Description
BSE revises price bands for 12 scrips effective March 11, 2026, with bands ranging from 2% to 20% for various equity securities.
Summary
BSE has revised the price bands for 12 equity scrips effective March 11, 2026, as part of its surveillance function. The revised bands range from 2% (Seya Industries Ltd) to 20% (Fractal Industries Ltd), reflecting adjustments to trading limits based on surveillance assessments.
Key Points
- Price bands revised for 12 scrips effective March 11, 2026
- Revisions issued under BSE Notice No. 20260310-36 dated March 10, 2026
- Bands revised to levels between 2% and 20% depending on the scrip
- Action taken by BSE Surveillance department
- Members may contact bse.surv@bseindia.com for clarifications
Regulatory Changes
The following price band revisions have been made:
| Scrip Code | Scrip Name | Revised Price Band |
|---|---|---|
| 530973 | Alfa Ica India Ltd | 5% |
| 531156 | Alfavision Overseas India Ltd | 10% |
| 511246 | Bombay Talkies Ltd | 5% |
| 544707 | Fractal Industries Ltd | 20% |
| 509563 | Garware Marine Industries Ltd | 10% |
| 506134 | Gourmet Gateway India Ltd | 5% |
| 500282 | Modern Thread India Ltd | 10% |
| 538894 | Octal Credit Capital Ltd | 5% |
| 524324 | Seya Industries Ltd | 2% |
| 538667 | Sirohia & Sons Ltd | 5% |
| 524717 | Titan Biotech Ltd | 10% |
| 531069 | Vijay Solvex Ltd | 10% |
Compliance Requirements
- Trading members must adhere to the revised price bands for the listed scrips from March 11, 2026
- Orders placed outside the revised price band limits will be rejected by the exchange system
- Members requiring clarification should write to bse.surv@bseindia.com
Important Dates
- March 10, 2026: Notice issued by BSE
- March 11, 2026: Revised price bands come into effect
Impact Assessment
This circular directly affects day traders and short-term investors in the 12 listed scrips, as tighter price bands (e.g., 2% for Seya Industries) restrict intraday price movement, while wider bands (e.g., 20% for Fractal Industries) allow greater volatility. The tightening of bands on certain scrips signals heightened surveillance scrutiny, potentially indicating concerns about price manipulation or abnormal trading activity. Market participants holding or trading these scrips should be aware of the new limits to avoid order rejections.
Impact Justification
Routine surveillance-driven price band revision affecting 12 small/mid-cap scrips; directly impacts intraday trading limits for these stocks but is a standard regulatory action with no systemic risk.