Description

Settlement calendar for the acquisition window (takeover) of BHAIRAV ENTERPRISES LIMITED to be conducted from 09/10/2025 to 24/10/2025.

Summary

BSE has announced the settlement calendar for the Offer to Buy – Acquisition Window (Takeover) for BHAIRAV ENTERPRISES LIMITED. The bidding window will remain open from 09/10/2025 to 24/10/2025, with settlement number 2025095. Obligation download is scheduled for 07/11/2025 and final settlement on 11/11/2025.

Key Points

  • Settlement Type: Takeover
  • Settlement Number: 2025095
  • Bid Start Date: 09/10/2025
  • Bid End Date: 24/10/2025
  • Obligation Download: 07/11/2025
  • Settlement Date: 11/11/2025
  • Demat shares must be delivered only through Early Pay-in of Shares mechanism available in both depositories
  • Market Type “(Takeover)” and settlement No.2025095 to be used by Members/Custodians in the depository system

Regulatory Changes

No new regulatory changes. Members/Custodians are referred to Notice No.20200528-32 dated May 28, 2020, regarding settlement as per Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange.

Compliance Requirements

  • Participants must ensure early pay-in of securities is reflected in BSE/ICCL systems before prescribed timelines for accepting/confirming Bids
  • Early pay-in process must be completed in Depository system sufficiently in advance before closure of BSE OTB Bidding window
  • CDSL & NSDL early pay-in securities will be earmarked/blocked in clients’ accounts in requisite market type and settlement number
  • Members & Custodians are NOT required to upload any EPN file
  • Members must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges

Important Dates

  • Bid Start Date: 09/10/2025
  • Bid End Date: 24/10/2025
  • Obligation Download: 07/11/2025
  • Settlement Date: 11/11/2025

Impact Assessment

This circular impacts shareholders of BHAIRAV ENTERPRISES LIMITED who wish to participate in the takeover offer, as well as trading members and custodians handling the transactions. The early pay-in mechanism ensures orderly settlement and reduces counterparty risk. Members must coordinate with their relationship managers or ICCL Help Desk (022-69158590/45720490/45720690, iccl.helpdesk@icclindia.com) for clarifications.

Impact Justification

Company-specific takeover settlement schedule affecting shareholders and trading members dealing with BHAIRAV ENTERPRISES LIMITED during the acquisition window period.