Description
BSE invites offers from trading members for purchase of securities in Demat Auction 612 for Rolling Settlement DR-612/2026-27, with auction session on April 20, 2026 and pay-in on April 21, 2026.
Summary
BSE Limited, through Indian Clearing Corporation Ltd (ICCL), has announced Demat Auction 612 for Rolling Settlement No. DR-612/2026-27. Trading members are invited to submit offers for purchase of securities via auction on April 20, 2026, with pay-in scheduled for April 21, 2026.
Key Points
- Auction offer entry window: 2:00 PM to 2:45 PM on April 20, 2026
- 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
- Auction pay-in scheduled for April 21, 2026 at 8:00 AM
- Trading members should verify auction pay-in obligations and execute securities pay-in within depository cut-off timings
Regulatory Changes
Following implementation of the Uniform Membership structure in the Equity Cash Segment, settlement is now processed through the Clearing Member of a Trading Member. Importantly, the restriction on trading members offering securities in auction for settlements in which they have short delivered has been removed.
Compliance Requirements
- Trading members must submit auction offers via trading terminals within the specified session window
- Members and Custodians must check auction pay-in obligations for securities
- Securities pay-in must be executed through depositories within depository cut-off timings
- Trading members must refer to the cutoff rate shown in the “Auction Offer Entry Screen” before submitting offers
- Trading members must review corporate action notices (Ex-Rights, Ex-Bonus, Ex-Split, etc.) for relevant scrips before placing offers
- No corrections will be permitted for punching errors; members must exercise utmost care with securities codes and rates
Important Dates
- April 20, 2026: Auction session (offer entry 2:00 PM – 2:45 PM, matching 2:45 PM – 3:00 PM, reports 3:00 PM – 5:30 PM)
- April 21, 2026: Auction pay-in at 8:00 AM
Impact Assessment
This is a routine operational circular affecting trading members and custodians participating in the Equity Cash Segment. The removal of the restriction on trading members offering securities in auctions where they have short delivered broadens participation eligibility. No broad market impact is expected; primary impact is on members with short delivery obligations in Rolling Settlement DR-612/2026-27.
Impact Justification
Routine demat auction notice for rolling settlement; operationally significant for trading members with short delivery obligations but no broad market impact.