Description
Settlement calendar for takeover offer of ESAAR (INDIA) LIMITED through acquisition window from September 1-15, 2025.
Summary
BSE has announced the settlement schedule for the takeover offer of ESAAR (INDIA) LIMITED through the acquisition window mechanism. The offer will run from September 1-15, 2025, with settlement number 2025078 and obligation download on September 18, 2025, followed by settlement on September 19, 2025.
Key Points
- Takeover offer period: September 1-15, 2025
- Settlement number: 2025078
- Obligation download date: September 18, 2025
- Final settlement date: September 19, 2025
- Demat shares must be delivered through Early Pay-in mechanism
- Market type designation: “Takeover”
Regulatory Changes
No new regulatory changes introduced. Process follows existing BSE guidelines for acquisition of shares through stock exchange mechanism as per Notice No.20200528-32 dated May 28, 2020.
Compliance Requirements
- Members/Custodians must use Early Pay-in of Shares mechanism for demat share delivery
- Must specify Market Type “Takeover” and settlement number 2025078 in depository system
- Securities must be earmarked/blocked in client accounts with requisite market type and settlement number
- No EPN file upload required from members and custodians
- Early pay-in must be completed sufficiently in advance of bidding window closure
Important Dates
- September 1, 2025: Bid start date
- September 15, 2025: Bid end date
- September 18, 2025: Obligation download date
- September 19, 2025: Settlement date
Impact Assessment
This circular affects participants involved in the ESAAR (INDIA) LIMITED takeover offer. Members and custodians must ensure proper coordination between BSE/ICCL systems and depository systems for seamless settlement. The early pay-in requirement ensures adequate time for processing before bid confirmation deadlines.
Impact Justification
Specific to one company's takeover process with defined settlement procedures