Description
BSE invites offers from trading members for purchase of securities in Demat Auction 620 for Rolling Settlement No. DR-620/2026-27, with auction session on April 30, 2026 and pay-in on May 4, 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 620, pertaining to Rolling Settlement No. DR-620/2026-27. The auction session is scheduled for April 30, 2026, with pay-in on May 4, 2026.
Key Points
- Auction offer entry session: 2:00 PM to 2:45 PM on April 30, 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
- Pay-in of auction securities scheduled for Monday, May 4, 2026 at 8:00 AM
- Under the Uniform Membership structure in Equity Cash Segment, settlement is processed through the Clearing Member of a Trading Member
- The earlier restriction on trading members offering securities in auction for settlements where they had short-delivered is now removed
Regulatory Changes
Following implementation of the Uniform Membership structure in the Equity Cash Segment, settlement for auction is now routed through the Clearing Member of a Trading Member. The restriction preventing trading members from offering securities in the same settlement in which they short-delivered has been lifted.
Compliance Requirements
- Trading 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
- Members should refer to the cutoff rate displayed in the “Auction Offer Entry Screen” before submitting auction offers
- Members should refer to notices issued by respective departments regarding corporate actions (Ex-Rights, Ex-Bonus, Ex-Split, etc.)
Important Dates
- April 30, 2026: Auction offer entry (2:00 PM – 2:45 PM), matching (2:45 PM – 3:00 PM), and report generation
- May 4, 2026 (Monday): Auction securities pay-in at 8:00 AM
Impact Assessment
This is a routine operational notice affecting trading members and custodians with short-delivery obligations in Rolling Settlement DR-620/2026-27. The removal of the restriction on offering securities in the same settlement where short delivery occurred increases flexibility for trading members. Members with auction obligations must act within the tight intraday windows on April 30 and ensure timely pay-in by May 4, 2026. No broad market impact is anticipated.
Impact Justification
Routine demat auction notice for short-delivered securities in rolling settlement; operationally significant for affected trading members but limited broader market impact.