Description

Settlement calendar for takeover offer of Yash Trading and Finance Limited through acquisition window from October 7-20, 2025 with settlement on November 4, 2025.

Summary

BSE has announced the settlement schedule for the Offer to Buy through Acquisition Window (Takeover) for YASH TRADING AND FINANCE LIMITED. The bidding window will be open from October 7, 2025 to October 20, 2025, with settlement number 2025094. Obligation download is scheduled for November 3, 2025 and final settlement on November 4, 2025.

Key Points

  • Settlement Type: Takeover (Settlement No. 2025094)
  • Bid Period: October 7, 2025 to October 20, 2025
  • Obligation Download: November 3, 2025
  • Settlement Date: November 4, 2025
  • Demat shares must be delivered only through Early Pay-in of Shares mechanism
  • Market Type “Takeover” and settlement number 2025094 must be used in depository system
  • CDSL & NSDL early pay-in securities will be earmarked/blocked in client accounts
  • No EPN file upload required by Members & Custodians

Regulatory Changes

No new regulatory changes introduced. The settlement follows the 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 deliver demat shares through Early Pay-in of Shares mechanism available in both depositories
  • Must use Market Type “Takeover” and settlement number 2025094 in depository system
  • Must complete early pay-in process sufficiently in advance before BSE OTB Bidding window closure for bid placement and confirmation
  • Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
  • Participants must ensure early pay-in effects are reflected in BSE/ICCL systems before prescribed timelines for accepting/confirming bids

Important Dates

  • October 7, 2025: Bid Start Date
  • October 20, 2025: Bid End Date
  • November 3, 2025: Obligation Download
  • November 4, 2025: Settlement Date

Impact Assessment

Market Impact: Medium - Affects shareholders of Yash Trading and Finance Limited who wish to participate in the takeover offer.

Operational Impact: Medium - Requires members and custodians to follow specific early pay-in procedures through depository systems with proper market type and settlement number designation.

Stakeholder Impact: Limited to shareholders, members, and custodians dealing with Yash Trading and Finance Limited shares during the takeover bid period. Members must coordinate early pay-in timing to ensure reflection in BSE/ICCL systems before bid confirmation deadlines.

Contact: ICCL Help Desk available at 022-69158590/45720490/45720690 or iccl.helpdesk@icclindia.com for clarifications.

Impact Justification

Affects shareholders of Yash Trading and Finance Limited during takeover bid period; requires specific settlement procedures but impacts limited stakeholder group