BSE Notice No. 20260415-29 informs trading members that price bands have been revised for 32 equity scrips effective April 16, 2026. The revisions span a range of circuit filter limits — from a restrictive 2% to a wider 20% — reflecting individualized surveillance assessments for each scrip.

Key Points

• Price band revisions are effective from April 16, 2026
• A total of 32 scrips are affected (list may be partially truncated in source)
• Price bands revised to 2% (tightest): Jauss Polymers Ltd (526001), Ramchandra Leasing & Finance Ltd (538540)
• Price bands revised to 20% (widest): Gujarat Cotex Ltd (751108), Speciality Medicines Ltd (544738)
• Price bands revised to 10%: Eco Hotels And Resorts Ltd, Insolation Energy Ltd, ITCONS E-Solutions Ltd, Jinkushal Industries Ltd, Panth Infinity Ltd, Rama Vision Ltd, Shivansh Finserve Ltd, Super Iron Foundry Ltd, Tarini International Ltd
• Price bands revised to 5%: Alphalogic Techsys Ltd, Chiraharit Ltd, Dee Development Engineers Ltd, Dhampur Bio Organics Ltd, Eraaya Lifespaces Ltd, Galada Finance Ltd, Goel Food Products Ltd, Gujarat Cotex Ltd (514386), Heera Ispat Ltd, Indrayani Biotech Ltd, Landmarc Leisure Corporation Ltd, Narmadesh Brass Industries Ltd, Pro Fin Capital Services Ltd, S.A.L. Steel Ltd, Shipwaves Online Ltd, Shreyas Intermediates Ltd, Space Incubatrics Technologies Ltd, TAI Industries Ltd

Regulatory Changes

No new regulatory framework is introduced. This notice implements price band adjustments under BSE’s existing DOSS (Department of Surveillance and Supervision) monitoring powers. Price bands are a standard surveillance tool used to limit excessive intraday volatility and protect investors in scrips exhibiting unusual price movements.

Compliance Requirements

• Trading Members: Must note revised price band limits for the listed scrips and ensure orders are placed within the new band limits effective April 16, 2026
• Algorithmic / Program Trading: Systems must be updated to reflect new circuit filter limits to avoid order rejections
• No action required from listed companies or investors directly

Important Dates

• Notice Date: April 15, 2026
• Effective Date: April 16, 2026

Impact Assessment

Market Impact: Moderate and localized. The revisions primarily affect small and micro-cap scrips with limited broader market implications.

Tightened Bands (2%): Jauss Polymers Ltd and Ramchandra Leasing & Finance Ltd face the most restrictive bands, signaling heightened surveillance concern and severely limiting daily price movement.

Widened Bands (20%): Gujarat Cotex Ltd (751108) and Speciality Medicines Ltd gain more trading flexibility, potentially indicating improved liquidity or removal of prior restrictions.

Trader Impact: Active intraday and positional traders in these 32 scrips must adjust strategies. Tighter bands reduce risk of large losses but also cap gains; wider bands increase both opportunity and risk.

Surveillance Signal: The mix of tightening and widening suggests BSE is actively monitoring this cohort — tightening where volatility or manipulation concerns exist, widening where conditions have normalized.