Description

Schedule for acquisition window takeover offer for SER Industries Ltd from August 20 to September 3, 2025, with offer price of Rs. 35 per share.

Summary

BSE announces the schedule for Offer to Buy – Acquisition Window (Takeover) for SER Industries Ltd, running from August 20 to September 3, 2025. The offer is for up to 2,57,294 equity shares at Rs. 35 per share, targeting various investor categories including FIIs, mutual funds, and individual investors.

Key Points

  • Security: SER Industries Ltd (SERIND, INE358F01013, Scrip Code 507984)
  • Offer size: Up to 2,57,294 equity shares
  • Offer price: Rs. 35.00 per share (Face value Rs. 10.00)
  • Market lot: 1 share
  • Bid offering period: 9:15 AM to 3:30 PM daily
  • Give-up/Take-up sessions available with specific timings
  • Multiple investor categories eligible: FII, FI, MF, IC, OTH, NOH, CO, IND

Regulatory Changes

No regulatory changes introduced. This circular provides operational guidelines for the specific takeover offer following existing OTB framework established in earlier circulars from 2015 and 2017.

Compliance Requirements

  • Trading members must ensure investor UCC registration with correct PAN and category
  • Members can only bid for investors holding shares in demat form
  • Proper login credentials required for iBBS, RTRMS, and Extranet platforms
  • Reference to Exchange Notices 20150930-1 and 20170203-29 for operational instructions

Important Dates

  • Opening Date: August 20, 2025
  • Closing Date: September 3, 2025
  • Bid Offering Period: August 20 - September 3, 2025 (9:15 AM - 3:30 PM)
  • Give-up/Take-up: August 20 - September 2, 2025 (9:15 AM - 3:30 PM)
  • Last Day Give-up: September 3, 2025 (9:15 AM - 3:30 PM)
  • Last Day Take-up: September 3, 2025 (9:15 AM - 4:00 PM)

Impact Assessment

Medium impact limited to SER Industries Ltd shareholders and participating trading members. The takeover offer provides exit opportunity for existing shareholders at Rs. 35 per share. Trading members need to ensure system readiness and proper investor registration. Contact details provided for technical support across multiple platforms (iBBS, RTRMS, Extranet).

Impact Justification

Company-specific takeover offer with defined timeline and procedures for market participants