Description

BSE announces settlement calendar for National Fittings Limited takeover offer from September 10-23, 2025 with settlement on October 8, 2025.

Summary

BSE has announced the settlement calendar for the Offer to Buy – Acquisition Window (Takeover) for National Fittings Limited. The takeover bidding window will be open from September 10, 2025 to September 23, 2025, with obligation download on October 7, 2025 and final settlement on October 8, 2025.

Key Points

  • Settlement Type: Takeover with Settlement No. 2025082
  • Demat shares must be delivered through Early Pay-in of Shares mechanism available in both depositories
  • Market Type “(Takeover)” and settlement No.2025082 to be used by Members/Custodians in depository system
  • CDSL & NSDL early pay-in securities will be earmarked/blocked in clients’ accounts
  • No EPN file upload required by Members & Custodians

Regulatory Changes

No new regulatory changes introduced. Process follows existing Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange as per Notice No.20200528-32 dated May 28, 2020.

Compliance Requirements

  • Members/Custodians must complete early pay-in process sufficiently in advance of BSE OTB bidding window closure
  • Early pay-in effect must be reflected in BSE/ICCL systems before prescribed timelines
  • Members to refer MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
  • Use prescribed Market Type “(Takeover)” and settlement number in depository communications

Important Dates

  • Bid Start Date: September 10, 2025
  • Bid End Date: September 23, 2025
  • Obligation Download: October 7, 2025
  • Settlement Date: October 8, 2025

Impact Assessment

Medium impact limited to National Fittings Limited shareholders and participating market intermediaries. The takeover process will require coordination between members, custodians, and depositories for proper settlement execution. Market participants must ensure timely completion of early pay-in procedures to avoid settlement failures.

Impact Justification

Company-specific takeover with defined settlement schedule affecting National Fittings Limited shareholders and market participants