Description

BSE Limited invites offers from trading members for purchase of securities in Demat Auction 606 for Rolling Settlement No. DR-606/2026-27, with auction session on April 9, 2026 and pay-in on April 10, 2026.

Summary

BSE Limited, through Indian Clearing Corporation Ltd. (ICCL), has issued a notice inviting offers from trading members for the purchase of securities in Demat Auction 606. The auction pertains to Rolling Settlement No. DR-606/2026-27 and is scheduled for April 9, 2026, with pay-in on April 10, 2026.

Key Points

  • Demat Auction 606 covers Rolling Settlement No. DR-606/2026-27 in the Equity segment.
  • Auction offer entry is open on April 9, 2026 from 2:00 PM to 2:45 PM.
  • Auction matching takes place from 2:45 PM to 3:00 PM.
  • Delivery statements and reports of accepted auction offers are available from 3:00 PM to 3:30 PM.
  • Money statements and final reports are issued from 3:35 PM to 5:30 PM.
  • Securities pay-in (auction) is scheduled for April 10, 2026 at 8:00 AM.
  • Post Uniform Membership structure implementation, settlement is processed through the Clearing Member of a Trading Member.
  • The earlier restriction on trading members offering securities in auction for settlements where they had short delivered has been removed.
  • No corrections will be permitted for punching errors in securities code or rate.
  • BSE reserves the right to accept or reject any offer without assigning reasons.

Regulatory Changes

Following the implementation of the Uniform Membership structure in the Equity Cash Segment, settlement is now conducted through the Clearing Member of a Trading Member. Additionally, the restriction that previously prevented trading members from offering securities in auction for settlements in which they had short delivered has been removed.

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 on April 10, 2026.
  • Trading members must refer to the cutoff rate displayed in the “Auction Offer Entry Screen” before submitting auction offers.
  • Trading members should review notices related to Corporate Actions (Ex-Rights, Ex-Bonus, Ex-Split, etc.) issued by the respective departments.
  • Utmost care must be taken while entering securities codes and rates, as no corrections will be allowed post-submission.

Important Dates

  • April 9, 2026: Auction offer entry (2:00 PM – 2:45 PM), Auction matching (2:45 PM – 3:00 PM), Delivery statements (3:00 PM – 3:30 PM), Money statements and final reports (3:35 PM – 5:30 PM).
  • April 10, 2026: Securities pay-in at 8:00 AM.

Impact Assessment

This is a routine operational notice affecting trading members with short delivery positions in Rolling Settlement DR-606/2026-27. The removal of the restriction on offering securities in auction settlements where short delivery occurred provides greater flexibility to trading members. Members and custodians with auction obligations must act promptly to ensure securities pay-in within depository cut-off timings to avoid penalties. The notice does not signal broader market policy changes but is operationally critical for affected participants.

Impact Justification

Routine demat auction notice affecting trading members with short delivery obligations in Rolling Settlement DR-606/2026-27; operationally important for affected members but not a broad market policy change.