Description
BSE revises settlement dates for Window Glass Limited takeover offer with new obligation and settlement dates of August 21-22, 2025.
Summary
BSE has revised the settlement schedule for the takeover offer of Window Glass Limited. The acquisition window period ran from July 31, 2025 to August 13, 2025, with updated obligation and settlement dates now set for 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
- 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 previously announced settlement dates.
Compliance Requirements
- Members/Custodians must use Early Pay-in of Shares mechanism for demat 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 from Notice No.20200528-32 for acquisition mechanism
Important Dates
- August 21, 2025: Revised Obligation Download Date
- August 22, 2025: Revised Settlement Date
- Original bid period: July 31 - August 13, 2025
Impact Assessment
This revision affects participants in the Window Glass Limited takeover offer by adjusting settlement timelines. The change provides additional time for obligation processing and settlement completion. Impact is limited to this specific takeover transaction and its participants.
Impact Justification
Settlement date revision affects takeover participants but limited to single stock