Description

Settlement calendar for acquisition window takeover of CDG PETCHEM LIMITED through stock exchange mechanism from October 10 to October 27, 2025.

Summary

BSE has announced the settlement calendar for the Offer to Buy through Acquisition Window (Takeover) for CDG PETCHEM LIMITED. The bidding window will operate from October 10, 2025 to October 27, 2025, with settlement number 2025097. Obligation download is scheduled for November 10, 2025, and final settlement on November 11, 2025. Members and custodians must use the early pay-in mechanism for demat shares delivery.

Key Points

  • Settlement Type: Takeover (Settlement No. 2025097)
  • Bidding Period: October 10, 2025 to October 27, 2025
  • Target Company: CDG PETCHEM LIMITED
  • Demat shares must be delivered only through Early Pay-in of Shares mechanism
  • Market Type “Takeover” and settlement number 2025097 must be used in depository systems
  • Securities will be earmarked/blocked in client accounts in requisite market type and settlement number
  • No EPN file upload required by members and custodians
  • Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
  • Participants must complete early pay-in process sufficiently in advance before prescribed timelines

Regulatory Changes

No new regulatory changes. This circular implements the existing 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 use Early Pay-in of Shares mechanism available in both depositories (CDSL and NSDL)
  • Members/Custodians: Must specify Market Type “Takeover” and settlement number 2025097 in depository systems
  • Members/Custodians: Must ensure early pay-in effect is reflected in BSE/ICCL systems before prescribed timelines
  • Members/Custodians: Must complete early pay-in process sufficiently in advance before closure of BSE OTB bidding window and confirmation window
  • Members: Must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
  • Members: No requirement to upload EPN file for this settlement

Important Dates

  • Bid Start Date: October 10, 2025
  • Bid End Date: October 27, 2025
  • Obligation Download: November 10, 2025
  • Settlement Date: November 11, 2025

Impact Assessment

Market Impact: Medium - This is a company-specific takeover event affecting CDG PETCHEM LIMITED shareholders and market participants involved in the acquisition process.

Operational Impact: Members and custodians must ensure timely completion of early pay-in procedures with correct market type and settlement number specifications. Failure to complete early pay-in in advance may result in inability to participate in the acquisition window.

Participant Impact: Brokers, custodians, and clearing members handling CDG PETCHEM LIMITED shares must coordinate with depositories (CDSL/NSDL) for proper earmarking and blocking of securities. The automatic earmarking process eliminates the need for manual EPN file uploads, simplifying the process.

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

Impact Justification

Company-specific takeover settlement schedule with prescribed timelines for members and custodians. Affects shareholders of CDG PETCHEM LIMITED and market participants involved in the acquisition process.