Description

BSE modifies auction schedule for settlement 2526812, moving auction trade date to February 5, 2026 with settlement on February 6, 2026.

Summary

BSE has issued a revised auction schedule for settlement number 2526812 in partial modification of notice 20260120-37. The auction trade date has been moved to February 5, 2026 with auction settlement on February 6, 2026. Members must submit pay-in instructions to depositories/banks by 7:50 AM and auction pay-in time at clearing corporation is 8:00 AM.

Key Points

  • Partial modification of settlement calendar notice dated January 20, 2026
  • Auction trade date revised to February 5, 2026 (from original schedule)
  • Auction settlement date: February 6, 2026
  • Pay-in time for auction at clearing corporation: 8:00 AM
  • Settlement 2526812: Trade date February 3, 2026; Settlement date February 4, 2026
  • Settlement 2526813: Trade date February 4, 2026; Settlement date February 5, 2026
  • Both settlements share same auction schedule (February 5-6, 2026)

Regulatory Changes

No new regulatory changes introduced. This notice modifies previously announced settlement calendar.

Compliance Requirements

  • Members must submit pay-in instructions to depositories/banks latest by 7:50 AM on auction day
  • All shortages in C group and trade-to-trade segments (T, P, Z groups) will be directly closed out
  • Shortages for scrips where no-delivery period has been abolished will be closed out as per notice 20190529-43 dated May 29, 2019
  • Members and custodians must note the revised auction schedule

Important Dates

  • February 3, 2026: Trade date for settlement 2526812
  • February 4, 2026: Settlement date for 2526812; Trade date for 2526813
  • February 5, 2026: Auction trade date for both settlements 2526812 and 2526813
  • February 6, 2026: Auction settlement date for both settlements
  • 7:50 AM: Deadline for pay-in instructions to depositories/banks
  • 8:00 AM: Pay-in time for auction at clearing corporation

Impact Assessment

This revision impacts members and custodians participating in equity cash segment settlements. The change in auction timing requires operational adjustments for settlement 2526812. Members must ensure timely submission of pay-in instructions by 7:50 AM to avoid settlement failures. The modification affects liquidity management and risk mitigation processes for the specified settlement period.

Impact Justification

Operational change affecting settlement and auction timelines for members and custodians in equity cash segment