Description

Revised settlement calendar for takeover offer to buy BHAIRAV ENTERPRISES LIMITED conducted from October 9, 2025 to October 24, 2025 with new obligation download and settlement dates.

Summary

BSE has issued a revised settlement schedule for the Offer to Buy – Acquisition Window (Takeover) for BHAIRAV ENTERPRISES LIMITED. This revision updates the previous notice (20251008-4) with new obligation download and settlement dates. The takeover bid period runs from October 9, 2025 to October 24, 2025 under Settlement No. 2025095.

Key Points

  • Revised settlement schedule issued with reference to Notice No. 20251008-4
  • Settlement Type: Takeover (Settlement No. 2025095)
  • Bid period: October 9, 2025 to October 24, 2025
  • Revised Obligation Download Date: November 7, 2025
  • Revised Settlement Date: November 10, 2025
  • Demat shares must be delivered only through Early Pay-in of Shares mechanism available in both depositories
  • Market Type designation: “Takeover” with Settlement No. 2025095 to be used in depository system
  • Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges

Regulatory Changes

No new regulatory changes. This circular implements the existing framework for acquisition of shares through Stock Exchange as per Revised Guidelines referenced in Notice No. 20200528-32 dated May 28, 2020.

Compliance Requirements

  • Members and Custodians must use Early Pay-in of Shares mechanism for demat share delivery
  • Members and Custodians must specify Market Type “Takeover” and Settlement No. 2025095 in depository system entries
  • Members must consult MBRSTD_OTB_CM_mmm_SettNo file for applicable client-wise Stamp Duty charges
  • Members and Custodians should refer to Notice No. 20200528-32 for settlement procedures under revised acquisition guidelines

Important Dates

  • Bid Start Date: October 9, 2025
  • Bid End Date: October 24, 2025
  • Revised Obligation Download Date: November 7, 2025
  • Revised Settlement Date: November 10, 2025

Impact Assessment

This revision impacts shareholders of Bhairav Enterprises Limited participating in the takeover offer, as well as BSE members and custodians handling the transaction. The延期 of obligation download from the original schedule provides additional processing time. Members involved must ensure compliance with Early Pay-in requirements and proper designation of the settlement type in depository systems. The impact is specific to parties involved in this particular takeover transaction and does not affect broader market operations.

Impact Justification

Revised settlement schedule for a specific takeover transaction affecting shareholders and members involved in the acquisition window for Bhairav Enterprises Limited