BSE’s Department of Surveillance (DOSS) has revised price bands for 21 equity scrips, effective May 4, 2026. The revised bands range from 2% to 20%, replacing the existing levels for each scrip. This is a routine surveillance action aimed at curbing excessive volatility or speculative activity in select securities.

Key Points

• Price bands revised for 21 scrips across equity segment, effective May 4, 2026.
• Revised bands: 2% (2 scrips), 5% (12 scrips), 10% (2 scrips), 20% (5 scrips).
• Action taken by BSE Surveillance department (DOSS).
• Members may seek clarification at bse.surv@bseindia.com.

Revised Price Bands

Regulatory Changes

Price bands are revised by BSE Surveillance as a measure to control abnormal price movements. A tightened band (e.g., 2% or 5%) restricts daily price movement, while a wider band (e.g., 20%) allows greater fluctuation. These revisions supersede previously applicable bands for the listed scrips.

Compliance Requirements

Trading members must note and apply the revised price bands for the affected scrips starting May 4, 2026. No action is required beyond awareness; the exchange systems will enforce the new limits automatically. Members with queries may contact bse.surv@bseindia.com.

Important Dates

• Notice Date: April 30, 2026
• Effective Date: May 4, 2026

Impact Assessment

Traders and investors holding positions in any of the 21 affected scrips should be aware of the new daily price movement limits. Scrips assigned a 2% band (Emrock Corporation, iStreet Network) face the most restrictive limits, potentially reducing liquidity. The 5 scrips assigned a 20% band (Clinitech Laboratory, Om Power Transmission, Prima Plastics, Transgene Biotek, and Clinitech Laboratory) have relatively wider movement permitted. Overall market impact is limited to these specific securities; broader indices are unaffected.

BSE has listed 4,51,66,668 new equity shares of iStreet Network Limited (Scrip Code: 524622) effective April 29, 2026. These shares, issued at Rs. 6/- per share (face value Rs. 4/- with a premium of Rs. 2/-), were allotted on a preferential basis to promoters and non-promoters across three allotment dates in late 2025.

Key Points

• Total new shares listed: 4,51,66,668 equity shares
• Issue price: Rs. 6/- per share (Rs. 4/- face value + Rs. 2/- premium)
• ISIN: INE532B01020
• Scrip Code: 524622
• Trading commencement: Wednesday, April 29, 2026
• Shares rank pari-passu with existing equity shares
• Lock-in details applicable as per annexure

Regulatory Changes

No new regulatory changes. This is a standard listing notice under BSE’s Listing Operations framework for newly allotted securities.

Compliance Requirements

• Trading members are informed to note the new securities available for trading from April 29, 2026
• Lock-in restrictions apply to specified shares as per the attached annexure; trading members must ensure compliance with lock-in periods

Important Dates

Impact Assessment

The listing of approximately 4.52 crore new equity shares on a preferential basis represents a significant capital raise for iStreet Network Limited. Existing shareholders face equity dilution. The shares are allotted at Rs. 6/-, which provides context for market pricing. Lock-in restrictions on a portion of these shares (as per annexure) will limit near-term selling pressure from allottees. Overall market impact is moderate and company-specific.