Description
Settlement calendar for takeover offer of SML Isuzu Limited through BSE acquisition window from August 8-22, 2025.
Summary
BSE has announced the settlement schedule for the takeover offer of SML Isuzu Limited through the acquisition window mechanism. The bidding period runs from August 8-22, 2025, with settlement on September 9, 2025.
Key Points
- Takeover settlement number: 2025069
- Bidding period: August 8-22, 2025
- Obligation download: September 8, 2025
- Final settlement: September 9, 2025
- Demat shares must be delivered through Early Pay-in mechanism only
- Market type “Takeover” and settlement number 2025069 to be used in depository systems
Regulatory Changes
No new regulatory changes. References existing guidelines from Notice No.20200528-32 dated May 28, 2020 regarding revised mechanism for acquisition of shares through stock exchange.
Compliance Requirements
- Members/Custodians must use Early Pay-in of Shares mechanism for demat delivery
- Securities must be delivered through both CDSL and NSDL depositories
- Early pay-in must be completed before BSE OTB bidding window closure
- Members must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
- No EPN file upload required as securities will be automatically earmarked/blocked
Important Dates
- August 8, 2025: Bid start date
- August 22, 2025: Bid end date
- September 8, 2025: Obligation download
- September 9, 2025: Settlement date
Impact Assessment
Medium impact limited to SML Isuzu Limited shareholders and trading members participating in the takeover offer. Requires adherence to specific settlement procedures and early pay-in mechanisms through depositories.
Impact Justification
Corporate action affecting specific stock with defined settlement procedures