Description

Settlement calendar for takeover acquisition window of ESAAR (INDIA) LIMITED from September 1-15, 2025 with obligation download on September 18 and settlement on September 19, 2025.

Summary

BSE has announced the settlement schedule for the Offer to Buy – Acquisition Window (Takeover) for ESAAR (INDIA) LIMITED. The takeover window will be open from September 1-15, 2025, with settlement number 2025078, obligation download on September 18, 2025, and final settlement on September 19, 2025.

Key Points

  • Takeover acquisition window period: September 1-15, 2025
  • Settlement number: 2025078
  • Obligation download date: September 18, 2025
  • Settlement date: September 19, 2025
  • Demat shares must be delivered through Early Pay-in of Shares mechanism
  • Market type designation: “Takeover” to be used in depository systems
  • Members must complete early pay-in process before BSE OTB platform deadlines

Regulatory Changes

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

Compliance Requirements

  • Members/Custodians must use Market Type “Takeover” and settlement number 2025078 in depository systems
  • Early pay-in of securities must be completed sufficiently in advance of BSE OTB bidding window closure
  • CDSL & NSDL early pay-in securities will be earmarked/blocked in client accounts
  • No EPN file upload required for Members & Custodians
  • Members must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise 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

This takeover affects ESAAR (INDIA) LIMITED shareholders and requires coordination between BSE, depositories (CDSL/NSDL), and market participants. The structured timeline ensures orderly acquisition process with clear settlement obligations. Impact is company-specific but requires adherence to established takeover settlement procedures by all participating entities.

Impact Justification

Company-specific takeover settlement with defined timelines affecting shareholders and market participants of ESAAR (INDIA) LIMITED