Description
BSE invites auction offers from trading members for purchase of securities under Rolling Settlement No. DR-608/2026-27, with offer entry on April 13, 2026 and pay-in on April 15, 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 608, pertaining to Rolling Settlement No. DR-608/2026-27. The auction session is scheduled for April 13, 2026, with securities pay-in on April 15, 2026.
Key Points
- Auction offer entry window: 2:00 PM to 2:45 PM on April 13, 2026
- Auction matching: 2:45 PM to 3:00 PM on April 13, 2026
- Delivery statement and accepted auction offer reports: 3:00 PM to 3:30 PM
- Money statement and final reports: 3:35 PM to 5:30 PM
- Securities pay-in (Auction) scheduled for April 15, 2026 at 8:00 AM
- Settlement is processed through the Clearing Member of the Trading Member under the Uniform Membership structure in Equity Cash Segment
- Restriction on trading members offering securities in auction for settlements in which they have short-delivered has been removed
Regulatory Changes
Following the implementation of the Uniform Membership structure in the Equity Cash Segment, settlement is now routed through the Clearing Member of a Trading Member. Additionally, the prior restriction that prevented trading members from offering securities in auction for the same settlement in which they had short-delivered has been lifted.
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 shown on the “Auction Offer Entry Screen” before submitting offers
- Trading members must verify Corporate Action notices (Ex-Rights, Ex-Bonus, Ex-Split, etc.) for relevant scrips before placing offers
- No corrections will be permitted for punching errors in securities code or rate; utmost care is required
Important Dates
- April 13, 2026: Auction offer entry (2:00 PM – 2:45 PM), matching (2:45 PM – 3:00 PM), and report generation
- April 15, 2026: Auction securities pay-in at 8:00 AM
Impact Assessment
This is a routine operational notice affecting trading members and custodians who have outstanding short-delivery obligations under Rolling Settlement DR-608/2026-27. The removal of the restriction on auction participation by short-delivering members slightly broadens liquidity in the auction. Members must ensure timely depository pay-in by April 15, 2026 to avoid settlement failures. No broad market impact is expected.
Impact Justification
Routine demat auction notice for short-delivered securities in rolling settlement; operationally significant for trading members with auction obligations but not a broad market-wide policy change.