Description
BSE announces settlement calendar for acquisition window takeover of SER Industries Limited with bid period from August 20 to September 3, 2025.
Summary
BSE has announced the settlement calendar for the Offer to Buy - Acquisition Window (Takeover) for SER Industries Limited. The takeover window will be open from August 20, 2025 to September 3, 2025, with settlement number 2025072.
Key Points
- Takeover bid period: August 20, 2025 to September 3, 2025
- Settlement number: 2025072
- Obligation download date: September 10, 2025
- Settlement date: September 11, 2025
- Demat shares must be delivered through Early Pay-in mechanism only
- Market type “(Takeover)” to be used in depository systems
Regulatory Changes
No new regulatory changes introduced. Process follows existing revised guidelines for share acquisition through stock exchange mechanism as per Notice No.20200528-32 dated May 28, 2020.
Compliance Requirements
- Members/Custodians must use Market Type “(Takeover)” and settlement No.2025072 in depository system
- Early pay-in of securities must be completed sufficiently in advance before BSE OTB bidding window closure
- CDSL & NSDL early pay-in securities will be automatically earmarked/blocked in client accounts
- No EPN file upload required by Members & Custodians
- Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
Important Dates
- Bid Start Date: August 20, 2025
- Bid End Date: September 3, 2025
- Obligation Download: September 10, 2025
- Settlement Date: September 11, 2025
Impact Assessment
This circular affects shareholders of SER Industries Limited who wish to participate in the takeover offer. Market participants including members and custodians need to ensure compliance with early pay-in requirements and use correct settlement parameters. The process is routine for takeover operations with established mechanisms in place.
Impact Justification
Standard takeover procedure affecting specific company shareholders and market participants