Description
Settlement calendar for offer to buy acquisition window (takeover) for National Fittings Limited from September 10-23, 2025.
Summary
BSE has announced the settlement schedule for the takeover offer of National Fittings Limited. The acquisition window will be open from September 10, 2025, to September 23, 2025, with settlement number 2025082.
Key Points
- Takeover bidding period: September 10-23, 2025
- Settlement number: 2025082
- Obligation download date: October 7, 2025
- Settlement date: October 8, 2025
- Demat shares must be delivered through Early Pay-in mechanism only
- Market type “(Takeover)” to be used in depository systems
Regulatory Changes
No new regulatory changes. Process follows existing revised guidelines for share acquisition through stock exchange as per Notice No.20200528-32 dated May 28, 2020.
Compliance Requirements
- Members/Custodians must use Market Type “(Takeover)” and settlement No.2025082 in depository system
- Early pay-in of securities must be completed sufficiently in advance of BSE OTB platform deadlines
- Securities will be earmarked/blocked in client accounts with requisite market type and settlement number
- No EPN file upload required
- Members to refer MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
Important Dates
- September 10, 2025: Bid start date
- September 23, 2025: Bid end date
- October 7, 2025: Obligation download date
- October 8, 2025: Settlement date
Impact Assessment
Medium impact limited to National Fittings Limited shareholders and participants in the takeover process. Standard settlement procedures apply with specific requirements for early pay-in mechanism through depositories.
Impact Justification
Corporate action affecting specific stock with defined settlement process