Description

BSE Limited invites offers from trading members for purchase of securities in Demat Auction 615 for Rolling Settlement No. DR-615/2026-27, with auction session scheduled on April 23, 2026.

Summary

BSE Limited, through Indian Clearing Corporation Ltd. (ICCL), has announced Demat Auction 615 for Rolling Settlement No. DR-615/2026-27. Trading members are invited to submit offers for purchase of securities with short delivery. The auction session is scheduled for April 23, 2026, with pay-in on April 24, 2026.

Key Points

  • Auction offer entry window: 2:00 PM to 2:45 PM on April 23, 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
  • Auction pay-in scheduled for April 24, 2026 at 8:00 AM
  • Restriction on trading members offering securities in the auction for their own short-delivered settlements has been removed following implementation of Uniform Membership structure
  • Settlement is processed through the Clearing Member of a Trading Member

Regulatory Changes

Following the implementation of the Uniform Membership structure in the Equity Cash Segment, the restriction that previously prevented trading members from offering securities in auction for settlements in which they had short-delivered has been removed. Settlement is now routed through the Clearing Member of a Trading Member.

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 exercise utmost care when entering securities codes and rates — no corrections will be permitted for punching errors
  • Trading members should refer to the cutoff rate on the “Auction Offer Entry Screen” before submitting offers
  • Trading members should monitor notices regarding Corporate Actions (Ex-Rights, Ex-Bonus, Ex-Split, etc.) for relevant scrips

Important Dates

  • April 23, 2026: Auction offer entry and matching sessions
  • April 24, 2026 at 8:00 AM: Auction pay-in (securities)

Impact Assessment

This is a routine operational notice with moderate impact on trading members who have short delivery obligations in Rolling Settlement DR-615/2026-27. The removal of the restriction on offering securities in auctions for self-short-delivered settlements provides greater flexibility to trading members under the Uniform Membership structure. No specific stocks are listed in the circular; the full list is referenced via attachments (off615, ARR615). Members with short positions must ensure timely securities pay-in by the depository cut-off on April 24, 2026 to avoid default consequences.

Impact Justification

Routine demat auction notice affecting trading members with short delivery obligations in Rolling Settlement DR-615/2026-27; operational impact limited to members participating in this specific settlement cycle.