Description

BSE invites offers from trading members for purchase of securities in Demat Auction 617 for Rolling Settlement DR-617/2026-27, with auction session on April 27, 2026 and pay-in on April 28, 2026.

Summary

BSE Limited (through ICCL - Indian Clearing Corporation Ltd.) has invited offers from trading members for purchase of securities in Demat Auction 617, corresponding to Rolling Settlement No. DR-617/2026-27. The auction session is scheduled for Monday, April 27, 2026, with pay-in on April 28, 2026.

Key Points

  • Auction is for Rolling Settlement No. DR-617/2026-27 in the Equity segment
  • Trading members must submit auction offers via trading terminals within the specified session timings
  • After Uniform Membership structure implementation, settlement is processed through the Clearing Member of the Trading Member
  • The restriction on trading members offering securities in auctions for settlements where they had short deliveries has been removed
  • No corrections will be permitted for punching errors in securities code or rate
  • BSE reserves the right to accept or reject any offer without assigning reasons
  • Trading members should refer to the cutoff rate on the “Auction Offer Entry Screen” before submitting offers
  • Members should also check for corporate actions (Ex-Rights, Ex-Bonus, Ex-Split) in relevant securities

Regulatory Changes

Under the Uniform Membership structure in the Equity Cash Segment, settlement is now routed through the Clearing Member of a Trading Member. The previously applicable restriction on trading members offering securities in auctions for settlements in which they had short delivered has been removed.

Compliance Requirements

  • Trading members must submit auction offers only during the designated offer entry session (2:00 PM to 2:45 PM on April 27, 2026)
  • Members and Custodians must check their auction pay-in obligations and execute securities pay-in in depositories within depository cut-off timings on April 28, 2026
  • Trading members must exercise utmost care while entering securities codes and rates, as no corrections will be allowed after submission
  • Members should refer to notices on corporate actions before submitting auction offers

Important Dates

  • April 27, 2026 (Monday):
    • Auction Offer Entry Session: 2:00 PM – 2:45 PM
    • Auction Matching: 2:45 PM – 3:00 PM
    • Delivery Statement & Report of Accepted Offers: 3:00 PM – 3:30 PM
    • Money Statement & Final Reports: 3:35 PM – 5:30 PM
  • April 28, 2026 (Tuesday): Securities Pay-in at 8:00 AM

Impact Assessment

This is a routine operational circular affecting trading and clearing members who have short delivery obligations in Rolling Settlement DR-617/2026-27. The removal of the restriction on short-delivered members participating in auctions (under the Uniform Membership structure) provides greater flexibility. Members with auction pay-in obligations must ensure timely securities delivery through depositories on April 28, 2026 to avoid further settlement failures. No broad market-wide impact is anticipated beyond the specific counterparties involved in this settlement cycle.

Impact Justification

Routine demat auction notice for short deliveries in equity rolling settlement; affects trading and clearing members with short delivery obligations but is a standard operational circular.