Description
Updated settlement dates for the acquisition window takeover of Window Glass Limited with new obligation download and settlement dates.
Summary
BSE has revised the settlement schedule for the Offer to Buy – Acquisition Window (Takeover) for Window Glass Limited. The takeover period ran from July 31, 2025 to August 13, 2025, with updated obligation download and settlement dates.
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
- Market Type “Takeover” and settlement No. 2025035 to be used in depository system
Regulatory Changes
No new regulatory changes introduced. This is a revised schedule for an existing takeover process following previously established 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
Important Dates
- Bid Period: July 31, 2025 to August 13, 2025
- Revised Obligation Download: August 21, 2025
- Revised Settlement Date: August 22, 2025
Impact Assessment
Limited impact as this affects only the specific takeover process for Window Glass Limited. The revision provides clarity on settlement timing for participants in this acquisition window. Members and custodians involved in this takeover need to adjust their settlement processes according to the new dates.
Impact Justification
Revised settlement schedule affects specific takeover process timing for Window Glass Limited