Description

BSE announces revised settlement calendar for the takeover offer of NACL Industries Limited, extending the bid end date to September 9, 2025.

Summary

BSE has issued a revised settlement schedule for the Offer to Buy – Acquisition Window (Takeover) for NACL Industries Limited. The bid end date has been extended from the original schedule to September 9, 2025, with the settlement date now scheduled for September 22, 2025. This revision updates the earlier notice dated August 20, 2025.

Key Points

  • Settlement Type: Takeover (Settlement No. 2025074)
  • Bid period: August 22, 2025 to September 9, 2025 (revised)
  • Obligation download date: September 19, 2025
  • Settlement date: September 22, 2025
  • Demat shares must be delivered through Early Pay-in of Shares mechanism available in both depositories
  • Market Type “Takeover” and Settlement No. 2025074 to be used in depository system
  • Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges

Regulatory Changes

This circular revises the settlement calendar previously announced in Notice No. 20250820-5. The primary change is the extension of the bid end date from the original schedule to September 9, 2025, providing additional time for shareholders to participate in the takeover offer.

Compliance Requirements

  • Members and custodians must use Early Pay-in of Shares mechanism for delivering demat shares
  • Market Type “Takeover” and Settlement No. 2025074 must be specified in depository system transactions
  • Members and custodians should refer to Notice No. 20200528-32 dated May 28, 2020 regarding settlement as per revised guidelines for acquisition of shares through stock exchange
  • Members must check MBRSTD_OTB_CM_mmm_SettNo file for applicable client-wise stamp duty charges
  • For clarifications, contact ICCL Help Desk at 022-69158590/45720490/45720690 or iccl.helpdesk@icclindia.com

Important Dates

  • Bid Start Date: August 22, 2025
  • Revised Bid End Date: September 9, 2025
  • Obligation Download: September 19, 2025
  • Settlement Date: September 22, 2025
  • Notice Date: September 5, 2025
  • Reference Notice: Notice No. 20250820-5

Impact Assessment

Market Impact: Medium - affects shareholders of NACL Industries Limited who wish to participate in the takeover offer

Operational Impact: Members and custodians handling NACL Industries shares need to adjust their settlement timelines and ensure compliance with Early Pay-in requirements. The extension provides additional time for shareholders to tender their shares in the acquisition window.

Stakeholder Impact: Beneficial for shareholders as it extends the bid period, allowing more time for decision-making and participation in the takeover offer.

Impact Justification

Affects shareholders and members participating in the NACL Industries takeover offer with revised timelines for settlement