Description
BSE Limited invites offers from trading members for purchase of securities in Demat Auction 623 for Rolling Settlement No. DR-623/2026-27, with auction session on May 06, 2026.
Summary
BSE Limited, through Indian Clearing Corporation Ltd. (ICCL), has announced Demat Auction 623 for Rolling Settlement No. DR-623/2026-27. Trading members are invited to submit offers for purchase of securities on Wednesday, May 06, 2026, via trading terminals.
Key Points
- Auction is for Rolling Settlement No. DR-623/2026-27
- Offers accepted on trading terminals on Wednesday, May 06, 2026
- Auction offer entry window: 2:00 PM to 2:45 PM
- Auction matching: 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
- Securities pay-in (auction): Thursday, May 07, 2026 at 8:00 AM
- 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
This notice highlights an existing policy update: following implementation of the Uniform Membership Structure in the Equity Cash Segment, settlement is processed through the Clearing Member of a Trading Member. Additionally, the prior restriction on trading members offering securities in auction for settlements in which they have short delivered has been removed.
Compliance Requirements
- 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 refer to the cutoff rate on the “Auction Offer Entry Screen” before submitting offers
- Trading members must monitor notices on Corporate Actions (Ex-Rights, Ex-Bonus, Ex-Split, etc.) for relevant scrips
- Utmost care required when entering securities code and rate — no corrections allowed post-submission
Important Dates
- May 06, 2026: Auction offer entry (2:00 PM – 2:45 PM), matching (2:45 PM – 3:00 PM), reports (3:00 PM – 5:30 PM)
- May 07, 2026: Auction securities pay-in at 8:00 AM
Impact Assessment
This is a routine operational notice impacting trading members and custodians with short delivery obligations in Rolling Settlement DR-623/2026-27. The auction mechanism ensures securities are sourced from willing sellers to cover shortfalls, maintaining settlement integrity. The removal of the restriction on short-delivering members participating in auctions for the same settlement cycle improves market liquidity in auction sessions. Members must act within tight intraday windows and ensure timely depository pay-in to avoid penalties.
Impact Justification
Routine demat auction notice for settlement shortfalls affecting trading members with short deliveries; no regulatory change, limited to specific settlement cycle participants.