Description
BSE revises price bands for 24 equity scrips effective April 28, 2026, with bands ranging from 2% to 20% under the surveillance department's directive.
Summary
BSE’s Surveillance Department (DOSS) has revised the price bands for 24 equity scrips effective April 28, 2026. The revised bands range from 2% to 20%, reflecting updated circuit limits based on surveillance assessments. Trading members are required to note the new limits immediately.
Key Points
- Price bands revised for 24 scrips across various sectors effective April 28, 2026
- Revised bands: 2% (3 scrips), 5% (11 scrips), 10% (7 scrips), 20% (2 scrips)
- Action taken by DOSS (Department of Surveillance and Supervision)
- Notice No. 20260427-26 issued April 27, 2026
- Clarifications to be sought at bse.surv@bseindia.com
Regulatory Changes
Price band revisions are a surveillance tool used by BSE to control excessive volatility in individual scrips. The revised limits replace the existing circuit filters for the listed securities. Two scrips — Emiac Technologies Ltd (544747) and Safety Controls & Devices Ltd (544746) — have been assigned the widest band of 20%, while Hindusthan Insulators & Industries Ltd (539984), Indsoya Ltd (503639), and Jolly Plastic Industries Ltd (507968) have been restricted to a 2% band.
Compliance Requirements
- Trading members must update their systems to reflect the new price bands before market open on April 28, 2026
- No further action required from listed companies; this is a trading-side restriction
- Members with queries must contact BSE Surveillance at bse.surv@bseindia.com
Important Dates
- April 27, 2026: Notice issued
- April 28, 2026: Revised price bands come into effect
Impact Assessment
| Scrip Code | Scrip Name | Revised Band % |
|---|---|---|
| 544522 | A B Cotspin India Ltd | 10 |
| 544634 | Aequs Ltd | 10 |
| 531495 | Blue Coast Hotels Ltd | 5 |
| 533218 | Emami Realty Ltd | 10 |
| 544747 | Emiac Technologies Ltd | 20 |
| 544709 | Gaudium IVF and Women Health Ltd | 5 |
| 541627 | Gujarat Winding Systems Ltd | 5 |
| 532216 | HB Stockholdings Ltd | 5 |
| 539984 | Hindusthan Insulators & Industries Ltd | 2 |
| 544426 | Icon Facilitators Ltd | 5 |
| 544681 | INDO SMC Ltd | 5 |
| 503639 | Indsoya Ltd | 2 |
| 531841 | Indus Finance Ltd | 5 |
| 544004 | IRM Energy Ltd | 10 |
| 507968 | Jolly Plastic Industries Ltd | 2 |
| 540254 | Marg Techno Projects Ltd | 5 |
| 544720 | Omnitech Engineering Ltd | 10 |
| 533632 | Onelife Capital Advisors Ltd | 5 |
| 517397 | Pan Electronics India Ltd | 5 |
| 544746 | Safety Controls & Devices Ltd | 20 |
| 543389 | Sigachi Industries Ltd | 5 |
| 544740 | Tipco Engineering India Ltd | 5 |
| 532402 | USG Tech Solutions Ltd | 5 |
| 544633 | Vidya Wires Ltd | 10 |
Scrips assigned a 2% band face significant intraday movement restrictions, indicating heightened surveillance concern. Those assigned 20% bands are permitted wider trading ranges, possibly reflecting a relaxation of prior restrictions. Market participants holding or trading these scrips should adjust risk exposure and order strategies accordingly.
Impact Justification
Affects 24 scrips with price band changes ranging from 2% to 20%, directly impacting intraday trading limits and volatility controls; medium impact as it is a routine surveillance action with immediate but well-defined scope.