Description

Settlement calendar for the takeover acquisition window of Lake Shore Realty Limited to be conducted from October 13, 2025 to October 28, 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 settlement number 2025098. Obligation download is scheduled for November 11, 2025 and settlement date is November 12, 2025.

Key Points

  • Settlement Type: Takeover
  • Settlement Number: 2025098
  • Bidding Period: October 13, 2025 to October 28, 2025
  • Obligation Download Date: November 11, 2025
  • Settlement Date: November 12, 2025
  • Demat shares must be delivered through Early Pay-in mechanism only
  • Market Type designation: “(Takeover)” with settlement number 2025098
  • CDSL & NSDL early pay-in securities will be earmarked/blocked in clients’ accounts
  • No EPN file upload required by Members & Custodians

Regulatory Changes

No new regulatory changes. This circular implements existing revised guidelines for mechanism of acquisition of shares through Stock Exchange as per Notice No.20200528-32 dated May 28, 2020.

Compliance Requirements

  • Members/Custodians must use Early Pay-in of Shares mechanism available in both depositories
  • Participants must ensure early pay-in effects are reflected in BSE/ICCL systems before prescribed timelines for bid acceptance/confirmation
  • Complete early pay-in process sufficiently in advance before closure of BSE OTB Bidding window
  • Use correct Market Type “(Takeover)” and settlement number 2025098 in depository system
  • Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
  • Custodians must complete confirmations within prescribed timelines

Important Dates

  • October 10, 2025: Circular issuance 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

Market Impact: Low - This is a company-specific takeover process affecting only Lake Shore Realty Limited shareholders and participating members.

Operational Impact: Medium for participating members - Requires adherence to early pay-in procedures and coordination with depositories (CDSL/NSDL) to ensure timely delivery. Members must ensure securities are earmarked before bidding/confirmation window closure.

Investor Impact: Low to Medium - Shareholders of Lake Shore Realty Limited wishing to tender shares must work with their brokers to ensure proper early pay-in procedures are followed during the specified bidding window.

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

Impact Justification

Company-specific takeover settlement schedule with standard procedures. Affects only participants involved in Lake Shore Realty Limited acquisition.