Description
BSE revises settlement calendar for NACL Industries Limited takeover offer conducted from August 22 to September 9, 2025.
Summary
BSE has revised the settlement calendar for the takeover offer of NACL Industries Limited. The acquisition window was conducted from August 22, 2025 to September 9, 2025, with updated obligation download and settlement dates.
Key Points
- Settlement Type: Takeover (Settlement No. 2025074)
- Bid Period: August 22, 2025 to September 9, 2025
- Revised Obligation Download Date: September 11, 2025
- Revised Settlement Date: September 12, 2025
- Demat shares must be delivered through Early Pay-in mechanism only
Regulatory Changes
No new regulatory changes introduced. This circular follows existing guidelines for acquisition of shares through stock exchange mechanism as per Notice No. 20200528-32 dated May 28, 2020.
Compliance Requirements
- Members/Custodians must use Market Type “Takeover” and Settlement No. 2025074 in depository system
- Demat shares delivery only through Early Pay-in of Shares mechanism (available in both depositories)
- Members should refer MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
Important Dates
- Bid End Date: September 9, 2025
- Revised Obligation Download: September 11, 2025
- Revised Settlement Date: September 12, 2025
Impact Assessment
Medium impact on takeover participants and market members involved in NACL Industries Limited acquisition. The revision provides clarity on settlement timelines and ensures proper completion of the takeover process. Members and custodians need to adjust their settlement processes according to the revised dates.
Impact Justification
Settlement schedule revision affects takeover participants but is procedural in nature