Description

BSE Limited invites offers from trading members for purchase of securities in Demat Auction 633 for Rolling Settlement No. DR-633/2026-27, with auction session on May 20, 2026 and pay-in on May 21, 2026.

Summary

BSE Limited, through Indian Clearing Corporation Ltd. (ICCL), has announced Demat Auction 633 for Rolling Settlement No. DR-633/2026-27. Trading members of the Exchange are invited to submit offers for purchase of securities that were short-delivered in this settlement. The auction offer entry window opens on May 20, 2026, with pay-in scheduled for May 21, 2026.

Key Points

  • Auction is for Rolling Settlement No. DR-633/2026-27
  • Offers accepted on trading terminals on Wednesday, May 20, 2026
  • Auction offer entry: 2:00 PM to 2:45 PM
  • Auction matching: 2:45 PM to 3:00 PM
  • 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: Thursday, May 21, 2026 at 8:00 AM
  • Members and Custodians must check auction pay-in obligations and execute securities pay-in within depository cut-off timings
  • No corrections permitted for punching errors in securities code or rate
  • BSE reserves the right to accept or reject any offer without assigning reasons

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. The restriction on trading members offering securities in auction for settlements in which they have short-delivered such securities has been removed.

Compliance Requirements

  • Trading members must check auction pay-in obligations for securities
  • Securities pay-in must be executed in depositories within depository cut-off timings
  • Members should refer to the cutoff rate shown in the “Auction Offer Entry Screen” before submitting offers
  • Trading members must refer to notices on Corporate Actions (Ex-Rights, Ex-Bonus, Ex-Split, etc.) issued by respective departments
  • Utmost care required when entering securities code and rate — no corrections permitted post-submission

Important Dates

  • May 20, 2026: Auction offer entry (2:00 PM – 2:45 PM), Matching (2:45 PM – 3:00 PM), Reports (3:00 PM – 5:30 PM)
  • May 21, 2026: Auction pay-in at 8:00 AM

Impact Assessment

This is a routine operational notice affecting trading members and custodians with obligations under Rolling Settlement DR-633/2026-27. The removal of the restriction on trading members offering securities in auctions where they had short deliveries is a notable structural change under the Uniform Membership framework, potentially increasing participation and liquidity in auction sessions. Members with short-delivery obligations must act promptly to meet the May 21 pay-in deadline.

Impact Justification

Routine demat auction notice for short-delivered securities in a specific rolling settlement cycle; affects only trading members with short delivery obligations in DR-633/2026-27.