Description
Settlement calendar for the acquisition window takeover of Lake Shore Realty Limited from October 13, 2025 to October 28, 2025 with settlement on November 12, 2025.
Summary
BSE has announced the settlement schedule for the Offer to Buy through Acquisition Window (Takeover) for Lake Shore Realty Limited. The bidding window will be open from October 13, 2025 to October 28, 2025, with obligation download on November 11, 2025 and final settlement on November 12, 2025. Settlement number 2025098 has been assigned for this takeover process.
Key Points
- Settlement Type: Takeover (Settlement No. 2025098)
- Bid Start Date: October 13, 2025
- Bid End Date: October 28, 2025
- Obligation Download Date: November 11, 2025
- Settlement Date: November 12, 2025
- Demat shares must be delivered only through Early Pay-in of Shares mechanism
- Both CDSL and NSDL depositories support the early pay-in mechanism
- Market Type “(Takeover)” and settlement number 2025098 must be used in depository systems
Regulatory Changes
No new regulatory changes introduced. This circular follows the Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange as outlined in Notice No.20200528-32 dated May 28, 2020.
Compliance Requirements
- For Members/Custodians: Must deliver demat shares through Early Pay-in of Shares mechanism available in depositories
- 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
- Process Completion: Complete early pay-in process in Depository system sufficiently in advance before closure of BSE OTB Bidding window
- Securities Handling: CDSL & NSDL early pay-in securities will be earmarked/blocked in clients’ accounts with requisite market type and settlement number
- EPN File: Members and Custodians are NOT required to upload any EPN file
- Stamp Duty: Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
- System Parameters: Must use Market Type “(Takeover)” and Settlement No. 2025098 in depository systems
Important Dates
| Event | Date |
|---|---|
| Bid Start Date | October 13, 2025 |
| Bid End Date | October 28, 2025 |
| Obligation Download | November 11, 2025 |
| Settlement Date | November 12, 2025 |
Impact Assessment
Market Impact: Limited to shareholders of Lake Shore Realty Limited and members participating in the takeover process. This is a company-specific corporate action.
Operational Impact: Members and custodians must ensure proper coordination with depositories for early pay-in mechanism. Adequate time must be allocated for processing early pay-in before bidding window closure to avoid rejection of bids.
Participant Action Required: Trading members and custodians handling client positions in Lake Shore Realty Limited must prepare systems and processes for the takeover window, ensure client awareness, and coordinate with ICCL Help Desk (022-69158590/45720490/45720690 or iccl.helpdesk@icclindia.com) for any clarifications.
Impact Justification
Specific to Lake Shore Realty Limited takeover process; affects only shareholders and members participating in the acquisition window with defined settlement procedures