Description
BSE Limited invites auction offers from trading members for purchase of securities under Rolling Settlement No. DR-627/2026-27, scheduled for May 12, 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 627, pertaining to Rolling Settlement No. DR-627/2026-27. The auction is scheduled for May 12, 2026, with pay-in on May 13, 2026.
Key Points
- Auction offers will be accepted on trading terminals on Tuesday, May 12, 2026 from 2:00 PM to 2:45 PM
- Auction matching will occur from 2:45 PM to 3:00 PM
- Delivery statements and accepted auction offer reports will be available from 3:00 PM to 3:30 PM
- Money statements and final reports will be issued from 3:35 PM to 5:30 PM
- Securities pay-in (auction) is scheduled for Wednesday, May 13, 2026 at 8:00 AM
- Under the Uniform Membership structure in Equity Cash Segment, settlement is processed through the Clearing Member of a Trading Member
- The restriction on trading members offering securities in auctions for settlements in which they have short delivered has been removed
- No corrections will be permitted for punching errors in securities code or rate
Regulatory Changes
Following implementation of the Uniform Membership structure in Equity Cash Segment, settlement is now done through the Clearing Member of a Trading Member. The prior restriction on trading members offering securities in an auction for a settlement in which they had short delivered such securities 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 refer to notices on Corporate Actions (Ex-Rights, Ex-Bonus, Ex-Split, etc.) from time to time
- Trading members must exercise utmost care when entering securities codes and rates, as no corrections will be permitted after submission
Important Dates
- May 12, 2026: Auction offer entry (2:00 PM – 2:45 PM), Auction matching (2:45 PM – 3:00 PM), Delivery statements (3:00 PM – 3:30 PM), Money statements (3:35 PM – 5:30 PM)
- May 13, 2026: Auction pay-in at 8:00 AM
Impact Assessment
This is a routine operational notice affecting trading members and custodians involved in Rolling Settlement DR-627/2026-27. Members with short delivery obligations should promptly review their pay-in requirements and ensure timely securities delivery via depositories. The removal of the restriction on offering securities in auctions for settlements with short deliveries provides greater flexibility to trading members. Errors in offer entry cannot be corrected, making accuracy critical during the auction session.
Impact Justification
Routine demat auction notice for settlement of short deliveries; operationally important for affected trading members but limited broad market impact.