Description
Settlement calendar and procedures for National Fittings Limited takeover offer from September 10-23, 2025.
Summary
BSE has announced the settlement schedule for the Offer to Buy - Acquisition Window (Takeover) for National Fittings Limited. The takeover bidding will be conducted from September 10, 2025, to September 23, 2025, with settlement occurring on October 8, 2025.
Key Points
- Settlement Type: Takeover
- Settlement Number: 2025082
- Bid Period: September 10, 2025 to September 23, 2025
- Obligation Download Date: October 7, 2025
- Settlement Date: October 8, 2025
- Demat shares must be delivered through Early Pay-in of Shares mechanism
- Market Type “(Takeover)” and settlement No. 2025082 to be used in depository system
Regulatory Changes
No new regulatory changes introduced. The circular follows existing guidelines as per Notice No. 20200528-32 dated May 28, 2020, regarding settlement under Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange.
Compliance Requirements
- Members/Custodians must use Early Pay-in of Shares mechanism for demat share delivery
- Securities must be earmarked/blocked in client accounts with requisite market type and settlement number
- Early pay-in effect must be reflected in BSE/ICCL systems before prescribed timelines
- Members must complete early pay-in process sufficiently in advance of BSE OTB Bidding window closure
- No EPN file upload required for CDSL & NSDL early pay-in securities
- Members should 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
This takeover offer will impact National Fittings Limited shareholders who wish to participate in the acquisition window. Trading members and custodians must ensure compliance with early pay-in procedures and timeline requirements. The two-week bidding period provides adequate time for participation, with settlement occurring approximately two weeks after bid closure.
Impact Justification
Specific settlement procedures for takeover offer affecting National Fittings Limited shareholders and trading members