Description

BSE announces demat auction for settlement number 739 covering securities from 140+ companies with specified quantities for auction settlement.

Summary

BSE has announced a demat auction for Settlement No. 739 dated October 23, 2025. This auction involves securities from over 140 companies where delivery obligations were not met. The auction will facilitate the settlement of outstanding delivery obligations by purchasing the required securities from the market on behalf of defaulting members.

Key Points

  • Settlement Number: 739
  • Date: October 23, 2025
  • Total companies involved: 140+ securities
  • Auction covers a wide range of sectors including banking, infrastructure, manufacturing, technology, and commodities
  • Quantities range from as low as 1 share to as high as 141,997 shares (FCS Software)
  • Major quantities include: FCS Software (141,997 shares), Indian Infotech (43,771 shares), GACM Technologies (35,640 shares), Garment Mantra (24,000 shares), Vantage Know (10,001 shares), Vikas EcoTec (12,416 shares)

Regulatory Changes

No regulatory changes announced. This is a routine market operations circular for settlement of delivery defaults.

Compliance Requirements

  • Brokers/trading members must ensure adequate securities are available for delivery in settlement obligations
  • Defaulting members will be responsible for auction costs and price differences
  • Members should maintain proper risk management systems to avoid delivery failures

Important Dates

  • Settlement Date: October 23, 2025 (Settlement No. 739)
  • Auction Date: To be conducted as per BSE auction guidelines (typically T+2 or T+3 from settlement date)

Impact Assessment

Market Impact: Medium - Affects multiple securities across various sectors, but demat auctions are routine market operations

Operational Impact: Medium for affected brokers who will need to participate in the auction or face penalties

Financial Impact: Defaulting members will bear the costs of auction purchases, including any price differential and auction charges. The large quantities in certain scrips (e.g., FCS Software with 141,997 shares, Indian Infotech with 43,771 shares) could result in significant financial exposure for defaulting members.

Investor Impact: Low to Medium - Clients of defaulting brokers may experience delayed settlements or additional charges passed on by their brokers.

Impact Justification

Routine demat auction affecting multiple securities with delivery defaults; impacts specific brokers and their clients who failed to deliver securities in settlement 739