Description
BSE invites auction offers from trading members for purchase of securities under Rolling Settlement No. DR-625/2026-27, with offer entry session on May 8, 2026.
Summary
BSE Limited (through ICCL) has announced Demat Auction 625 for Rolling Settlement No. DR-625/2026-27. Trading members are invited to submit offers for purchase of securities via auction on Friday, May 8, 2026. The pay-in of auction proceeds is scheduled for Monday, May 11, 2026.
Key Points
- Auction offer entry session: 2:00 PM to 2:45 PM on May 8, 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
- Auction pay-in scheduled for Monday, May 11, 2026 at 8:00 AM
- Attachments include off625 and ARR 625 documents
Regulatory Changes
Following implementation of the Uniform Membership Structure in the Equity Cash Segment, settlement is now processed through the Clearing Member of a Trading Member. The previous restriction on trading members offering securities in auction in the same settlement where they had short-delivered has been removed.
Compliance Requirements
- Trading members must submit auction offers via trading terminals within the specified session window.
- Members and Custodians must verify their auction pay-in obligations for securities and execute securities pay-in in depositories within depository cut-off timings.
- Trading members must exercise utmost care when entering securities codes and rates; no corrections will be permitted after submission.
- Trading members should refer to the cutoff rate displayed in the Auction Offer Entry Screen before placing offers.
- Members should monitor notices regarding Corporate Actions (Ex-Rights, Ex-Bonus, Ex-Split, etc.) for relevant securities.
Important Dates
- May 8, 2026: Auction offer entry and matching sessions (2:00 PM – 3:00 PM)
- May 8, 2026: Delivery statements and money statements available (3:00 PM – 5:30 PM)
- May 11, 2026: Auction pay-in deadline at 8:00 AM
Impact Assessment
This is a routine operational notice affecting trading members who have short-delivered securities in Rolling Settlement DR-625/2026-27. The removal of the restriction on offering securities in the same settlement where short delivery occurred (under the Uniform Membership Structure) provides additional flexibility to clearing members. Members must ensure timely participation and accurate data entry to avoid penalties, as no corrections are permitted post-submission.
Impact Justification
Routine demat auction notice for rolling settlement; operationally relevant to trading members with short deliveries but limited broader market impact.