Description
BSE Limited invites offers from trading members for purchase of securities in Demat Auction 616 for Rolling Settlement No. DR-616/2026-27, with auction session on April 24, 2026 and pay-in on April 27, 2026.
Summary
BSE Limited, through Indian Clearing Corporation Ltd. (ICCL), has announced Demat Auction 616 for Rolling Settlement No. DR-616/2026-27. Trading members of the Exchange are invited to submit offers for purchase of securities through auction terminals on April 24, 2026.
Key Points
- Auction offer entry session: 2:00 PM to 2:45 PM on April 24, 2026
- Auction matching session: 2:45 PM to 3:00 PM on April 24, 2026
- 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 will be held on Monday, April 27, 2026 at 8:00 AM
- Members and custodians must check auction pay-in obligations and execute securities pay-in in depositories within depository cut-off timings
Regulatory Changes
- Following implementation of Uniform Membership structure in the Equity Cash Segment, settlement is now processed through the Clearing Member of a Trading Member
- The restriction on trading members offering securities in auction in settlements where they have short-delivered such securities has been removed
Compliance Requirements
- Trading members must submit auction offers through trading terminals within the specified session timings
- Members and custodians are required to verify 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 on the “Auction Offer Entry Screen” before submitting offers
- Trading members should refer to notices issued by respective departments regarding Corporate Actions (Ex-Rights, Ex-Bonus, Ex-Split, etc.) for relevant scrips
- No corrections permitted for punching errors; extreme care required when entering securities code and rate
Important Dates
- April 24, 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 27, 2026: Auction pay-in at 8:00 AM
Impact Assessment
This is a routine operational notice applicable to trading members and custodians participating in the Equity Cash Segment. The auction addresses short delivery situations in Rolling Settlement DR-616/2026-27. The removal of the restriction on trading members offering securities in settlements where they have short-delivered is a notable structural change under the Uniform Membership framework, potentially increasing liquidity in the auction process. Members must ensure timely securities delivery on April 27, 2026 to avoid further settlement complications.
Impact Justification
Routine demat auction notice for a specific rolling settlement cycle, relevant to trading members with auction obligations but limited broader market impact.