Description

Revised settlement calendar for Offer to Buy - Acquisition Window (Takeover) of KOLTE-PATIL DEVELOPERS LTD extending bid end date to 09/09/2025 with settlement on 22/09/2025.

Summary

BSE has revised the settlement schedule for the Offer to Buy - Acquisition Window (Takeover) of KOLTE-PATIL DEVELOPERS LTD. The bid end date has been extended from 08/09/2025 to 09/09/2025, with corresponding adjustments to obligation download and settlement dates. This revision updates the previously issued Notice No. 20250819-8.

Key Points

  • Takeover Settlement No.: 2025073
  • Bid Start Date: 22/08/2025 (unchanged)
  • Revised Bid End Date: 09/09/2025 (extended by 1 day)
  • Obligation Download Date: 19/09/2025
  • Settlement Date: 22/09/2025
  • Demat shares must be delivered only through Early Pay-in of Shares mechanism available in both depositories
  • Market Type “Takeover” and Settlement No. 2025073 to be used by Members/Custodians in depository system

Regulatory Changes

No new regulatory changes introduced. This circular revises the previously announced settlement schedule under the existing framework for acquisition of shares through Stock Exchange as per Revised Guidelines.

Compliance Requirements

  • Members/Custodians must use Market Type “Takeover” and Settlement No. 2025073 in depository system
  • Demat shares delivery only through Early Pay-in of Shares mechanism (both depositories)
  • Members must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
  • Members/Custodians should refer to Notice No. 20200528-32 dated May 28, 2020 regarding settlement as per Revised Guidelines

Important Dates

  • Bid Start Date: 22/08/2025
  • Revised Bid End Date: 09/09/2025
  • Obligation Download: 19/09/2025
  • Settlement Date: 22/09/2025

Impact Assessment

Market Impact: Medium - Extension of bid period by one day provides additional time for shareholders to participate in the takeover offer for KOLTE-PATIL DEVELOPERS LTD.

Operational Impact: Medium - Members and custodians need to adjust their settlement timelines and ensure compliance with early pay-in mechanisms. The revised schedule affects clearing and settlement operations for participants in this acquisition window.

Stakeholder Impact: Beneficial for shareholders who may need additional time to tender shares in the takeover offer. Members must update their systems and inform clients of the revised timeline.

Impact Justification

Revised settlement schedule for takeover bid affects shareholders and members participating in acquisition window for KOLTE-PATIL DEVELOPERS LTD