The penalty for short delivery is determined based on the higher
of the following two values:
Highest Traded Price between T and T+1:
This refers to the maximum price at which the stock was traded from the
transaction day (T) up to the end of the next trading day (T+1).
Official Auction Market Closing Price on T+1 + 20%:
This is the closing price of the stock in the auction market on T+1, increased
by 20%.
Final Penalty Basis:
The higher value between these two is used as the reference price to calculate
the short delivery penalty.