Description

BSE invites offers from trading members for purchase of securities in Demat Auction 622 for Rolling Settlement DR-622/2026-27, with auction session on May 05, 2026 and pay-in on May 06, 2026.

Summary

BSE Limited, through Indian Clearing Corporation Ltd (ICCL), has issued a notice inviting offers from trading members for the purchase of securities under Demat Auction 622, pertaining to Rolling Settlement No. DR-622/2026-27. The auction session is scheduled for Tuesday, May 05, 2026, with pay-in on Wednesday, May 06, 2026.

Key Points

  • Auction is for Rolling Settlement No. DR-622/2026-27
  • Trading members can submit offers via trading terminals on May 05, 2026
  • Auction offer entry window: 2:00 PM to 2:45 PM
  • Auction matching session: 2:45 PM to 3:00 PM
  • Delivery statements and accepted auction offer reports available: 3:00 PM to 3:30 PM
  • Money statements and final reports: 3:35 PM to 5:30 PM
  • Securities pay-in (auction) scheduled for May 06, 2026 at 8:00 AM
  • Settlement processed through the Clearing Member of the Trading Member under Uniform Membership structure
  • Restriction on trading members offering securities in auctions for settlements in which they short-delivered has been removed
  • No corrections permitted for punching errors; members must exercise utmost care
  • Exchange reserves the right to accept or reject any offer without reason

Regulatory Changes

Following the implementation of the Uniform Membership structure in the Equity Cash Segment, settlement is now routed through the Clearing Member of a Trading Member. The earlier restriction prohibiting trading members from offering securities in auctions for settlements where they had short-delivered has been lifted.

Compliance Requirements

  • Trading members must submit auction offers within the prescribed session timings on May 05, 2026
  • 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
  • Members should refer to the cutoff rate on the “Auction Offer Entry Screen” before submitting offers
  • Members should review notices related to Corporate Actions (Ex-Rights, Ex-Bonus, Ex-Split, etc.) issued by respective departments

Important Dates

  • May 05, 2026: Auction offer entry (2:00 PM – 2:45 PM), Matching (2:45 PM – 3:00 PM), Reports (3:00 PM – 3:30 PM), Money statements (3:35 PM – 5:30 PM)
  • May 06, 2026: Auction pay-in at 8:00 AM

Impact Assessment

This is a routine operational notice affecting trading members with short delivery positions in Rolling Settlement DR-622/2026-27. The impact is limited to members participating in the equity cash segment who need to fulfill auction obligations. The removal of the restriction on offering securities in settlements where short delivery occurred provides greater flexibility to trading members. Members must adhere strictly to session timings and exercise care in order entry, as no error corrections are permitted.

Impact Justification

Routine demat auction notice affecting trading members with short delivery obligations in Rolling Settlement DR-622/2026-27; operational in nature with defined timelines.