Description

Settlement calendar for takeover offer of Ramchandra Leasing and Finance Limited from September 4-18, 2025 with obligation download on October 1 and 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 takeover bidding will be conducted from September 4-18, 2025, with settlement number 2025080, obligation download on October 1, 2025, and final settlement on October 3, 2025.

Key Points

  • Takeover bidding period: September 4-18, 2025
  • Settlement number: 2025080
  • Obligation download date: October 1, 2025
  • Settlement date: October 3, 2025
  • Demat shares must be delivered through Early Pay-in mechanism
  • Market type “(Takeover)” to be used in depository systems
  • Securities will be earmarked/blocked in client accounts automatically

Regulatory Changes

No new regulatory changes introduced. The circular follows existing revised guidelines for acquisition of shares through stock exchange 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 system
  • Complete early pay-in process sufficiently in advance of bidding window closure
  • No EPN file upload required as securities are automatically earmarked
  • 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

This takeover offer specifically impacts shareholders of Ramchandra Leasing and Finance Limited and trading members handling the acquisition. The structured settlement schedule ensures orderly processing of the takeover through established BSE/ICCL systems. Market impact is limited to participants in this specific corporate action.

Impact Justification

Takeover settlement schedule affects specific company shareholders and trading members but has limited broader market impact