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