Description

BSE invites auction offers from trading members for purchase of securities under Rolling Settlement No. DR-629/2026-27, with offer entry on May 14, 2026 and pay-in on May 15, 2026.

Summary

BSE Limited, through the Indian Clearing Corporation Ltd. (ICCL), has announced Demat Auction 629 for Rolling Settlement No. DR-629/2026-27. Trading members are invited to submit offers for purchase of securities that were short-delivered, with auction offer entry scheduled for May 14, 2026 and pay-in on May 15, 2026.

Key Points

  • Auction is for Rolling Settlement No. DR-629/2026-27 in the Equity segment.
  • Auction offer entry window: 02:00 PM to 02:45 PM on May 14, 2026.
  • Auction matching session: 02:45 PM to 03:00 PM on May 14, 2026.
  • Delivery statements and accepted auction offer reports available: 03:00 PM to 03:30 PM.
  • Money statements and final reports available: 03:35 PM to 05:30 PM.
  • Auction pay-in will be held on Friday, May 15, 2026 at 08:00 AM.
  • Settlement is processed through the Clearing Member of a Trading Member under the Uniform Membership structure.
  • The earlier restriction on trading members offering securities in auctions for settlements in which they had short-delivered has been 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 is now routed through the Clearing Member of the Trading Member. Additionally, the restriction that previously prevented 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 the depository cut-off timings.
  • Members must refer to the cutoff rate shown in the “Auction Offer Entry Screen” before submitting offers.
  • Members should review notices from respective departments regarding Corporate Actions (Ex-Rights, Ex-Bonus, Ex-Split, etc.) before submitting offers.
  • Utmost care must be taken while entering securities codes and rates, as no corrections will be allowed post-submission.

Important Dates

  • May 14, 2026: Auction offer entry (02:00 PM – 02:45 PM), Matching (02:45 PM – 03:00 PM), Reports available (03:00 PM – 05:30 PM).
  • May 15, 2026: Auction pay-in at 08:00 AM.

Impact Assessment

This is a routine operational notice affecting trading members and custodians participating in the Equity segment. The removal of the restriction on offering securities in auctions for settlements with short deliveries increases flexibility for trading members. Members with short-delivery obligations in DR-629/2026-27 must act promptly within the defined session timings to avoid settlement failures. The tight auction window (45 minutes for offer entry) requires members to be prepared in advance.

Impact Justification

Routine demat auction notice for short-delivered securities in rolling settlement; affects trading and clearing members with specific pay-in obligations but limited broader market impact.