Description
Settlement calendar and procedures for the acquisition window takeover of Ramchandra Leasing and Finance Limited from September 4-18, 2025.
Summary
BSE has announced the settlement schedule for the takeover offer of Ramchandra Leasing and Finance Limited. The acquisition window will be conducted from September 4-18, 2025, with settlement number 2025080. The settlement date is scheduled for October 3, 2025, with obligation download on October 1, 2025.
Key Points
- Takeover settlement number: 2025080
- Bid window: September 4-18, 2025
- Demat shares must be delivered through Early Pay-in mechanism only
- Market type “Takeover” must be specified 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 guidelines from Notice No.20200528-32 dated May 28, 2020, regarding the revised mechanism for acquisition of shares through stock exchange.
Compliance Requirements
- Members/Custodians must use Market Type “Takeover” and settlement No.2025080 in depository systems
- Complete early pay-in process sufficiently in advance of BSE OTB platform deadlines
- Ensure early pay-in effects are reflected in BSE/ICCL systems before bid confirmation timelines
- Refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
Important Dates
- September 4, 2025: Bid start date
- September 18, 2025: Bid end date
- October 1, 2025: Obligation download
- October 3, 2025: Settlement date
Impact Assessment
Medium impact limited to shareholders and trading members dealing with Ramchandra Leasing and Finance Limited shares. The structured settlement process ensures orderly execution of the takeover offer with clear timelines and procedures for market participants.
Impact Justification
Specific takeover settlement affecting one company with defined procedures