Description
BSE announces demat auction for settlement number 737 covering securities across 98 scrips where delivery obligations were not met.
Summary
BSE has announced a demat auction for Settlement No. 737 dated October 17, 2025. The auction covers 98 scrips where delivery obligations were not fulfilled by trading members. Quantities range from as low as 1 share to as high as 74,441 shares across various equity securities.
Key Points
- Settlement Number: 737
- Auction Date: October 17, 2025
- Total Scrips Affected: 98 securities
- Largest Quantity: WELCURE DRUGS - 74,441 shares
- Notable Blue-chip Stocks Included: HDFC Bank (29 shares), ITC (1 share), Tata Steel (1 share), Bajaj Auto (1 share), Hindalco (10 shares)
- Mid and Small Cap Stocks: Significant quantities including CENTRUM CAPITAL (20,000 shares), Blue Jet Healthcare (7,500 shares), Jaiprakash Power (9,000 shares)
Regulatory Changes
No regulatory changes announced. This is a standard auction process as per existing BSE regulations for handling delivery shortfalls.
Compliance Requirements
- Trading members who failed to deliver securities must participate in the auction or arrange for delivery
- Auction participants must ensure adequate funds/securities for settlement
- All auction transactions must be settled as per BSE’s standard settlement cycle
- Members are required to fulfill their delivery obligations through the auction mechanism
Important Dates
- Settlement Date: October 17, 2025
- Auction Execution: To be conducted as per BSE’s auction timeline for Settlement No. 737
Impact Assessment
Market Impact: Medium - While 98 scrips are affected, the quantities for most blue-chip stocks are relatively small (1-431 shares). However, some mid and small-cap stocks have substantial quantities that may experience price volatility during the auction.
Operational Impact: Trading members with shortfalls must arrange for securities through the auction, potentially at unfavorable prices. The largest exposure is in WELCURE DRUGS (74,441 shares), followed by CENTRUM CAPITAL (20,000 shares) and Jaiprakash Power (9,000 shares).
Investor Impact: Shareholders of affected securities may experience temporary price movements during the auction process. Members who failed to deliver will bear the cost differential if auction prices are higher than settlement prices.
Impact Justification
Routine auction process affecting 98 scrips due to delivery failures in settlement 737, with quantities ranging from 1 to 74,441 shares across various securities.