Description
BSE announces settlement calendar for takeover offer to buy shares of Alchemist Corporation Limited from September 11-24, 2025.
Summary
BSE has announced the settlement schedule for the takeover offer to buy shares of Alchemist Corporation Limited. The acquisition window will be open from September 11-24, 2025, with settlement number 2025083.
Key Points
- Takeover bidding period: September 11-24, 2025
- Settlement number: 2025083
- Obligation download date: October 7, 2025
- Settlement date: October 8, 2025
- Demat shares must be delivered through Early Pay-in mechanism only
- Market type “Takeover” to be used in depository systems
Regulatory Changes
No new regulatory changes introduced. Process 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 settlement number 2025083 and market type “Takeover” in depository systems
- Early pay-in of securities must be completed sufficiently in advance of bidding closure
- Securities will be automatically earmarked/blocked in client accounts
- No EPN file upload required by members/custodians
- Members must refer to MBRSTD_OTB_CM_mmm_SettNo file for stamp duty charges
Important Dates
- September 11, 2025: Bid start date
- September 24, 2025: Bid end date
- October 7, 2025: Obligation download date
- October 8, 2025: Settlement date
Impact Assessment
This takeover offer will impact Alchemist Corporation Limited shareholders who wish to sell their shares during the acquisition window. The early pay-in mechanism ensures smooth settlement process. Members and custodians need to coordinate timing to ensure securities are properly earmarked before bidding deadlines.
Impact Justification
Takeover offer affects specific company shareholders and trading operations