Description

BSE announces the schedule for NACL Industries takeover offer from August 22 to September 8, 2025, with offer price of Rs. 76.70 per share for up to 5.25 crore equity shares.

Summary

BSE has announced the complete schedule for the Offer to Buy (Acquisition Window/Takeover) for NACL Industries Limited. The offer will run from August 22 to September 8, 2025, targeting up to 5,24,62,320 equity shares at Rs. 76.70 per share. The circular provides detailed operational instructions, system access URLs, and contact information for trading members and custodians.

Key Points

  • Security: NACL Industries Limited (Symbol: NACLIND, ISIN: INE295D01020)
  • Offer Size: Up to 5,24,62,320 equity shares (market lot of 1 share)
  • Offer Price: Rs. 76.70 per share (face value Rs. 1.00)
  • Duration: 18 days from August 22 to September 8, 2025
  • Session Timings: 9:15 AM to 3:30 PM (extended to 4:00 PM on last day for take-up)
  • Multiple investor categories eligible: FII, FI, MF, IC, QIBs, Companies, Individuals
  • System access through iBBS, RTRMS, and Extranet platforms

Regulatory Changes

No new regulatory changes introduced. The circular references existing operational instructions from Exchange Notices 20150930-1 (September 30, 2015) and 20170203-29 (February 3, 2017) for OTB participation guidelines.

Compliance Requirements

  • Trading Members: Must ensure investor UCC registration with correct PAN numbers and categories in Exchange database
  • Eligibility: Only investors holding shares in demat form can participate through trading members
  • Bid Acceptance: Files for bid acceptance available on Extranet only after confirmation from Merchant Banker/RTA post-issue closure
  • System Access: Members must use specified URLs for Internet and Leased Line access to trading platforms

Important Dates

  • Offer Opening: Friday, August 22, 2025
  • Bid Offering Period: August 22 - September 8, 2025 (9:15 AM - 3:30 PM)
  • Give-up/Take-up Period: August 22 - September 5, 2025 (9:15 AM - 3:30 PM)
  • Last Day Give-up: September 8, 2025 (9:15 AM - 3:30 PM)
  • Last Day Take-up: September 8, 2025 (9:15 AM - 4:00 PM extended)
  • Offer Closing: Monday, September 8, 2025

Impact Assessment

High Impact: This takeover offer represents a significant corporate action affecting NACL Industries shareholders. The 18-day offer period and substantial share volume (over 5 crore shares) indicate major ownership changes. Trading members and custodians must ensure operational readiness for multiple investor categories. The detailed technical requirements and extended trading hours on the final day suggest high anticipated participation levels requiring robust system preparedness.

Impact Justification

Major corporate action involving takeover of significant number of shares with specific operational requirements for market participants