Description
BSE Limited invites offers from trading members for purchase of securities in Auction for Rolling Settlement No. DR-624/2026-27, with auction session on May 07, 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 624, pertaining to Rolling Settlement No. DR-624/2026-27. The auction session is scheduled for May 07, 2026, with pay-in on May 08, 2026.
Key Points
- Auction offer entry window: 2:00 PM to 2:45 PM on May 07, 2026
- Auction matching session: 2:45 PM to 3:00 PM on May 07, 2026
- Delivery statement and accepted auction offer reports: 3:00 PM to 3:30 PM on May 07, 2026
- Money statement and final reports: 3:35 PM to 5:30 PM on May 07, 2026
- Auction pay-in: May 08, 2026 at 8:00 AM
- Members and Custodians must check auction pay-in obligations and execute securities pay-in within depository cut-off timings
- 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 reason
Regulatory Changes
Following the implementation of the Uniform Membership structure in the Equity Cash Segment, settlement is now processed through the Clearing Member of a Trading Member. The earlier restriction on trading members offering securities in auction for settlements in which they had short-delivered has been removed.
Compliance Requirements
- Trading members must submit auction offers only through trading terminals during the designated session window
- Members and Custodians must verify their auction pay-in obligations for securities and complete securities pay-in in depositories within depository cut-off timings
- Trading members must refer to the cutoff rate displayed in the “Auction Offer Entry Screen” before submitting offers
- Trading members should monitor corporate action notices (Ex-Rights, Ex-Bonus, Ex-Split, etc.) issued by respective departments for scrips being auctioned
- Utmost care must be taken while entering securities code and rate, as no corrections will be allowed post-submission
Important Dates
- May 07, 2026: Auction offer entry (2:00 PM – 2:45 PM), Auction matching (2:45 PM – 3:00 PM), Delivery statement (3:00 PM – 3:30 PM), Final reports (3:35 PM – 5:30 PM)
- May 08, 2026: Auction pay-in at 8:00 AM
Impact Assessment
This is a routine operational notice applicable to trading members and custodians participating in the Equity Cash Segment. The removal of the restriction on offering securities in auctions for settlements with short deliveries (under the Uniform Membership structure) provides greater operational flexibility to trading members. The tight session windows and no-correction policy mean members must ensure accuracy before submission. No specific scrips are identified in the notice text; the full list of securities is available in the attached documents (off624, ARR 624).
Impact Justification
Routine demat auction notice for rolling settlement cycle affecting trading members with short deliveries; operational in nature with no broad market-wide regulatory change.