Description

BSE invites offers from trading members for purchase of securities in Demat Auction 604 for Rolling Settlement DR-604/2026-27, scheduled on April 7, 2026.

Summary

BSE Limited, through Indian Clearing Corporation Ltd. (ICCL), has issued a notice inviting offers from trading members for the purchase of securities under Demat Auction 604, pertaining to Rolling Settlement No. DR-604/2026-27. The auction is scheduled for Tuesday, April 7, 2026, with pay-in on April 8, 2026.

Key Points

  • Auction offers will be accepted on trading terminals on April 7, 2026 between 02:15 p.m. and 03:00 p.m.
  • Auction matching will take place from 03:00 p.m. to 03:15 p.m.
  • Delivery statements and reports of accepted auction offers will be available from 03:15 p.m. to 03:45 p.m.
  • Money statements and final reports will be issued between 03:35 p.m. and 05:30 p.m.
  • Auction pay-in is scheduled for Wednesday, April 8, 2026 at 08:00 a.m.
  • Under the Uniform Membership structure in the Equity Cash Segment, settlement is processed through the Clearing Member of the Trading Member.
  • The restriction on trading members offering securities in auction for settlements where they have short delivered has been removed.
  • No corrections will be permitted for punching errors in securities code or rate.

Regulatory Changes

  • The restriction on trading members offering securities in auction in the settlement in which they have short delivered such securities has been removed, following the implementation of the Uniform Membership structure in the Equity Cash Segment.

Compliance Requirements

  • Trading members and custodians must check their auction pay-in obligations for securities.
  • Securities pay-in must be executed in depositories within depository cut-off timings.
  • Trading members must refer to the cutoff rate on the Auction Offer Entry Screen before submitting offers.
  • Trading members should review notices issued by respective departments regarding Corporate Actions (Ex-Rights, Ex-Bonus, Ex-Split, etc.) for relevant scrips.
  • Utmost care must be taken while entering securities codes and rates, as no corrections will be permitted after submission.

Important Dates

  • April 7, 2026: Auction offer entry session (02:15 p.m. – 03:00 p.m.), auction matching (03:00 p.m. – 03:15 p.m.), delivery statements available (03:15 p.m. – 03:45 p.m.), money statements and final reports (03:35 p.m. – 05:30 p.m.).
  • April 8, 2026: Auction pay-in at 08:00 a.m.

Impact Assessment

This is a routine auction notice affecting trading members with short delivery obligations under Rolling Settlement DR-604/2026-27. The removal of the restriction on offering securities in the same settlement where a short delivery occurred (due to the Uniform Membership structure) may slightly expand participation in auction sessions. Members must ensure timely securities pay-in through their Clearing Members to avoid further settlement failures. The operational impact is limited to members directly involved in the affected settlement.

Impact Justification

Routine demat auction notice for trading members involved in short deliveries under rolling settlement DR-604/2026-27; operationally relevant for affected members but not a broad market event.