Description
BSE revises the settlement schedule for the acquisition window takeover of Bhairav Enterprises Limited, with new obligation download date of 07/11/2025 and settlement date of 10/11/2025.
Summary
BSE has issued a revised settlement schedule for the Offer to Buy – Acquisition Window (Takeover) of Bhairav Enterprises Limited. This revision updates the settlement calendar referenced in Notice No. 20251008-4. The bid period runs from 09/10/2025 to 24/10/2025, with the revised obligation download date set for 07/11/2025 and the revised settlement date for 10/11/2025. Settlement number 2025095 has been assigned to this takeover.
Key Points
- Settlement Type: Takeover (Settlement No. 2025095)
- Bid Period: 09/10/2025 to 24/10/2025
- Revised Obligation Download Date: 07/11/2025
- Revised Settlement Date: 10/11/2025
- Company: Bhairav Enterprises Limited
- Demat shares must be delivered through Early Pay-in of Shares mechanism available in both depositories
- Members/Custodians must use Market Type “(Takeover)” and Settlement No. 2025095 in depository systems
- Client-wise Stamp Duty charges available in MBRSTD_OTB_CM_mmm_SettNo file
Regulatory Changes
No new regulatory changes introduced. This circular revises previously announced settlement dates for an ongoing takeover process.
Compliance Requirements
- Members and Custodians must deliver demat shares only through the Early Pay-in of Shares mechanism
- Must specify Market Type “(Takeover)” and Settlement No. 2025095 when submitting shares through depository system
- Members should refer to Notice No. 20200528-32 dated May 28, 2020 for guidelines on mechanism for acquisition of shares through Stock Exchange
- Members must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
- All participants must adhere to the revised settlement timeline
Important Dates
- Notice Date: 09/10/2025
- Bid Start Date: 09/10/2025
- Bid End Date: 24/10/2025
- Revised Obligation Download Date: 07/11/2025
- Revised Settlement Date: 10/11/2025
Impact Assessment
This revision primarily impacts members and custodians participating in the acquisition of Bhairav Enterprises Limited shares through the takeover offer. The three-day extension of the settlement date (from the previously announced schedule in Notice No. 20251008-4) provides additional time for obligation processing and settlement completion. Market participants holding or dealing with Bhairav Enterprises Limited shares during the bid period must ensure compliance with the Early Pay-in mechanism and proper use of settlement identifiers. The impact is operationally significant for direct participants but has limited broader market implications as it applies to a single company’s takeover process.
Impact Justification
Revised settlement dates for a specific takeover offer affecting members and custodians dealing with Bhairav Enterprises Limited shares; operational impact limited to participants in this acquisition window.