•A technical issue at a depository disrupted the T+1 settlement cycle, causing delays in share credits, payouts, and auctions.
•Zerodha co-founder Nithin Kamath explained the problem on X, detailing how inter-depository transfer issues prevented share movement.
•The disruption meant shares from Tuesday's trades were not credited or debited, hindering the Clearing Corporation's ability to identify short deliveries.
•Incomplete settlement affected investors and brokers, with bought shares stuck in pending T+1 status and sale proceeds delayed.
•Kamath expects the backlog to clear over the weekend, with normal settlement operations resuming by Monday.
