Description

Settlement calendar for takeover offer of RAMCHANDRA LEASING AND FINANCE LIMITED from September 4-18, 2025 with settlement on October 3, 2025.

Summary

BSE has announced the settlement schedule for the Offer to Buy (Acquisition Window/Takeover) for RAMCHANDRA LEASING AND FINANCE LIMITED. The bidding period runs from September 4-18, 2025, with obligation download on October 1, 2025 and final settlement on October 3, 2025.

Key Points

  • Settlement Type: Takeover (Settlement No. 2025080)
  • Bid Period: September 4-18, 2025
  • Obligation Download: October 1, 2025
  • Settlement Date: October 3, 2025
  • Demat shares must be delivered through Early Pay-in mechanism
  • Market Type “(Takeover)” and settlement number 2025080 to be used in depository systems

Regulatory Changes

No new regulatory changes introduced. Existing guidelines for acquisition of shares through Stock Exchange mechanism continue to apply 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 No.2025080 in depository systems
  • Early pay-in must be completed sufficiently in advance before BSE OTB bidding window closure
  • CDSL & NSDL will earmark/block securities in client accounts with requisite market type and settlement number
  • Members should 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 date
  • October 3, 2025: Final settlement date

Impact Assessment

Medium impact limited to shareholders and intermediaries dealing with RAMCHANDRA LEASING AND FINANCE LIMITED. The takeover process requires specific compliance procedures for share delivery and settlement. Members and custodians need to ensure proper coordination with depositories for timely completion of early pay-in requirements.

Impact Justification

Specific takeover settlement schedule affecting shareholders of one company with defined procedures