Description

Settlement calendar and procedures for the takeover offer of Hindustan Agrigenetics Limited through BSE acquisition window from September 9-22, 2025.

Summary

BSE has announced the settlement schedule for the Offer to Buy - Acquisition Window (Takeover) for Hindustan Agrigenetics Limited. The takeover bidding will be conducted from September 9, 2025, to September 22, 2025, with settlement scheduled for October 7, 2025.

Key Points

  • Settlement Type: Takeover (Settlement No. 2025081)
  • Bid Period: September 9, 2025 to September 22, 2025
  • Obligation Download: October 6, 2025
  • Settlement Date: October 7, 2025
  • Demat shares must be delivered through Early Pay-in mechanism only
  • Market Type “Takeover” and Settlement No. 2025081 to be used in depository systems

Regulatory Changes

No new regulatory changes introduced. The circular references existing guidelines from Notice No. 20200528-32 dated May 28, 2020, regarding settlement as per Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange.

Compliance Requirements

  • Members/Custodians must use Early Pay-in of Shares mechanism available in both depositories
  • Must specify Market Type “Takeover” and Settlement No. 2025081 in depository system
  • Complete early pay-in process sufficiently in advance before BSE OTB bidding window closure
  • Securities will be earmarked/blocked in clients’ accounts with requisite market type and settlement number
  • No EPN file upload required for Members & Custodians
  • Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges

Important Dates

  • Bid Start Date: September 9, 2025
  • Bid End Date: September 22, 2025
  • Obligation Download: October 6, 2025
  • Settlement Date: October 7, 2025

Impact Assessment

The takeover process will impact shareholders of Hindustan Agrigenetics Limited and market participants involved in the acquisition. The structured settlement schedule ensures orderly processing of the takeover offer. Members and custodians need to ensure compliance with early pay-in requirements to avoid settlement issues. Contact available through ICCL Help Desk for clarifications.

Impact Justification

High importance due to takeover proceedings with specific settlement requirements; medium impact as it affects specific stock and participants in the takeover process