Description
BSE revises settlement schedule for NACL Industries Limited takeover offer, extending bid end date to September 9, 2025.
Summary
BSE has revised the settlement schedule for the Offer to Buy (Acquisition Window) takeover of NACL Industries Limited. The bid period has been extended from the original end date to September 9, 2025, with corresponding adjustments to settlement dates.
Key Points
- Takeover settlement number: 2025074
- Bid period: August 22, 2025 to September 9, 2025 (revised)
- Obligation download date: September 19, 2025
- Revised settlement date: September 22, 2025
- Demat shares must be delivered through Early Pay-in mechanism
Regulatory Changes
No new regulatory changes introduced - this is a schedule revision for an existing takeover process.
Compliance Requirements
- Members/Custodians must use Market Type “Takeover” and settlement No. 2025074 in depository systems
- Demat shares delivery only through Early Pay-in of Shares mechanism available in both depositories
- Members must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
- Compliance with revised guidelines for share acquisition through stock exchange (Notice No. 20200528-32)
Important Dates
- Bid Start Date: August 22, 2025
- Revised Bid End Date: September 9, 2025
- Obligation Download: September 19, 2025
- Revised Settlement Date: September 22, 2025
Impact Assessment
The revision provides additional time for shareholders to participate in the NACL Industries takeover offer. The extension may indicate either lower-than-expected participation or regulatory requirements necessitating the schedule change. Members and custodians need to update their systems with the revised timeline.
Impact Justification
Settlement schedule revision affects specific takeover timeline for NACL Industries shareholders