Description

BSE extends the open offer bidding period for NACL Industries Limited takeover from August 22, 2025 to September 9, 2025, with acquisition window closing on September 8, 2025.

Summary

BSE has announced an extension to the open offer bidding period for the takeover of NACL Industries Limited. This notice continues from the previous notice (20250819-22) dated August 19, 2025. The Manager to Issue, JM Financial Ltd, has revised the schedule for the open offer to run from Friday, August 22, 2025, to Tuesday, September 9, 2025. The acquisition window will close on Monday, September 8, 2025, due to a SEBI holiday.

Key Points

  • Open offer period extended for NACL Industries Limited takeover
  • Manager to Issue: JM Financial Ltd
  • Revised bidding schedule: August 22, 2025 to September 9, 2025
  • Acquisition window closes on September 8, 2025 (one day earlier due to SEBI holiday)
  • Notice issued in continuation of previous notice 20250819-22 dated August 19, 2025
  • Trading Members and Custodians are requested to note the revised schedule

Regulatory Changes

No regulatory changes introduced. This is a procedural notification regarding schedule revision for an ongoing takeover process.

Compliance Requirements

  • Trading Members and Custodians must note the revised schedule for the open offer
  • All bidding activities must be completed within the extended timeline
  • Acquisition window participation must conclude by September 8, 2025
  • Contact BSE officials for any clarifications: Rinkesh Gaikwad or Pinkesh Jha at listing.sales@bseindia.com

Important Dates

  • Open Offer Period: Friday, August 22, 2025 to Tuesday, September 9, 2025
  • Acquisition Window Closes: Monday, September 8, 2025 (due to SEBI holiday on September 9)
  • Notice Date: September 5, 2025
  • Previous Notice Date: August 19, 2025 (Notice No. 20250819-22)

Impact Assessment

Impact on Shareholders: Medium impact on NACL Industries shareholders who wish to participate in the open offer. The extension provides additional time for shareholders to tender their shares.

Impact on Trading Members and Custodians: Operational impact requiring adjustment of internal processes and timelines to accommodate the extended bidding period.

Market Impact: Limited broader market impact as this affects only NACL Industries and parties involved in the takeover process. The extension due to SEBI holiday ensures proper compliance with regulatory requirements and provides adequate opportunity for participation.

Impact Justification

Schedule extension for open offer affects specific stakeholders and shareholders of NACL Industries but has limited broader market impact. Important for those participating in the takeover offer.