Description
BSE Limited invites auction offers from trading members for purchase of securities under Rolling Settlement No. DR-626/2026-27, with offer entry on May 11, 2026 and pay-in on May 12, 2026.
Summary
BSE Limited, through Indian Clearing Corporation Ltd. (ICCL), has issued a notice inviting trading members to submit auction offers for the purchase of securities under Rolling Settlement No. DR-626/2026-27. The auction is scheduled for May 11, 2026, with pay-in on May 12, 2026.
Key Points
- Auction offer entry window: 2:00 PM to 2:45 PM on Monday, May 11, 2026
- 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
- Pay-in of auction securities due by 8:00 AM on Tuesday, May 12, 2026
- Settlement will be routed through the Clearing Member of each Trading Member under the Uniform Membership structure
- The restriction on trading members offering securities in the same settlement in which they short-delivered has been removed
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 prior restriction preventing trading members from offering securities in auction for settlements in which they had 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 refer to the cutoff rate on the “Auction Offer Entry Screen” before submitting offers
- Offers must reference any relevant Corporate Action notices (Ex-Rights, Ex-Bonus, Ex-Split, etc.) issued by the respective department
- No corrections will be permitted for punching errors in security code or rate; members must exercise utmost care
Important Dates
- May 11, 2026: Auction offer entry (2:00 PM – 2:45 PM), matching, and report generation
- May 12, 2026: Auction securities pay-in deadline at 8:00 AM
Impact Assessment
This is a routine operational notice affecting trading members and custodians with obligations under Rolling Settlement DR-626/2026-27. The removal of the restriction on offering securities in the same settlement where short delivery occurred slightly broadens participation eligibility. Members with short delivery positions should verify their pay-in obligations promptly to avoid penalties. No broad market impact is anticipated beyond the specific securities listed in the auction attachments (off626, ARR 626).
Impact Justification
Routine demat auction notice for short deliveries in rolling settlement; operationally significant for affected trading members and custodians but limited broad market impact.