Description
BSE announces revised auction schedule for settlements 2526814 & 2526815, modifying the February 2026 settlement calendar with updated trade dates and pay-in timings.
Summary
BSE has issued a partial modification to the February 2026 settlement calendar (Notice No. 20260120-37) for the Equity Cash Segment. The circular revises the auction schedule for settlement numbers 2526814 and 2526815, providing updated trade dates, custodial confirmation dates, settlement dates, and auction pay-in timings.
Key Points
- Partial modification of settlement calendar notice no. 20260120-37 dated January 20, 2026
- Settlement 2526814: Trade date 05/02/2026, Settlement date 06/02/2026
- Settlement 2526815: Trade date 06/02/2026, Settlement date 09/02/2026
- Auction 2526815: Auction trade date 09/02/2026, Auction settlement date 10/02/2026
- Pay-in time for auction: 8:00 AM
- Members must submit pay-in instructions to Depositories/Banks by 7:50 AM
- All shortages in C group, T2T segment (T, P, Z groups), and scrips with abolished no-delivery period will be directly closed out
Regulatory Changes
This circular modifies the previously published settlement calendar for February 2026. The revision specifically impacts the auction schedule timing and dates for settlements 2526814 and 2526815, requiring members to adjust their operational processes accordingly.
Compliance Requirements
- Members and custodians must adhere to the revised auction schedule
- Pay-in instructions must be submitted to Depositories/Banks latest by 7:50 AM on auction settlement date
- Pay-in deadline for auction is 8:00 AM
- Members must ensure timely settlement for the revised dates
- Shortages will be handled as per Notice No. 20190529-43 dated May 29, 2019 for applicable scrip categories
Important Dates
Settlement 2526814:
- Trade Date: February 5, 2026
- Custodial Confirmation Date: February 6, 2026
- Settlement Date: February 6, 2026
Settlement 2526815:
- Trade Date: February 6, 2026
- Custodial Confirmation Date: February 9, 2026
- Settlement Date: February 9, 2026
Auction 2526815:
- Auction Trade Date: February 9, 2026
- Auction Settlement Date: February 10, 2026
- Pay-in Instructions Deadline: 7:50 AM (February 10, 2026)
- Pay-in Time: 8:00 AM (February 10, 2026)
Impact Assessment
Operational Impact: Members and custodians need to update their systems and operational processes to reflect the revised auction schedule. This affects settlement workflows, pay-in instruction timing, and liquidity management for the specified settlement periods.
Market Impact: The modification ensures smooth auction processes for shortages and non-delivery situations. Direct close-out provisions for C group and T2T segment shortages will continue as per existing guidelines, maintaining market integrity and settlement discipline.
Impact Justification
Operational update affecting settlement timelines for members and custodians. Modifies previously announced settlement calendar requiring attention to revised auction dates and pay-in timings.