Description
BSE invites offers from trading members for purchase of securities in Demat Auction 618 for Rolling Settlement No. DR-618/2026-27, with auction session on April 28, 2026 and pay-in on April 29, 2026.
Summary
BSE Limited, through Indian Clearing Corporation Ltd. (ICCL), has issued a notice inviting offers from trading members for the purchase of securities in Demat Auction 618. This auction is held in respect of Rolling Settlement No. DR-618/2026-27 to address short delivery of securities. The auction session is scheduled for April 28, 2026, with pay-in on April 29, 2026.
Key Points
- Auction is for Rolling Settlement No. DR-618/2026-27 to cover short-delivered securities.
- Offers are accepted on trading terminals on April 28, 2026.
- Auction offer entry window: 2:00 PM to 2:45 PM.
- Auction matching window: 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.
- Pay-in for the auction: April 29, 2026 at 8:00 AM.
- Members and custodians must execute securities pay-in in depositories within depository cut-off timings.
- Under Uniform Membership structure, settlement is processed through the Clearing Member of a Trading Member.
- Restriction on trading members offering securities in the same settlement where they have short-delivered has been removed.
- No corrections permitted for punching errors in securities code or rate.
- BSE reserves the right to accept or reject any offer without assigning reasons.
Regulatory Changes
- The restriction on trading members offering securities in auction in the settlement in which they have short-delivered such securities has been removed following the implementation of the Uniform Membership structure in the Equity Cash Segment.
- Settlement is now routed through the Clearing Member of the Trading Member.
Compliance Requirements
- Trading members must submit auction offers only during the designated offer entry window (2:00 PM to 2:45 PM on April 28, 2026).
- Members and custodians must check their auction pay-in obligations and execute securities pay-in in depositories within depository cut-off timings.
- Trading members must refer to the cutoff rate shown on the Auction Offer Entry Screen before submitting offers.
- Trading members must also review Corporate Action notices (ex-rights, ex-bonus, ex-split, etc.) issued for relevant securities before placing auction offers.
- Punching errors in securities code or rate will not be corrected; utmost care is required.
Important Dates
- April 28, 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 29, 2026 at 8:00 AM: Auction pay-in deadline.
Impact Assessment
This is a routine operational notice with limited broad market impact. It directly affects only trading members and custodians who have short delivery obligations under Rolling Settlement DR-618/2026-27. The removal of the restriction on offering securities in the same settlement as a short delivery (under the Uniform Membership structure) slightly increases flexibility for trading members. No specific securities or stock tickers are listed in the circular body; the full list of affected securities is provided in the attached files (off618 and ARR 618).
Impact Justification
Routine operational demat auction notice for short delivery settlement; affects only trading members with specific short delivery obligations in DR-618/2026-27, not a broad market-wide regulatory change.