Description

BSE announces the schedule of activities for the takeover offer of up to 69,24,902 equity shares of Hari Govind International Ltd at Rs. 17.00 per share, scheduled from October 16-31, 2025.

Summary

BSE has announced the detailed schedule for the Offer to Buy – Acquisition Window (Takeover) for Hari Govind International Ltd (HARIGOV). The offer targets up to 69,24,902 equity shares at an offer price of Rs. 17.00 per share. The acquisition window will be open from October 16, 2025, to October 31, 2025. Trading members and custodian members can facilitate bids through the iBBS and RTRMS platforms during specified session timings.

Key Points

  • Security: Hari Govind International Ltd (Symbol: HARIGOV, ISIN: INE167F01018, Scrip Code: 531971)
  • Offer size: Up to 69,24,902 equity shares
  • Offer price: Rs. 17.00 per share
  • Face value: Rs. 10.00
  • Market lot: 1
  • Opening date: Thursday, October 16, 2025
  • Closing date: Friday, October 31, 2025
  • Bid offering period: 9:15 AM to 3:30 PM daily (October 16-31, 2025)
  • Give-up/Take-up period: 9:15 AM to 3:30 PM (October 16-30, 2025)
  • Last day take-up extended till 4:00 PM on October 31, 2025
  • Multiple investor categories eligible: FII, FI, MF, IC, Other QIBs, Non-Institutional, Company, and Individual

Regulatory Changes

No new regulatory changes introduced. This circular provides operational instructions for a specific takeover offer following existing OTB framework established in Exchange Notices 20150930-1 (September 30, 2015) and 20170203-29 (February 3, 2017).

Compliance Requirements

  • Trading members must ensure UCC (Unique Client Code) of investors is registered and updated with correct PAN number and category in the Exchange UCC database
  • Trading members can only bid for investors having shares in demat form
  • Members must access OTB module through designated iBBS and RTRMS platforms (both Internet and Leased Line URLs provided)
  • Members and custodians should note that if no securities are accepted, no End of Issue files will be generated in Extranet
  • Trading members should refer to Exchange Circular 20170503-12 for leased line URL access settings

Important Dates

  • October 15, 2025: Circular issued
  • October 16, 2025: Offer opening date; bid offering, give-up/take-up period begins (9:15 AM - 3:30 PM)
  • October 16-30, 2025: Full give-up/take-up period (9:15 AM - 3:30 PM daily)
  • October 31, 2025: Offer closing date; give-up period (9:15 AM - 3:30 PM); take-up period extended till 4:00 PM

Impact Assessment

Market Impact: Low - This is a company-specific takeover offer affecting only shareholders of Hari Govind International Ltd. The offer size of 69.24 lakh shares represents a targeted acquisition that will not significantly impact broader market operations.

Operational Impact: Medium for participating members - Trading members and custodian members facilitating bids must ensure proper UCC registration, demat verification, and platform access. The 16-day offer period provides adequate time for operational execution.

Investor Impact: High for HARIGOV shareholders - Existing shareholders have the opportunity to tender their shares at Rs. 17.00 per share during the acquisition window. The offer price should be evaluated against current market price and company fundamentals.

Platform Requirements: Members must have active access to iBBS and RTRMS platforms. Contact details provided for technical support regarding login IDs, password resets, and OTB module queries through Trading Operations and Listing Sales departments.

Impact Justification

Standard takeover offer with limited market-wide impact, relevant primarily to shareholders of Hari Govind International Ltd and participating trading members