Description

Settlement calendar for the takeover acquisition window of Lake Shore Realty Limited to be conducted from October 13-28, 2025, with settlement on November 12, 2025.

Summary

BSE announces the settlement calendar for the Offer to Buy – Acquisition Window (Takeover) for LAKE SHORE REALTY LIMITED. The bidding window will be open from October 13, 2025 to October 28, 2025, with settlement number 2025098. Obligation download is scheduled for November 11, 2025, and final settlement on November 12, 2025.

Key Points

  • Settlement Type: Takeover
  • Settlement Number: 2025098
  • Bid Start Date: October 13, 2025
  • Bid End Date: October 28, 2025
  • Obligation Download: November 11, 2025
  • Settlement Date: November 12, 2025
  • Demat shares must be delivered only through Early Pay-in of Shares mechanism available in both depositories
  • Market Type “(Takeover)” and settlement number 2025098 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

Members and custodians are requested to refer to Notice No.20200528-32 dated May 28, 2020, regarding settlement as per Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange.

Compliance Requirements

  • For Members/Custodians: Use Market Type “(Takeover)” and settlement number 2025098 in the depository system when delivering demat shares
  • Early Pay-in Timing: Participants must ensure early pay-in of securities is reflected in BSE/ICCL systems before prescribed timelines for accepting/confirming bids on BSE OTB platform
  • Process Completion: Complete early pay-in process in depository system sufficiently in advance before BSE OTB bidding window closure and custodian confirmation window deadlines
  • Stamp Duty: Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
  • No EPN Upload: Members and custodians are NOT required to upload any EPN file

Important Dates

  • October 13, 2025: Bid start date
  • October 28, 2025: Bid end date
  • November 11, 2025: Obligation download
  • November 12, 2025: Settlement date

Impact Assessment

Impact: Medium - This is a company-specific takeover settlement schedule affecting shareholders of Lake Shore Realty Limited and trading members/custodians handling the acquisition. The notice provides operational guidelines for the acquisition window mechanism.

Operational Requirements: Trading members and custodians must ensure timely early pay-in of securities through the depository system with proper market type and settlement number designation. The automatic earmarking/blocking of securities in client accounts streamlines the process by eliminating EPN file uploads.

Support Contact: For clarifications, members and custodians may contact ICCL Help Desk at 022-69158590/45720490/45720690 or email iccl.helpdesk@icclindia.com

Impact Justification

Company-specific takeover settlement schedule with defined timelines for members and custodians to deliver shares through early pay-in mechanism. Impacts shareholders and trading members dealing with Lake Shore Realty Limited shares.