Description
BSE Limited invites auction offers from trading members for purchase of securities under Rolling Settlement No. DR-628/2026-27, with offer entry on May 13, 2026 and pay-in on May 14, 2026.
Summary
BSE Limited, through the Indian Clearing Corporation Ltd. (ICCL), has issued a notice inviting auction offers from trading members for the purchase of securities under Rolling Settlement No. DR-628/2026-27. The auction offer entry session is scheduled for May 13, 2026, with pay-in on May 14, 2026.
Key Points
- Auction offer entry window: 2:00 PM to 2:45 PM on May 13, 2026
- Auction matching: 2:45 PM to 3:00 PM on May 13, 2026
- 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: May 14, 2026 at 8:00 AM
- Settlement will be processed through the Clearing Member of the Trading Member, following the Uniform Membership structure in the Equity Cash Segment
- The restriction on trading members offering securities in auction for settlements in which they had short delivered is now removed
- No corrections will be permitted for punching errors in securities code or rate
Regulatory Changes
Following the implementation of the Uniform Membership structure in the Equity Cash Segment, settlement for auction trades is now routed through the Clearing Member of a Trading Member. Additionally, the earlier restriction preventing trading members from offering securities in auction for settlements where 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 displayed on the “Auction Offer Entry Screen” before submitting offers
- Trading members must review notices issued for Corporate Actions (ex-rights, ex-bonus, ex-split, etc.) for relevant scrips before submitting offers
- Utmost care must be taken while entering securities codes and rates, as no corrections will be permitted after submission
Important Dates
- May 13, 2026: Auction offer entry (2:00 PM – 2:45 PM), Matching (2:45 PM – 3:00 PM), Delivery statements (3:00 PM – 3:30 PM), Final reports (3:35 PM – 5:30 PM)
- May 14, 2026: Auction pay-in at 8:00 AM
Impact Assessment
This is a routine demat auction notice applicable to trading members and custodians participating in Rolling Settlement DR-628/2026-27. The notice has moderate operational impact as it requires members to act within tight intraday windows. The removal of the restriction on short-delivered securities offering in auction may slightly expand participation eligibility. Members must ensure timely securities pay-in to avoid default. No broader market or systemic impact is expected.
Impact Justification
Routine demat auction notice for a specific rolling settlement cycle affecting trading and clearing members; no systemic regulatory change, but time-sensitive for members with short delivery obligations.