Description

Settlement calendar for offer to buy acquisition window takeover of National Fittings Limited from September 10-23, 2025.

Summary

BSE has announced the settlement calendar for the offer to buy acquisition window (takeover) of National Fittings Limited. The takeover will be conducted from September 10-23, 2025, with settlement number 2025082 and obligation download on October 7, 2025.

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
  • Market type “Takeover” to be used in depository systems

Regulatory Changes

No new regulatory changes introduced. 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 systems
  • Early pay-in of securities must be completed 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 and custodians
  • Members must refer to 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 on National Fittings Limited shareholders and trading members involved in the takeover process. Clear settlement schedule provides certainty for market participants. Early pay-in mechanism ensures smooth settlement process for the acquisition window.

Impact Justification

Settlement schedule for specific company takeover with clear timelines and procedures