Description
BSE Limited invites offers from trading members for purchase of securities in Demat Auction 607 for Rolling Settlement No. DR-607/2026-27, with auction session on April 10, 2026 and pay-in on April 13, 2026.
Summary
BSE Limited, through the Indian Clearing Corporation Ltd. (ICCL), has announced Demat Auction 607 for Rolling Settlement No. DR-607/2026-27. Trading members are invited to submit offers for purchase of securities on Friday, April 10, 2026 via trading terminals.
Key Points
- Auction offer entry session: 2:00 PM to 2:45 PM on April 10, 2026
- Auction matching session: 2:45 PM to 3:00 PM
- Delivery statement and accepted offer reports: 3:00 PM to 3:30 PM
- Money statement and final reports: 3:35 PM to 5:30 PM
- Auction pay-in will be held on Monday, April 13, 2026 at 8:00 AM
- Members and custodians must check auction pay-in obligations and execute securities pay-in within depository cut-off timings
- No corrections permitted for punching errors in securities code or rate
- Exchange reserves right to accept or reject any offer without assigning reasons
Regulatory Changes
Following the implementation of Uniform Membership Structure in the Equity Cash Segment, settlement is now processed through the Clearing Member of a Trading Member. The previous restriction on trading members offering securities in auction for the same settlement in which they had short-delivered has been removed.
Compliance Requirements
- Trading members must submit auction offers only through trading terminals during the designated session window
- Members and custodians are required to verify 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 placing offers
- Trading members should check notices related to Corporate Actions (Ex-Rights, Ex-Bonus, Ex-Split, etc.) for relevant scrips
Important Dates
- April 10, 2026: Auction session — offer entry (2:00–2:45 PM), matching (2:45–3:00 PM), delivery statement (3:00–3:30 PM), final reports (3:35–5:30 PM)
- April 13, 2026: Auction pay-in at 8:00 AM
Impact Assessment
This is a routine operational notice affecting trading members and custodians with short delivery obligations under Rolling Settlement DR-607/2026-27. The removal of the restriction on offering securities in auction for the same settlement in which a member short-delivered provides greater flexibility. The strict no-correction policy for punching errors places full responsibility on trading members to ensure accuracy at the time of offer entry. Broader market impact is limited to participants directly involved in the specified settlement cycle.
Impact Justification
Routine demat auction notice for short-delivered securities in rolling settlement; operationally important for affected trading members and custodians but limited broader market impact.