Description
BSE revises auction schedule for settlement no. 2526812 with new auction trade date of February 5, 2026 and settlement date of February 6, 2026.
Summary
BSE has issued a partial modification to notice no. 20260120-37 regarding the Settlement Calendar for February 2026 for Equity Cash Segment. The exchange has revised the auction schedule for settlement no. 2526812, changing the auction trade date from February 4, 2026 to February 5, 2026, with the auction settlement date now scheduled for February 6, 2026. Members must submit pay-in instructions by 7:50 AM on the auction settlement date.
Key Points
- Revised auction schedule applies to settlement no. 2526812 and 2526813
- Original trade date for settlement 2526812: February 3, 2026
- Custodian confirmation and settlement date: February 4, 2026
- Revised auction trade date: February 5, 2026
- Revised auction settlement date: February 6, 2026
- Pay-in time for auction at clearing corporation: 8:00 AM
- Members must submit pay-in instructions to Depositories/Banks by 7:50 AM
- All shortages in C group, trade-to-trade segment (T, P, Z groups), and scrips where no-delivery period has been abolished will be directly closed out
Regulatory Changes
This notice partially modifies the previously issued notice no. 20260120-37 dated January 20, 2026 concerning the Settlement Calendar for February 2026 for Equity Cash Segment. The modification specifically affects the auction timing for settlement numbers 2526812 and 2526813.
Compliance Requirements
- Members/Custodians must note the revised auction schedule
- Members must submit pay-in instructions to Depositories/Banks latest by 7:50 AM on the auction settlement date
- Pay-in deadline at Clearing Corporation: 8:00 AM on February 6, 2026
- Direct close-out procedures apply as per Notice No. 20190529-43 dated May 29, 2019 for:
- All shortages in C group securities
- All shortages in trade-to-trade segment (T, P, and Z group)
- All shortages for scrips where no-delivery period has been abolished
Important Dates
| Settlement No. | Trade Date | Custodian Confirmation | Settlement Date | Auction Trade Date | Auction Settlement Date | Pay-in Time |
|---|---|---|---|---|---|---|
| 2526812 | Feb 3, 2026 | Feb 4, 2026 | Feb 4, 2026 | Feb 5, 2026 | Feb 6, 2026 | 8:00 AM |
| 2526813 | Feb 4, 2026 | Feb 5, 2026 | Feb 5, 2026 | Feb 5, 2026 | Feb 6, 2026 | 8:00 AM |
Critical Deadline: Pay-in instructions to Depositories/Banks must be submitted by 7:50 AM on auction settlement date (February 6, 2026)
Impact Assessment
Operational Impact: High - Members and custodians must adjust their settlement operations to accommodate the revised auction schedule. The one-day postponement of the auction trade date (from February 4 to February 5, 2026) requires immediate updates to internal settlement systems and processes.
Timeline Impact: The revision provides members with an additional day between the original settlement date (February 4) and the auction trade date (now February 5), potentially allowing more time for settlement preparation.
Risk Management: Members must ensure compliance with the tight deadline for pay-in instructions (7:50 AM), as failure to meet this deadline could result in direct close-out for shortages in specified categories as per existing BSE procedures established in May 2019.
Impact Justification
Critical revision to auction settlement schedule affecting members' pay-in deadlines and operational timelines for settlement no. 2526812