Description
BSE revises price bands for 28 equity scrips effective April 23, 2026, with bands set to 2%, 5%, or 10% depending on the security.
Summary
BSE has notified trading members that price bands for 28 equity scrips have been revised effective April 23, 2026. The revised bands range from 2% to 10% depending on the scrip, superseding their previous levels. This notice is issued by the Department of Surveillance (DOSS) under the Trading segment.
Key Points
- Price bands revised for 28 scrips across various sectors effective April 23, 2026
- Three revised band levels applied: 2% (3 scrips), 5% (19 scrips), and 10% (6 scrips)
- Issued by BSE DOSS (Department of Surveillance) under Notice No. 20260422-29
- No attachments; clarifications can be sought at bse.surv@bseindia.com
Regulatory Changes
Price bands (circuit limits) have been revised downward or adjusted for the listed scrips. A lower price band percentage restricts the maximum intraday price movement, typically applied as a surveillance measure to control volatility.
Revised to 2% (tightest restriction):
- Manipal Finance Corporation Ltd (507938)
- United Van Der Horst Ltd (522091)
- VR Woodart Ltd (523888)
Revised to 5%:
- Ahmedabad Steelcraft Ltd (522273)
- Asian Hotels (West) Ltd (533221)
- Avadh Sugar & Energy Ltd (540649)
- Chatterbox Technologies Ltd (544546)
- Desco Infratech Ltd (544387)
- Empower India Ltd (504351)
- Gujarat Cotex Ltd (751108)
- HCKK Ventures Ltd (539224)
- JLA Infraville Shoppers Ltd (538765)
- Kabsons Industries Ltd (524675)
- Karnawati Innovation Ltd (531671)
- Kriti Nutrients Ltd (533210)
- Lake Shore Realty Ltd (519612)
- Lokesh Machines Ltd (532740)
- Mangal Electrical Industries Ltd (544492)
- Nahar Spinning Mills Ltd (500296)
- PEARL Polymers Ltd (523260)
- Rollatainers Ltd (502448)
- Umiya Tubes Ltd (539798)
Revised to 10%:
- Foseco Crucible (India) Ltd (523160)
- Man Industries (India) Ltd (513269)
- Nagreeka Capital & Infrastructure Ltd (532895)
- Shyam Telecom Ltd (517411)
- Telogica Ltd (532975)
- Tipco Engineering India Ltd (544740)
Compliance Requirements
Trading members must ensure that orders placed in the affected scrips comply with the revised price band limits from April 23, 2026 onwards. Systems should be updated to reflect the new circuit limits before market open on April 23, 2026.
Important Dates
- Notice Date: April 22, 2026
- Effective Date: April 23, 2026
Impact Assessment
Traders and investors holding positions in any of the 28 affected scrips will face tighter intraday price movement restrictions starting April 23, 2026. The 2% band applied to three scrips (Manipal Finance, United Van Der Horst, VR Woodart) represents the most restrictive limit and may significantly constrain liquidity. The revision is a standard surveillance tool used by BSE to manage volatility risk in select securities, and does not indicate any specific corporate event or regulatory penalty.
Impact Justification
Routine price band revision affecting 28 scrips; directly impacts intraday trading limits for these securities and is relevant to traders holding or tracking these stocks.