Description

BSE announces the schedule for the takeover offer of Window Glass Limited shares from July 31 to August 13, 2025, with offer price of Rs. 717.50 per share.

Summary

BSE has announced the live activities schedule for the Offer to Buy (Acquisition Window/Takeover) for WINDOW GLASS LIMITED shares. The offer is scheduled from Thursday, July 31, 2025, to Wednesday, August 13, 2025, with an offer price of Rs. 717.50 per share for up to 1,75,684 equity shares.

Key Points

  • Security: WINDOW GLASS LIMITED (Symbol: WINDOW, ISIN: INE902K01018, Scrip Code: 999949)
  • Offer size: Up to 1,75,684 equity shares
  • Offer price: Rs. 717.50 per share
  • Face value: Rs. 10.00
  • Market lot: 1 share
  • Bid offering period: July 31 - August 13, 2025 (9:15 AM - 3:30 PM)
  • Give-up/Take-up period: July 31 - August 12, 2025 (9:15 AM - 3:30 PM)
  • Last day give-up: August 13, 2025 (9:15 AM - 3:30 PM)
  • Last day take-up: August 13, 2025 (9:15 AM - 4:00 PM)

Regulatory Changes

No new regulatory changes introduced. The circular follows existing OTB operational instructions as per Exchange Notices 20150930-1 and 20170203-29.

Compliance Requirements

  • Trading Members must ensure UCC of investors is registered with correct PAN Number and Category
  • Members can only bid for investors having shares in demat form
  • Trading Members and Custodian Members must use designated BSE platforms (iBBS, RTRMS, Extranet)
  • Files on Extranet will be available only after confirmation from Merchant Banker/RTA post-closure

Important Dates

  • Opening Date: Thursday, July 31, 2025
  • Closing Date: Wednesday, August 13, 2025
  • Bid Offering Period: July 31 - August 13, 2025
  • Give-up/Take-up Period: July 31 - August 12, 2025
  • Last Day Operations: August 13, 2025

Impact Assessment

This takeover offer will facilitate the acquisition process for Window Glass Limited shares through BSE’s structured OTB mechanism. The 14-day offer period provides adequate time for investor participation. Trading members need to ensure system readiness and investor compliance for smooth execution of the takeover process.

Impact Justification

Medium importance as it affects specific stock takeover process with defined timeline and procedures for market participants