Description
BSE announces demat auction for Settlement No. 776 covering multiple securities including mutual funds, equities, and other instruments requiring settlement through auction process.
Summary
BSE has announced a demat auction for Settlement No. 776 dated December 15, 2025. The auction includes 110+ securities across various categories including mutual funds, large-cap equities, mid-cap stocks, and small-cap companies. The auction is conducted to fulfill delivery obligations where securities were not delivered in the normal settlement process.
Key Points
- Settlement Number: 776
- Auction Date: December 15, 2025
- Total scrips involved: Over 110 securities
- Includes major companies like CIPLA, Hindalco, Indian Oil, Vedanta, Ultratech Cement
- Mutual fund units from multiple AMCs (HDFC, ICICI Prudential, UTI, Nippon India, SBI, Kotak, DSP, Motilal Oswal, Mirae Asset, Union, Quantum)
- Quantities range from 1 share to 25,695 shares depending on the scrip
- Covers diverse sectors: banking, pharma, metals, energy, infrastructure, retail, technology
Securities Involved
Major Companies (Selected)
- CIPLA LTD: 1 share
- HINDALCO IND: 20 shares
- INDIAN OIL C: 450 shares
- VEDANTA LIMI: 75 shares
- ULTRATECH CE: 1 share
- MAHINDRA & M: 1 share
- CESC LTD: 135 shares
- BANK OF MAHA: 1,000 shares
- INDIAN BANK: 574 shares
- JSW ENERGY L: 2,000 shares
- VODAFONE IDE: 401 shares
Mutual Funds
- Multiple AMC schemes including 360 ONE, Aditya Birla, BFL Asset, DSP, HDFC, ICICI Prudential, Kotak Mahindra, Mirae Asset, Motilal Oswal, Nippon India, Piramal Pharma, Poonawalla Fincorp, Quantum Gold, SBI, Union, and UTI
High Volume Scrips
- Rajnish Well: 25,695 shares
- HARSHIL AGRO: 6,000 shares
- NEW LIGHT IN: 5,000 shares
- RO Jewels Li: 4,898 shares
- Atvo Enterpr: 1,550 shares
- VIKAS LIFECA: 1,500 shares
- Meesho Limit: 1,002 shares
Regulatory Context
Demat auctions are conducted by stock exchanges when selling brokers fail to deliver securities within the settlement cycle. The exchange purchases the securities through auction to fulfill delivery obligations to the buying brokers. This mechanism ensures settlement integrity and protects buyer interests.
Compliance Requirements
- Trading members with shortages must participate in the auction or arrange for securities delivery
- Auction participants must ensure adequate funds/securities availability
- Settlement obligations must be fulfilled as per exchange timelines
- Members with delivery failures may face penalties and charges as per SEBI/BSE regulations
Important Dates
- Auction Date: December 15, 2025 (Settlement No. 776)
- Auction timing and payment schedule as per BSE circular norms
Impact Assessment
Market Impact: Medium - Affects specific trading members and clients with delivery obligations. Does not impact overall market trading or price discovery.
Operational Impact: Medium - Brokers with shortages must arrange securities or funds for auction participation. Clients with pending deliveries may face additional costs.
Investor Impact: Low to Medium - Primarily affects investors/traders who had pending delivery obligations. Buying clients receive their securities through the auction mechanism, though timing may be delayed.
Systemic Impact: Low - Standard settlement procedure that maintains market integrity. Localized to specific members with delivery failures in Settlement No. 776.
Impact Justification
Demat auction involving 110+ scrips affects settlement obligations for brokers and investors who failed to deliver securities. Standard market operations procedure with localized impact on specific trading members.