SHCIL had recently moved the SEBI for the delay, and asked the regulatory body that BOI Shareholding should pay interest for the period of delay. The exchange should compensate the clients for any corporate benefit that they may have lost owing to their failure to lodge the shares with the registrars on time.

It may be recalled that chaos at the clearing house saw huge gaps in the number of shares delivered to custodians despite the latter having made payments for the same. This was despite the BSE declaring that settlements had been completed. Custodians like SHCIL, Deutsche Bank and Citibank have approached Sebi for its intervention due to continuous delay in getting their shares.

As on Thursday, the value of shares thatstill need to be delivered to SHCIL stand at Rs 1.13 crore, and sources said that this figure is slated to come down further by Friday.

It has for the time being not decided to seek compensation for the amount of custody charge that it has lost for the period the shares were in the custody of the clearing house.

SHCIL has sought a payment of a certain interest for the period for which the shares were not delivered. The quantum of interest would be decided after detailed talks with the clearing house.

It has also asked the clearing house to compensate its clients for all the corporate benefits they may have lost as they could not submit the shares for transfer as these were not in their possession.

The modalities of the compensation would be worked out once the entire mismatch is sorted out. Sebi is already looking into the reasons for the mess at the clearing house and the initial feeling is that it was a case of gross inefficiency. SEBI is waiting for the reconciliation to be completed before takingany action, say officials.