Description

Settlement calendar for takeover offer of National Fittings Limited from September 10-23, 2025 with obligation settlement on October 8, 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 obligations due on October 7, 2025 and final settlement on October 8, 2025. Settlement number 2025082 has been assigned for this takeover process.

Key Points

  • Takeover offer period: September 10-23, 2025
  • Settlement type: Takeover (Settlement No. 2025082)
  • Obligation download date: October 7, 2025
  • Final settlement date: October 8, 2025
  • Demat shares must be delivered through Early Pay-in mechanism only
  • Available through both CDSL and NSDL depositories

Regulatory Changes

No new regulatory changes introduced. The circular follows existing guidelines for acquisition of shares 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 of BSE OTB bidding window closure
  • Securities will be automatically earmarked/blocked in client accounts with requisite market type and settlement number
  • No EPN file upload required for this process
  • 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: Final settlement date

Impact Assessment

This takeover offer provides shareholders of National Fittings Limited an opportunity to exit their investment through the acquisition window. The 14-day bidding period allows sufficient time for participation. The early pay-in mechanism ensures smooth settlement process and reduces settlement risk for all parties involved.

Impact Justification

Specific settlement schedule for takeover affecting shareholders of National Fittings Limited