Description
BSE invites offers from trading members for purchase of securities in Auction for Rolling Settlement No. DR-605/2026-27, with auction session on April 8, 2026 and pay-in on April 9, 2026.
Summary
BSE Limited, through Indian Clearing Corporation Ltd (ICCL), has issued a notice inviting trading members to submit offers for the purchase of securities under Demat Auction 605, pertaining to Rolling Settlement No. DR-605/2026-27. The auction session is scheduled for April 8, 2026, with pay-in due on April 9, 2026.
Key Points
- Auction offer entry window: 2:00 PM to 2:45 PM on April 8, 2026
- Auction matching session: 2:45 PM to 3:00 PM on April 8, 2026
- Delivery statement and accepted auction offer reports: 3:00 PM to 3:30 PM on April 8, 2026
- Money statement and final reports: 3:35 PM to 5:30 PM on April 8, 2026
- Auction pay-in (securities): April 9, 2026 at 8:00 AM
- Settlement is executed through the Clearing Member of a Trading Member under the Uniform Membership structure
- The previous restriction on trading members offering securities in auctions for settlements where they had short delivered has been removed
- No corrections will be permitted for punching errors in securities code or rate
Regulatory Changes
Following the implementation of the Uniform Membership structure in the Equity Cash Segment, settlement is now done through the Clearing Member of a Trading Member. Additionally, the restriction that previously prevented trading members from offering securities in an auction for a settlement in which they had short delivered has been removed.
Compliance Requirements
- Trading members must submit auction offers via trading terminals within the prescribed session timings
- Members and Custodians must check their auction pay-in obligations and execute securities pay-in 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 on Corporate Actions (Ex-Rights, Ex-Bonus, Ex-Split, etc.) issued by the respective departments
- Utmost care must be taken while entering securities code and rate; no corrections will be allowed post-submission
Important Dates
- April 8, 2026: Auction session (offer entry, matching, delivery statements, money statements)
- April 9, 2026, 8:00 AM: Auction pay-in (securities) deadline
Impact Assessment
This is a routine operational notice affecting trading members and custodians with obligations under Rolling Settlement DR-605/2026-27. The removal of the restriction on short-delivering members participating in the auction increases flexibility for trading members. Members with short delivery positions should ensure timely securities pay-in to avoid penalties. The operational window is tight, requiring prompt action on April 8-9, 2026.
Impact Justification
Routine demat auction notice for short-delivered securities in a rolling settlement cycle; operational impact limited to trading members with auction obligations for DR-605/2026-27.