Description
BSE invites auction offers from trading members for purchase of securities under Rolling Settlement No. DR-631/2026-27, with auction session on May 18, 2026 and pay-in on May 19, 2026.
Summary
BSE Limited, through Indian Clearing Corporation Ltd (ICCL), has issued a notice for Demat Auction 631 inviting offers from trading members for the purchase of securities under Rolling Settlement No. DR-631/2026-27. The auction session is scheduled for Monday, May 18, 2026, with pay-in on May 19, 2026.
Key Points
- Auction offers will be accepted on trading terminals on May 18, 2026 from 2:00 PM to 2:45 PM
- Auction matching will take place from 2:45 PM to 3:00 PM
- Delivery statements and reports of accepted auction offers will be available from 3:00 PM to 3:30 PM
- Money statements and final reports will be available from 3:35 PM to 5:30 PM
- Pay-in of the auction will be held on Tuesday, May 19, 2026 at 8:00 AM
- Settlement will be processed through the Clearing Member of the Trading Member under the Uniform Membership structure
- The restriction on trading members offering securities in the same settlement where they 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 the Equity Cash Segment, settlement is now done through the Clearing Member of a Trading Member. Additionally, the earlier restriction preventing trading members from offering securities in auction for the same settlement in which they had short delivered has been removed.
Compliance Requirements
- Trading members must submit auction offers via trading terminals within the specified session window (2:00 PM – 2:45 PM on May 18, 2026)
- 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 on May 19, 2026
- Trading members must refer to the cutoff rate shown in the “Auction Offer Entry Screen” before submitting offers
- Trading members must refer to notices regarding Corporate Actions (Ex-Rights, Ex-Bonus, Ex-Split, etc.) for relevant scrips before submitting auction offers
Important Dates
- May 18, 2026: Auction offer entry session (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 19, 2026: Auction pay-in at 8:00 AM
Impact Assessment
This is a routine operational circular affecting trading members and custodians who have short-delivery obligations under Rolling Settlement DR-631/2026-27. The removal of the restriction on trading members offering securities in auctions for the same settlement where they short delivered may provide additional flexibility in fulfilling obligations. Trading members must exercise caution when entering securities codes and rates, as no corrections will be allowed post-entry. Overall market impact is limited to participants with outstanding short-delivery positions in this settlement cycle.
Impact Justification
Routine demat auction notice for short-delivered securities under rolling settlement; affects trading and clearing members with auction obligations but is a standard operational circular.