Description

BSE announces Demat Auction for Settlement No. 825 dated February 23, 2026, covering 103 scrips where shares were not delivered in demat form by sellers.

Summary

Bombay Stock Exchange (BSE) has announced a Demat Auction for Settlement No. 825 dated February 23, 2026. The auction covers 103 scrips in which sellers failed to deliver shares in dematerialised form, requiring the exchange to procure these shares through an auction process to honour buyer obligations.

Key Points

  • Settlement Number: 825
  • Auction Date: February 23, 2026
  • Total scrips under auction: 103
  • Largest quantity lots: NOVARTIS INDIA (4031 shares), Vistar Amar (4002), BGIL FILMS & TV (3602), MRC AGROTECH (3000), SUNDARAM MULTI PAP (1943)
  • Covers a broad cross-section of BSE-listed equities ranging from large-caps (INFOSYS, HDFC BANK, TATA STEEL, L&T, SBI) to small/micro-caps
  • Quantities per scrip range from 1 share to 4031 shares

Regulatory Changes

No regulatory changes. This is a standard operational notice under BSE’s settlement and auction framework for handling demat delivery shortfalls.

Compliance Requirements

  • Brokers/Members with short positions in the listed scrips for Settlement No. 825 must participate in or comply with the auction process
  • Buying brokers should expect fulfillment of pending deliveries through the auction mechanism
  • Members should review their settlement obligations for the listed scrip codes and quantities

Important Dates

  • Auction Date: February 23, 2026 (Settlement No. 825)
  • Delivery and settlement timelines follow standard BSE auction settlement procedures post-auction date

Impact Assessment

Market Impact: Medium (localised)

The demat auction affects 103 scrips but quantities are relatively modest for most counters. Key observations:

  • High-quantity scrips such as NOVARTIS INDIA (4031), BGIL FILMS (3602), and MRC AGROTECH (3000) may see minor price pressure or volatility around auction settlement
  • Large-cap counters like INFOSYS (74), TATA STEEL (86), L&T (228), and POWER FINANCE (279) have small quantities relative to their daily trading volumes — negligible impact expected
  • Small/micro-cap scrips with large quantities relative to liquidity (e.g., BGIL FILMS, SSPDL, SUNDARAM MULTI PAP) may experience more pronounced short-term impact
  • The auction is a routine mechanism ensuring settlement integrity; no systemic risk is indicated
  • Brokers with short delivery positions in these scrips will bear close-out charges as per BSE norms

Impact Justification

Routine demat auction notice affecting 103 scrips across diverse sectors. Large quantities in a few scrips (NOVARTIS 4031, BGIL FILMS 3602, MRC AGROTECH 3000) may indicate settlement stress for those counters; overall market impact is limited.