Description
BSE Limited invites offers from trading members for purchase of securities in Demat Auction 610 for Rolling Settlement No. DR-610/2026-27, with auction session on April 16, 2026 and pay-in on April 17, 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 610, pertaining to Rolling Settlement No. DR-610/2026-27. The auction session will be conducted on April 16, 2026, with pay-in scheduled for April 17, 2026.
Key Points
- Auction is for Rolling Settlement No. DR-610/2026-27 in the Equity segment
- Offers will be accepted on trading terminals on Thursday, April 16, 2026
- Auction offer entry window: 2:00 PM to 2:45 PM
- Auction matching: 2:45 PM to 3:00 PM
- 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
- Pay-in of auction securities: Friday, April 17, 2026 at 8:00 AM
- Under Uniform Membership structure, settlement is processed through the Clearing Member of each Trading Member
- Restriction on trading members offering securities in the settlement in which they have short delivered has been removed
- No corrections permitted for punching errors; trading members must exercise utmost care with security codes and rates
- Exchange reserves the right to accept or reject any offer without assigning reasons
Regulatory Changes
- The restriction on trading members offering securities in auction for settlements in which they have short delivered such securities has been removed, following 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 on April 17, 2026
- Trading members must refer to the cutoff rate on the Auction Offer Entry Screen before submitting offers
- Trading members should refer to notices on Corporate Actions (Ex-Rights, Ex-Bonus, Ex-Split, etc.) issued by respective departments
Important Dates
- April 16, 2026: Auction session day
- 2:00 PM – 2:45 PM: Auction offer entry
- 2:45 PM – 3:00 PM: Auction matching
- 3:00 PM – 3:30 PM: Delivery statement and accepted offer reports
- 3:35 PM – 5:30 PM: Money statement and final reports
- April 17, 2026 at 8:00 AM: Auction pay-in deadline
Impact Assessment
This is a routine operational notice relevant to trading members and custodians with obligations in Rolling Settlement DR-610/2026-27. The primary impact is on members who have short-delivered securities and must participate in the auction process. The removal of the restriction on short-delivering members offering securities in the same settlement auction (under the Uniform Membership structure) provides greater flexibility in settlement. Failure to comply with pay-in timelines or errors in auction offer punching carry financial and operational consequences for the concerned members.
Impact Justification
Routine demat auction notice for settlement of short deliveries; operationally significant for affected trading members but limited broader market impact.