Description
BSE announces demat auction for Settlement No. 734 covering 108 scrips across various companies for physical securities delivery shortages.
Summary
BSE has announced a demat auction for Settlement No. 734 dated October 14, 2025. The auction covers 108 scrips from various companies where physical securities delivery shortages occurred. This includes major companies like Adani Ports, Adani Power, State Bank of India, HDFC Mutual Fund, and numerous mid and small-cap stocks. The quantities range from as low as 1 share to as high as 102,000 shares depending on the scrip.
Key Points
- Settlement number: 734
- Auction date: October 14, 2025
- Total scrips covered: 108 companies
- Includes major large-cap stocks (Adani Ports, Adani Power, SBI, Wipro, Yes Bank)
- Covers mid-cap stocks (Astral, Brigade, Granules India, KEC International, KPIT Technologies)
- Includes small-cap and SME stocks across various sectors
- Quantities vary significantly: from 1 share (multiple scrips) to 102,000 shares (Alstone Text)
- High-volume auctions include: Jain Irrigation (8,100 shares), Capital Trust (41,812 shares), Croissance (45,000 shares)
Regulatory Changes
No regulatory changes are introduced in this circular. This is a standard operational notice for demat auction proceedings.
Compliance Requirements
- Brokers/trading members who have short delivery positions must participate in the auction or arrange for securities delivery
- Settlement of auction obligations must be completed as per BSE’s standard auction settlement process
- Members must ensure adequate funds/securities are available for auction settlement
- Defaulting members may face penalties and charges as per BSE rules
Important Dates
- Settlement Date: October 14, 2025 (Settlement No. 734)
- Auction Date: October 14, 2025
- Auction settlement and fund/securities pay-in: As per BSE’s standard T+1 or T+2 auction settlement cycle
Impact Assessment
Market Impact: Medium - Affects 108 scrips across various market segments. While this is a routine market operation, the breadth of affected securities is notable.
Operational Impact: Medium - Brokers and clients with short delivery positions in these scrips must arrange for securities or participate in auction bidding, potentially at premium prices.
Liquidity Impact: Low to Medium - Some illiquid small-cap stocks may experience temporary price volatility during auction proceedings.
Investor Impact: Specific impact on investors/brokers who failed to deliver securities in Settlement 734. May result in higher acquisition costs through auction mechanism, along with potential penalties and auction charges.
Impact Justification
Regular demat auction affecting multiple scrips due to delivery shortages in settlement; impacts specific brokers and clients but is a standard market operation