Description
BSE demat auction settlement listing 94 scrips with quantities to be auctioned for settlement default obligations.
Summary
BSE has announced Demat Auction Settlement No. 694 dated August 14, 2025, listing 94 scrips with specified quantities that will be auctioned to meet settlement default obligations. The auction covers various companies across different sectors with quantities ranging from 1 share to over 2 million shares.
Key Points
- Settlement number: 694
- Auction date: August 14, 2025
- Total scrips involved: 94 companies
- Largest quantity: QUADRANT TEL with 2,213,351 shares
- Notable companies include Nestle India, Tata Steel, Tata Power, Swiggy, Ola Electric, and various other listed entities
- Quantities vary significantly from single digit shares to millions of shares
Regulatory Changes
No regulatory changes announced. This is a routine settlement auction process.
Compliance Requirements
- Brokers and clearing members must participate in the auction process as per BSE settlement rules
- Settlement obligations must be fulfilled through the demat auction mechanism
- Participants must ensure compliance with auction procedures and timelines
Important Dates
- Auction settlement date: August 14, 2025
- Settlement number: 694
Impact Assessment
The demat auction primarily affects brokers and clearing members who have failed to deliver securities for settlement. Individual investors holding these scrips may see temporary price volatility during the auction process. The auction ensures market integrity by completing failed settlements through the auction mechanism. Companies with larger quantities like Quadrant Tel, NMDC Steel, and National Securities may experience more significant price impact during the auction process.
Impact Justification
Demat auctions impact specific scrips and brokers with settlement defaults but don't affect overall market operations significantly