The Securities and Exchange Board of India has issued a show cause notice to the governing board of Bangalore Stock Exchange for its alleged irregularities and lapses in the listing and price manipulation of the securities of Home Trade Ltd, formerly known as Euro Asian Securities Ltd.

The market regulator, after considering the exchange's written reply and oral submissions, warned the governing board to be more vigilant, cautious and careful in future in discharge of its functions as a self-regulatory organisation, Sebi said in a release in Mumbai on Tuesday.