Description

BSE announces revised settlement calendar for takeover offer of ADOR MULTI PRODUCTS LIMITED with new obligation download and settlement dates.

Summary

BSE has issued a revised settlement schedule for the takeover offer of ADOR MULTI PRODUCTS LIMITED. The acquisition window that ran from July 11-24, 2025, now has updated obligation download and settlement dates of July 29 and 30, 2025, respectively. This revision affects Settlement No. 2025053 and requires members to use specific procedures for demat share delivery.

Key Points

  • Revised settlement calendar for ADOR MULTI PRODUCTS LIMITED takeover offer
  • Bid period: July 11, 2025 to July 24, 2025
  • New obligation download date: July 29, 2025
  • New settlement date: July 30, 2025
  • Settlement number: 2025053
  • Demat shares must be delivered through Early Pay-in mechanism only

Regulatory Changes

No new regulatory changes introduced. This is a revision to previously announced settlement schedule as per existing takeover guidelines.

Compliance Requirements

  • Members/Custodians must deliver demat shares only through Early Pay-in of Shares mechanism
  • Must use Market Type “Takeover” and settlement number 2025035 in depository systems
  • Members must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
  • Follow revised guidelines for acquisition of shares through stock exchange as per Notice No. 20200528-32

Important Dates

  • Bid Period: July 11, 2025 to July 24, 2025
  • Revised Obligation Download: July 29, 2025
  • Revised Settlement Date: July 30, 2025
  • Notice Reference: Original Notice No. 20250709-8

Impact Assessment

This revision provides additional time for settlement processing, reducing operational pressure on members and custodians. The change primarily affects participants in the ADOR MULTI PRODUCTS LIMITED takeover offer, ensuring smooth settlement operations. Early Pay-in mechanism requirement maintains settlement efficiency while the revised timeline accommodates processing requirements.

Impact Justification

Affects specific takeover settlement timeline for ADOR MULTI PRODUCTS LIMITED, impacting shareholders and trading members participating in the acquisition offer