Description
BSE Limited invites auction offers from trading members for purchase of securities under Rolling Settlement No. DR-611/2026-27, with auction session on April 17, 2026 and pay-in on April 20, 2026.
Summary
BSE Limited, through Indian Clearing Corporation Ltd. (ICCL), has issued a notice inviting auction offers from trading members for the purchase of securities under Rolling Settlement No. DR-611/2026-27. The auction is scheduled for April 17, 2026, with pay-in on April 20, 2026.
Key Points
- Auction offer entry session: 2:00 PM to 2:45 PM on April 17, 2026
- Auction matching session: 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 scheduled for Monday, April 20, 2026 at 8:00 AM
- Settlement will be processed through the Clearing Member of each Trading Member following Uniform Membership structure implementation
- The restriction on trading members offering securities in auction for settlements where they had short deliveries has been removed
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. The prior restriction preventing trading members from offering securities in auction for settlements in which they had short deliveries 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 on April 20, 2026
- Trading members must refer to the cutoff rate on the Auction Offer Entry Screen before submitting offers
- Trading members must exercise utmost care when entering securities codes and rates — no corrections will be permitted after punching errors
- Members should refer to notices regarding corporate actions (Ex-Rights, Ex-Bonus, Ex-Split, etc.) issued by respective departments
Important Dates
- April 17, 2026: Auction offer entry (2:00 PM – 2:45 PM), matching (2:45 PM – 3:00 PM), and report generation (3:00 PM – 5:30 PM)
- April 20, 2026: Auction pay-in deadline at 8:00 AM
Impact Assessment
This is a routine operational notice applicable to trading members and custodians participating in BSE’s equity cash segment. The removal of the restriction on short-delivering members participating in auctions increases market liquidity in the auction process. Members with outstanding short delivery positions in settlement DR-611/2026-27 should ensure timely securities pay-in to avoid penalties. No broad market impact is expected beyond participants in this specific settlement cycle.
Impact Justification
Routine demat auction notice for a specific rolling settlement cycle affecting trading members with short deliveries; operationally significant but limited in broader market impact.