Description
BSE revises price bands for 15 equity scrips effective March 4, 2026, with bands ranging from 2% to 20% as part of surveillance measures.
Summary
BSE has revised the 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 adjustments based on trading patterns and risk assessments.
Key Points
- Price band revisions apply to 15 scrips across various sectors effective March 4, 2026.
- Three scrips — Baba Arts Ltd (532380), Ranjit Securities Ltd (531572), and Universus Photo Imagings Ltd (542933) — have been assigned the most restrictive 2% price band.
- DCM Shriram Fine Chemicals Ltd (544703) and DCM Shriram International Ltd (544702) receive the widest revised band of 20%.
- Six scrips receive a 10% price band: Leading Leasing Finance, Lime Chemicals, Pratiksha Chemicals, RDB Infrastructure And Power, Supha Pharmachem, Tejas Networks, and True Green Bio Energy.
- Three scrips — Modern Shares & Stockbrokers (509760), Shiv Texchem (544272), and Vardhman Polytex (514175) — are assigned a 5% price band.
- Members may seek clarification at bse.surv@bseindia.com.
Regulatory Changes
Price bands are revised by BSE Surveillance as a tool to manage excessive volatility. This notice replaces the existing price band levels for the listed scrips with the new percentages specified in the table.
| 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 and ensure their systems reflect the new limits from March 4, 2026.
- No action is required for investors holding these scrips, but trading orders placed beyond the revised band limits will be rejected by the exchange.
Important Dates
- Circular Date: March 2, 2026
- Effective Date: March 4, 2026 (all revised price bands become operative)
Impact Assessment
The revision of price bands — particularly the tightening to 2% for Baba Arts, Ranjit Securities, and Universus Photo Imagings — signals heightened surveillance concern and will significantly restrict daily price movement for these scrips. Traders holding positions in these stocks will face tighter intraday limits. The widening to 20% for the two DCM Shriram entities suggests normalisation from a previously restricted band, potentially improving liquidity. Tejas Networks (a mid-cap technology company) being placed at 10% may attract attention from institutional participants monitoring surveillance-flagged stocks.
Impact Justification
Routine surveillance-driven price band revisions affecting 15 scrips; directly impacts intraday trading limits and volatility controls for these stocks. Includes a notable stock (Tejas Networks) and several SME/small-cap scrips with tightened bands indicating heightened scrutiny.