Description
BSE invites offers from trading members for purchase of securities in Demat Auction 614 for Rolling Settlement No. DR-614/2026-27, scheduled for April 22, 2026.
Summary
BSE Limited, through Indian Clearing Corporation Ltd. (ICCL), has announced Demat Auction 614 for Rolling Settlement No. DR-614/2026-27. Trading members of the Exchange are invited to submit offers for purchase of securities through auction on April 22, 2026.
Key Points
- Auction offer entry window: 2:00 PM to 2:45 PM on April 22, 2026
- Auction matching session: 2:45 PM to 3:00 PM
- Delivery statement and accepted auction offer reports available: 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 23, 2026 at 8:00 AM
- Offers must be submitted through trading terminals
- No corrections permitted for punching errors in securities code or rate
- Exchange reserves the right to accept or reject any offer without reason
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. The previous restriction on trading members offering securities in auction for settlements where they had short-delivered has been removed.
Compliance Requirements
- 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 in the “Auction Offer Entry Screen” before submitting offers
- Trading members must review notices related to Corporate Actions (Ex-Rights, Ex-Bonus, Ex-Split, etc.) issued by respective departments
- Extreme care required when entering securities codes and rates; no corrections allowed post-submission
Important Dates
- April 22, 2026: Auction offer entry (2:00 PM – 2:45 PM), matching, and report generation
- April 23, 2026: Auction pay-in at 8:00 AM
Impact Assessment
This is a routine operational notice with moderate impact limited to trading members and custodians involved in Rolling Settlement DR-614/2026-27. Members with short delivery positions must participate in the auction or arrange securities pay-in by the prescribed deadlines. The removal of restrictions on trading members offering in the same settlement where they short-delivered provides additional flexibility under the Uniform Membership structure.
Impact Justification
Routine demat auction notice affecting trading members with short delivery obligations in Rolling Settlement DR-614/2026-27; operational impact limited to members participating in the auction.