Description
Revised settlement calendar for the takeover offer of WINDOW GLASS LIMITED, extending settlement dates from August 21-22, 2025.
Summary
BSE has issued a revised settlement schedule for the Offer to Buy – Acquisition Window (Takeover) for WINDOW GLASS LIMITED. The takeover offer was conducted from July 31, 2025 to August 13, 2025, with revised settlement obligations and dates updated to August 21-22, 2025.
Key Points
- Settlement Type: Takeover (Settlement No. 2025066)
- Bid Period: July 31, 2025 to August 13, 2025
- Revised Obligation Download Date: August 21, 2025
- Revised Settlement Date: August 22, 2025
- Demat shares must be delivered through Early Pay-in mechanism only
- Market Type “Takeover” and settlement No. 2025035 to be used in depository system
Regulatory Changes
No new regulatory changes introduced. This is a revision of existing settlement schedule as per established takeover guidelines.
Compliance Requirements
- Members/Custodians must use Early Pay-in of Shares mechanism for demat share delivery
- Must specify Market Type “(Takeover)” and settlement No. 2025035 in depository system
- Refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
- Follow guidelines per Notice No.20200528-32 dated May 28, 2020 for acquisition mechanism
Important Dates
- Bid Start Date: July 31, 2025
- Bid End Date: August 13, 2025
- Revised Obligation Download: August 21, 2025
- Revised Settlement Date: August 22, 2025
Impact Assessment
Medium impact limited to WINDOW GLASS LIMITED shareholders and trading members involved in the takeover process. The revision provides updated settlement timeline for proper execution of the acquisition window takeover.
Impact Justification
Revised settlement schedule for takeover affects specific company shareholders and trading members