Description

BSE has reviewed and updated the list of securities placed under the Add-on Price Band Framework, as a continuation of the framework established in August 2021.

Summary

BSE has conducted a periodic review under the Add-on Price Band Framework (originally introduced via circular 20210811-6 dated August 11, 2021) and published an updated list of securities identified for placement under this framework. The updated list is provided as Annexure I to Notice No. 20260504-32.

Key Points

  • This notice is a continuation of the Add-on Price Band Framework established on August 11, 2021.
  • BSE’s Surveillance department (DOSS) has carried out a fresh review to identify securities for inclusion in the framework.
  • The updated list of securities is attached as Annexure I to the notice.
  • Members with clarifications may contact BSE Surveillance at bse.surv@bseindia.com.

Regulatory Changes

No new regulatory framework is introduced. This is a periodic update to the existing Add-on Price Band Framework securities list, reflecting the latest surveillance review outcomes.

Compliance Requirements

  • Trading members must note the updated list of securities placed under the Add-on Price Band Framework.
  • Trading in the listed securities will be subject to the additional price band restrictions as per the framework.
  • Members should review Annexure I for the specific securities affected.

Important Dates

  • Notice Date: May 04, 2026
  • Effective: Typically applicable from the trading day following the notice; members should refer to the annexure for specific effective dates per security.

Impact Assessment

Securities placed under the Add-on Price Band Framework face tighter intraday price movement limits, which can reduce volatility but also restrict liquidity for affected stocks. The impact is limited to the specific securities listed in Annexure I. Market participants holding or trading these securities should review the updated list to assess exposure. This is a routine surveillance action and does not indicate systemic market risk.

Impact Justification

Routine periodic review update to the Add-on Price Band Framework securities list; affects specific securities placed under tighter price controls but is part of an established ongoing surveillance mechanism.