Description

BSE invites offers from trading members for purchase of securities in Demat Auction 630 for Rolling Settlement No. DR-630/2026-27, with auction session on May 15, 2026 and pay-in on May 18, 2026.

Summary

BSE Limited, through Indian Clearing Corporation Ltd. (ICCL), has invited offers from trading members for the purchase of securities in Demat Auction 630, pertaining to Rolling Settlement No. DR-630/2026-27. The auction session is scheduled for May 15, 2026, with pay-in on May 18, 2026.

Key Points

  • Auction offer entry window: 2:00 PM to 2:45 PM on May 15, 2026
  • Auction matching session: 2:45 PM to 3:00 PM on May 15, 2026
  • Delivery statement and accepted auction offer reports available: 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 18, 2026 at 8:00 AM
  • Restriction on trading members offering securities in auctions for settlements where they have short-delivered has been removed following implementation of Uniform Membership structure
  • Settlement is now processed through the Clearing Member of a Trading Member

Regulatory Changes

Following the implementation of the Uniform Membership structure in the Equity Cash Segment, settlement is now conducted through the Clearing Member of a Trading Member. The earlier restriction prohibiting trading members from offering securities in auction for settlements in which they had short-delivered has been lifted.

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 displayed on the “Auction offer Entry Screen” before submitting auction offers
  • Trading members must verify notices related to Corporate Actions (Ex-Rights, Ex-Bonus, Ex-Split, etc.) issued by the respective departments
  • No corrections will be permitted for punching errors in securities code or rate; trading members must exercise utmost care

Important Dates

  • May 15, 2026: Auction session day
    • 2:00 PM – 2:45 PM: Auction offer entry
    • 2:45 PM – 3:00 PM: Auction matching
    • 3:00 PM – 3:30 PM: Delivery statement and accepted offer reports
    • 3:35 PM – 5:30 PM: Money statement and final reports
  • May 18, 2026 (Monday): Auction pay-in at 8:00 AM

Impact Assessment

This is a routine operational notice affecting trading members with short-delivery positions in Rolling Settlement DR-630/2026-27. The removal of the restriction on offering securities in auctions where short delivery occurred (under the new Uniform Membership structure) may provide greater flexibility for trading members. Members and custodians with securities obligations must ensure timely pay-in on May 18, 2026 to avoid further settlement failures. No broad market impact is anticipated.

Impact Justification

Routine demat auction notice for short-delivered securities in a specific rolling settlement cycle; operationally significant for affected trading members but limited broader market impact.