiles, chemicals, technology, and manufacturing
• All listed companies are primarily small-cap or micro-cap entities traded on BSE
• The measure is intended to protect investors from abnormal price movements in low-liquidity scrips

Regulatory Changes

The Add-on Price Band Framework is a BSE surveillance tool applied on top of existing circuit breaker mechanisms. Securities included in this list have their daily price movement capped more tightly than the standard price bands, restricting both upward and downward price swings to reduce manipulation and excessive volatility.

Compliance Requirements

• Brokers and trading members must ensure clients are aware that these securities carry additional price restrictions
• Investors holding or wishing to trade these scrips should note that order placement may be restricted beyond normal price band limits
• No direct compliance action is required from the listed companies themselves unless separately notified

Important Dates

• Effective Date: March 2, 2026 (date of circular publication)
• The list is subject to periodic revision; securities may be added or removed based on ongoing surveillance

Impact Assessment

The 37 securities under the AOPB framework are predominantly small-cap and micro-cap companies with limited liquidity. Traders and investors in these scrips will face restricted price discovery and may find it difficult to execute large orders. The measure reduces the risk of price manipulation but can also limit exit opportunities during volatile sessions. Market participants with positions in any of the listed securities — including Autoriders International, Taparia Tools, Trade Wings, Glittek Granites, and others — should factor in these constraints when planning trades. The broader market impact is minimal given the size and liquidity profile of these companies.

Securities List

Impact Justification

Surveillance measure affecting 37 specific small-cap/illiquid scrips with trading restrictions; relevant to holders of these securities but limited broader market impact.