Description

BSE announces revised settlement calendar for the takeover acquisition window of Bhairav Enterprises Limited, with bid period from October 9 to October 24, 2025 and revised settlement date of November 10, 2025.

Summary

BSE has issued a revised settlement schedule for the Offer to Buy through Acquisition Window (Takeover) for BHAIRAV ENTERPRISES LIMITED. This supersedes the previous Notice No. 20251008-4. The acquisition window will operate from October 9, 2025 to October 24, 2025, with the revised obligation download date of November 7, 2025 and final settlement date of November 10, 2025. Settlement number is 2025095.

Key Points

  • Settlement Type: Takeover (Settlement No. 2025095)
  • Bid Period: October 9, 2025 to October 24, 2025
  • Revised Obligation Download: November 7, 2025
  • Revised Settlement Date: November 10, 2025
  • Demat shares must be delivered exclusively through Early Pay-in of Shares mechanism available in both depositories
  • Members must specify Market Type “(Takeover)” and Settlement No. 2025095 in depository system
  • Client-wise stamp duty charges available in MBRSTD_OTB_CM_mmm_SettNo file

Regulatory Changes

This circular revises the previously communicated settlement schedule (Notice No. 20251008-4) for the takeover acquisition window. 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
  • Members/Custodians: Must include Market Type “(Takeover)” and Settlement No. 2025095 when using depository system
  • Members: Must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
  • Members/Custodians: Should refer to Notice No. 20200528-32 dated May 28, 2020 for settlement guidelines
  • For clarifications, contact ICCL Help Desk at 022-69158590/45720490/45720690 or iccl.helpdesk@icclindia.com

Important Dates

EventDate
Bid Start DateOctober 9, 2025
Bid End DateOctober 24, 2025
Revised Obligation DownloadNovember 7, 2025
Revised Settlement DateNovember 10, 2025

Impact Assessment

Market Impact: Medium - This affects only shareholders and market participants dealing with Bhairav Enterprises Limited shares during the specified takeover acquisition window period.

Operational Impact: Medium - Members and custodians handling transactions for this security must ensure compliance with the revised settlement timeline and use the correct settlement parameters in their systems. The mandatory use of Early Pay-in mechanism for demat shares requires specific operational procedures to be followed.

Impact Justification

Revised settlement schedule for company-specific takeover acquisition window affects shareholders and members dealing with Bhairav Enterprises Limited shares during the offer period