Description

Settlement calendar for the acquisition window (takeover) of HARI GOVIND INTERNATIONAL LIMITED to be conducted from October 16, 2025 to October 31, 2025.

Summary

BSE has announced the settlement calendar for the Offer to Buy through Acquisition Window (Takeover) for HARI GOVIND INTERNATIONAL LIMITED. The bidding window will be open from October 16, 2025 to October 31, 2025, with obligation download on November 14, 2025 and settlement on November 17, 2025. The settlement number is 2025100.

Key Points

  • Settlement Type: Takeover
  • Settlement Number: 2025100
  • Bid Start Date: October 16, 2025
  • Bid End Date: October 31, 2025
  • Obligation Download: November 14, 2025
  • Settlement Date: November 17, 2025
  • Demat shares must be delivered through Early Pay-in of Shares mechanism only
  • Market Type “Takeover” and settlement number 2025100 must be used in depository system
  • 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 introduced. This circular implements the existing 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 through Early Pay-in of Shares mechanism available in both depositories
  • Members/Custodians: Must use Market Type “Takeover” and settlement number 2025100 in the depository system
  • Participants: Must ensure early pay-in of securities is reflected in BSE/ICCL systems before prescribed timelines for accepting/confirming bids
  • Participants: Must complete early pay-in process in Depository system sufficiently in advance before closure of BSE OTB Bidding window and confirmation window
  • Members: Must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
  • Members & Custodians: NOT required to upload any EPN file

Important Dates

  • October 16, 2025: Bid Start Date
  • October 31, 2025: Bid End Date
  • November 14, 2025: Obligation Download Date
  • November 17, 2025: Settlement Date

Impact Assessment

Market Impact: Limited to shareholders and trading members dealing with HARI GOVIND INTERNATIONAL LIMITED stock during the takeover process.

Operational Impact: Members and custodians must ensure timely completion of early pay-in procedures with proper settlement number tagging. The automatic earmarking/blocking in CDSL & NSDL systems simplifies the process by eliminating EPN file upload requirements.

Stakeholder Impact: Shareholders wishing to participate in the takeover offer must ensure their brokers/custodians complete early pay-in procedures before bidding window closure to successfully tender their shares.

Support Contact: ICCL Help Desk available at 022-69158590/45720490/45720690 or iccl.helpdesk@icclindia.com for clarifications.

Impact Justification

Operational circular providing settlement timeline for a takeover acquisition window affecting specific stock. Important for shareholders and members participating in the offer but limited to single company.