Description
BSE announces settlement schedule for offer to buy acquisition window (takeover) for ESAAR (INDIA) LIMITED from September 1-15, 2025.
Summary
BSE has announced the settlement schedule for the offer to buy acquisition window (takeover) for ESAAR (INDIA) LIMITED. The takeover window will operate from September 1-15, 2025, with settlement number 2025078.
Key Points
- Takeover bidding period: September 1-15, 2025
- Settlement number: 2025078
- Obligation download: September 18, 2025
- Settlement date: September 19, 2025
- Demat shares must be delivered through Early Pay-in mechanism only
- Market type “Takeover” must be specified in depository systems
Regulatory Changes
No new regulatory changes introduced. Process follows existing revised guidelines per Notice No.20200528-32 dated May 28, 2020.
Compliance Requirements
- Members/Custodians must use Early Pay-in of Shares mechanism for demat delivery
- Must specify Market Type “Takeover” and settlement number 2025078 in depository system
- Securities will be automatically earmarked/blocked in client accounts
- No EPN file upload required
- Early pay-in must be completed sufficiently in advance of bidding/confirmation deadlines
- Members must refer to MBRSTD_OTB_CM_mmm_SettNo file for stamp duty charges
Important Dates
- September 1, 2025: Bid start date
- September 15, 2025: Bid end date
- September 18, 2025: Obligation download
- September 19, 2025: Settlement date
Impact Assessment
Medium impact limited to ESAAR (INDIA) LIMITED shareholders and members participating in the takeover process. Requires coordination between members, custodians, and depositories for proper settlement execution.
Impact Justification
Company-specific takeover settlement schedule with mandatory compliance requirements for members and custodians