Description

Settlement calendar for the offer to buy acquisition window (takeover) of Fortis Malar Hospitals Limited, scheduled from October 20, 2025 to November 4, 2025.

Summary

BSE has announced the settlement calendar for the Offer to Buy – Acquisition Window (Takeover) of FORTIS MALAR HOSPITALS LIMITED. The takeover bidding window will be conducted from October 20, 2025 to November 4, 2025, with settlement number 2025105. Obligation download is scheduled for November 18, 2025, and final settlement on November 19, 2025.

Key Points

  • Settlement Type: Takeover
  • Settlement Number: 2025105
  • Bid Start Date: October 20, 2025
  • Bid End Date: November 4, 2025
  • Obligation Download: November 18, 2025
  • Settlement Date: November 19, 2025
  • Demat shares must be delivered only through Early Pay-in of Shares mechanism available in both depositories
  • Market Type “(Takeover)” and settlement No. 2025105 must be used by Members/Custodians in the depository system
  • CDSL & NSDL early pay-in securities will be earmarked/blocked in clients account in requisite market type and settlement number
  • Members & Custodians are NOT required to upload any EPN file

Regulatory Changes

No new regulatory changes. 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 ensure that the effect of their early pay-in of securities is reflected in BSE/ICCL systems before prescribed timelines
  • Process of early pay-in of securities must be completed in the Depository system sufficiently in advance before the prescribed timelines
  • Early pay-in must be completed before closure of BSE OTB Bidding window for placing bids by members and confirmation window for confirming Bids by Custodians
  • Members must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
  • Members must use correct Market Type “(Takeover)” and settlement No. 2025105 in depository system

Important Dates

  • October 20, 2025: Bid Start Date
  • November 4, 2025: Bid End Date
  • November 18, 2025: Obligation Download Date
  • November 19, 2025: Final Settlement Date

Impact Assessment

This takeover offer will impact shareholders of Fortis Malar Hospitals Limited who wish to participate in the acquisition window. Trading members and custodians must ensure strict compliance with early pay-in timelines to facilitate successful bid placement and confirmation. The settlement process follows established procedures for takeover transactions through stock exchange mechanisms. For operational issues, members can contact ICCL Help Desk at 022-69158590/45720490/45720690 or email iccl.helpdesk@icclindia.com.

Impact Justification

Standard takeover settlement schedule announcement affecting specific company shareholders and participating members. Requires compliance with early pay-in procedures and prescribed timelines.