Description

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

Summary

BSE has announced the settlement calendar for the Offer to Buy – Acquisition Window (Takeover) for Lake Shore Realty Limited. The bidding window will operate 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. Members and custodians must use the early pay-in mechanism through depositories for demat share delivery.

Key Points

  • Takeover acquisition window for Lake Shore Realty Limited
  • Settlement number: 2025098
  • Bidding period: October 13-28, 2025
  • Only demat shares accepted through early pay-in mechanism
  • Market Type designation: “(Takeover)” to be used in depository systems
  • Securities will be earmarked/blocked in client accounts automatically
  • No EPN file upload required by members and custodians
  • Stamp duty charges available in MBRSTD_OTB_CM_mmm_SettNo file

Regulatory Changes

No new regulatory changes. The circular references existing guidelines from Notice No.20200528-32 dated May 28, 2020, regarding the revised mechanism for acquisition of shares through stock exchange.

Compliance Requirements

  • Members/custodians must deliver demat shares only through early pay-in mechanism available in both depositories (CDSL and NSDL)
  • Must specify Market Type “(Takeover)” and settlement number 2025098 in depository system
  • Must complete early pay-in process sufficiently in advance before BSE OTB bidding window closure
  • Effect of early pay-in must be reflected in BSE/ICCL systems before prescribed timelines for bid acceptance/confirmation
  • Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
  • CDSL & NSDL early pay-in securities will be automatically earmarked/blocked in requisite market type and settlement number

Important Dates

  • October 10, 2025: Circular notice date
  • October 13, 2025: Bid start date
  • October 28, 2025: Bid end date
  • November 11, 2025: Obligation download date
  • November 12, 2025: Settlement date

Impact Assessment

This circular has medium impact limited to shareholders of Lake Shore Realty Limited and trading members/custodians participating in the takeover acquisition. The 16-day bidding window provides adequate time for participants to complete early pay-in procedures. The automated earmarking process in depository systems simplifies compliance. Members and custodians need to ensure timely completion of early pay-in to avoid rejection of bids. For clarifications, ICCL Help Desk is available at 022-69158590/45720490/45720690 or iccl.helpdesk@icclindia.com.

Impact Justification

Routine takeover settlement schedule affecting specific stock. Important for shareholders and trading members participating in the acquisition but limited to single company.