Description

Settlement calendar and procedures for NACL Industries Limited takeover offer to buy through acquisition window from August 22 to September 8, 2025.

Summary

BSE has announced the settlement schedule for the Offer to Buy (Acquisition Window) takeover for NACL Industries Limited. The takeover window will be conducted from August 22, 2025, to September 8, 2025, with settlement number 2025074, obligation download on September 19, 2025, and final settlement on September 22, 2025.

Key Points

  • Takeover bidding period: August 22, 2025 to September 8, 2025
  • Settlement number: 2025074
  • Demat shares must be delivered through Early Pay-in mechanism only
  • Market type “(Takeover)” and settlement number must be used in depository systems
  • Early pay-in securities will be automatically earmarked/blocked in client accounts
  • No EPN file upload required for members and custodians

Regulatory Changes

No new regulatory changes introduced. The circular follows existing revised guidelines for acquisition of shares through stock exchange as per Notice No.20200528-32 dated May 28, 2020.

Compliance Requirements

  • Members/Custodians must use Early Pay-in of Shares mechanism available in both depositories
  • Must specify Market Type “(Takeover)” and settlement No.2025074 in depository system
  • Must complete early pay-in process sufficiently in advance before BSE OTB bidding window closure
  • Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges

Important Dates

  • Bid Start Date: August 22, 2025
  • Bid End Date: September 8, 2025
  • Obligation Download: September 19, 2025
  • Settlement Date: September 22, 2025

Impact Assessment

This circular affects participants involved in the NACL Industries Limited takeover process. The structured settlement schedule ensures orderly processing of the acquisition window with clear timelines for bid submission, obligation download, and final settlement. The mandatory use of early pay-in mechanism ensures proper delivery of demat shares and reduces settlement risk.

Impact Justification

Affects specific company takeover process with defined timelines for market participants