BSE Limited, through 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-611/2026-27. The auction is scheduled for April 17, 2026, with pay-in on April 20, 2026.

Key Points

• Auction offer entry session: 2:00 PM to 2:45 PM on April 17, 2026
• Auction matching session: 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
• Pay-in of auction securities scheduled for Monday, April 20, 2026 at 8:00 AM
• Settlement will be processed through the Clearing Member of each Trading Member following Uniform Membership structure implementation
• The restriction on trading members offering securities in auction for settlements where they had short deliveries has been removed

Regulatory Changes

Following the implementation of the Uniform Membership structure in the Equity Cash Segment, settlement is now done through the Clearing Member of a Trading Member. The prior restriction preventing trading members from offering securities in auction for settlements in which they had short deliveries 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 on April 20, 2026
• Trading members must refer to the cutoff rate on the Auction Offer Entry Screen before submitting offers
• Trading members must exercise utmost care when entering securities codes and rates — no corrections will be permitted after punching errors
• Members should refer to notices regarding corporate actions (Ex-Rights, Ex-Bonus, Ex-Split, etc.) issued by respective departments

Important Dates

• April 17, 2026: Auction offer entry (2:00 PM – 2:45 PM), matching (2:45 PM – 3:00 PM), and report generation (3:00 PM – 5:30 PM)
• April 20, 2026: Auction pay-in deadline at 8:00 AM

Impact Assessment

This is a routine operational notice applicable to trading members and custodians participating in BSE’s equity cash segment. The removal of the restriction on short-delivering members participating in auctions increases market liquidity in the auction process. Members with outstanding short delivery positions in settlement DR-611/2026-27 should ensure timely securities pay-in to avoid penalties. No broad market impact is expected beyond participants in this specific settlement cycle.

BSE Limited (via Indian Clearing Corporation Ltd.) has announced Demat Auction 609 for Rolling Settlement No. DR-609/2026-27. Trading members are invited to submit offers for the purchase of securities through their trading terminals on April 15, 2026. The auction covers short-delivered securities in the equity segment.

Key Points

• Auction offer entry is open on April 15, 2026 between 2:00 PM and 2:45 PM
• Auction matching takes place from 2:45 PM to 3:00 PM
• Delivery statements and reports of accepted auction offers are available from 3:00 PM to 3:30 PM
• Money statements and final reports are available from 3:35 PM to 5:30 PM
• Pay-in for the auction is scheduled on April 16, 2026 at 8:00 AM
• Settlement is processed through the Clearing Member of the Trading Member under the Uniform Membership structure
• Restriction on trading members offering securities in auctions for settlements where they have 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 a Trading Member. The earlier restriction on trading members offering securities in auction for settlements in which they had short-delivered such securities 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 shown in the “Auction Offer Entry Screen” before submitting offers
• Members should review notices issued by respective departments regarding Corporate Actions (Ex-Rights, Ex-Bonus, Ex-Split, etc.) for relevant scrips
• Utmost care must be taken while entering securities codes and rates, as no corrections will be allowed after submission

Important Dates

Impact Assessment

This is a routine operational notice affecting trading members and custodians who have short-delivery obligations in Rolling Settlement DR-609/2026-27. The auction mechanism allows the exchange to source securities that were not delivered by the original sellers. Members with open short-delivery positions must participate or ensure obligations are met. The removal of the restriction on offering in the same settlement where short-delivery occurred provides slightly more flexibility to members. No broad market impact is expected.