Description
Settlement calendar for takeover offer of Window Glass Limited from July 31 to August 13, 2025 with detailed timeline and early pay-in requirements.
Summary
BSE has announced the settlement schedule for the Offer to Buy Acquisition Window (Takeover) for Window Glass Limited. The takeover process will run from July 31, 2025 to August 13, 2025, with settlement completion on August 29, 2025. Members and custodians must follow specific early pay-in procedures for demat shares.
Key Points
- Settlement Number: 2025066
- Takeover window: July 31, 2025 to August 13, 2025
- Obligation download: August 28, 2025
- Final settlement: August 29, 2025
- Demat shares must be delivered through Early Pay-in mechanism only
- Market Type “(Takeover)” and settlement number 2025066 to be used in depository systems
Regulatory Changes
No new regulatory changes introduced. Process follows existing guidelines from Notice No.20200528-32 dated May 28, 2020 regarding acquisition of shares through Stock Exchange.
Compliance Requirements
- Members/Custodians must use Early Pay-in of Shares mechanism for demat deliveries
- Must specify Market Type “(Takeover)” and settlement No.2025066 in depository systems
- Complete early pay-in process sufficiently in advance of BSE OTB platform deadlines
- No EPN file upload required - securities will be automatically earmarked/blocked
- Refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
Important Dates
- July 31, 2025: Bid start date
- August 13, 2025: Bid end date
- August 28, 2025: Obligation download
- August 29, 2025: Settlement date
Impact Assessment
High impact for Window Glass Limited shareholders and trading members involved in the takeover process. Critical adherence to settlement timelines required to ensure smooth acquisition process. Early pay-in requirements may affect liquidity planning for participating members.
Impact Justification
Critical settlement timeline for takeover process affecting shareholders and trading members