What is sale proceeds

The money or cash that you will receive from a sale of an asset is called Sale proceeds. In this case, it could be, you must have sold shares and the cash expected from the sale of the shares is called sale proceeds.

Sale proceeds means the funds you recieve from selling shares. If you sell shares from holdings and you thoese for trading in other shares or F&O and later buy back the shares. There can potentially be peak margin penalty. You can lean more about this here.