Description
Settlement calendar for acquisition window (takeover) of Bhairav Enterprises Limited scheduled from October 9, 2025 to October 24, 2025.
Summary
BSE has announced the settlement calendar for the Offer to Buy via Acquisition Window (Takeover) for BHAIRAV ENTERPRISES LIMITED. The bidding window will be open from October 9, 2025 to October 24, 2025, with settlement number 2025095. Obligation download is scheduled for November 7, 2025 and final settlement on November 11, 2025.
Key Points
- Settlement Type: Takeover
- Settlement Number: 2025095
- Bid Start Date: October 9, 2025
- Bid End Date: October 24, 2025
- Obligation Download: November 7, 2025
- Settlement Date: November 11, 2025
- Demat shares must be delivered only through Early Pay-in mechanism
- Market Type “(Takeover)” and settlement number 2025095 to 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 and 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 only through Early Pay-in of Shares mechanism available in both depositories
- Members/Custodians: Must use Market Type “(Takeover)” and settlement number 2025095 in depository system
- Participants: Must ensure early pay-in of securities is reflected in BSE/ICCL systems before prescribed timelines for accepting/confirming bids
- Members/Custodians: Must complete early pay-in process sufficiently in advance before closure of BSE OTB Bidding window
- Members: Should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
- Members & Custodians: NOT required to upload any EPN file
Important Dates
Event | Date |
---|---|
Bid Start Date | October 9, 2025 |
Bid End Date | October 24, 2025 |
Obligation Download | November 7, 2025 |
Settlement Date | November 11, 2025 |
Impact Assessment
Market Impact: Medium - This is a company-specific takeover process affecting only shareholders of Bhairav Enterprises Limited who wish to participate in the acquisition window.
Operational Impact: Medium - Members and custodians need to ensure proper early pay-in procedures are followed with correct market type and settlement number designation. The process requires coordination between BSE OTB platform and depository systems.
Participant Impact: Shareholders of Bhairav Enterprises Limited have a 16-day window to tender their shares through the acquisition window. Members and custodians facilitating this process must adhere to specific timelines and procedures.
Support Contact: ICCL Help Desk available at 022-69158590/45720490/45720690 or iccl.helpdesk@icclindia.com for clarifications.
Impact Justification
Specific to takeover settlement process for single company; relevant for members and custodians participating in the acquisition window.