Description

Settlement calendar for takeover offer to buy HARI GOVIND INTERNATIONAL LIMITED through acquisition window from October 16, 2025 to October 31, 2025.

Summary

BSE has announced the settlement schedule for the Offer to Buy through Acquisition Window (Takeover) for HARI GOVIND INTERNATIONAL LIMITED. The bidding window will operate from October 16, 2025 to October 31, 2025 under Settlement No. 2025100, with obligation download on November 14, 2025 and final settlement on November 17, 2025.

Key Points

  • Settlement Type: Takeover under Settlement No. 2025100
  • Bidding Period: October 16, 2025 to October 31, 2025
  • Demat shares must be delivered only through Early Pay-in of Shares mechanism available in both depositories
  • Market Type “Takeover” and Settlement No. 2025100 must be used in depository system
  • CDSL & NSDL early pay-in securities will be earmarked/blocked in client accounts
  • Members NOT required to upload EPN file
  • Members can refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges

Regulatory Changes

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

Compliance Requirements

  • Members/Custodians: Must complete early pay-in of securities in depository system sufficiently in advance before prescribed timelines
  • Members/Custodians: Must ensure effect of early pay-in is reflected in BSE/ICCL systems before prescribed timelines for accepting/confirming bids
  • Members/Custodians: Must use Market Type “Takeover” and Settlement No. 2025100 in depository system
  • Participants: Must complete early pay-in process before closure of BSE OTB Bidding window and confirmation window

Important Dates

  • October 13, 2025: Circular issued (Notice No. 20251013-7)
  • October 16, 2025: Bid start date
  • October 31, 2025: Bid end date
  • November 14, 2025: Obligation download
  • November 17, 2025: Settlement date

Impact Assessment

Market Impact: Medium - This is a company-specific takeover event affecting HARI GOVIND INTERNATIONAL LIMITED shareholders and market participants involved in the acquisition process.

Operational Impact: Members and custodians must ensure timely early pay-in of demat shares through proper depository channels. The 15-day bidding window provides adequate time for participation. Failure to complete early pay-in procedures in advance may result in inability to participate in the offer or confirm bids within prescribed timelines.

Contact: For clarifications, contact ICCL Help Desk at 022-69158590/45720490/45720690 or iccl.helpdesk@icclindia.com

Impact Justification

Company-specific takeover event with defined settlement procedures affecting shareholders and market participants of HARI GOVIND INTERNATIONAL LIMITED