I am not getting a correct answer from your team on physical delivery.
I defaulted on physical delivery on Thu last week (did not have shares in my account). The price that day for Berger Paints was Rs. 525. Yesterday (T+2) the price was Rs. 504. I want to understand what day’s EOD price will be taken as the floor price for the auction. Is it T+2 or T+3 or T+4.
Please note that I am not asking about the additional penalty charged, I am trying to understand at what floor price the auction would happen. I would appreciate a quick response.