Description

Settlement calendar for takeover bid of HYPERSOFT TECHNOLOGIES LIMITED to be conducted from 20/10/2025 to 04/11/2025 with settlement on 19/11/2025.

Summary

BSE has announced the settlement schedule for the Offer to Buy through Acquisition Window (Takeover) for HYPERSOFT TECHNOLOGIES LIMITED. The bidding window will be open from October 20, 2025, to November 4, 2025, with settlement settlement number 2025103. Obligation download will be available on November 18, 2025, and final settlement will occur on November 19, 2025.

Key Points

  • Settlement Type: Takeover
  • Settlement Number: 2025103
  • 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 mechanism
  • Market Type “Takeover” and settlement number 2025103 to be used in depository system
  • CDSL & NSDL early pay-in securities will be earmarked/blocked in client accounts
  • No EPN file upload required by members and custodians

Regulatory Changes

No new regulatory changes introduced. This circular implements existing acquisition mechanism as per Revised Guidelines for acquisition of shares through Stock Exchange (referenced in 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 2025103 in depository system
  • Participants: Must ensure early pay-in effect is reflected in BSE/ICCL systems before prescribed timelines for accepting/confirming bids
  • Members/Custodians: Must complete early pay-in process sufficiently in advance before BSE OTB Bidding window closure
  • Members: Should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
  • Members/Custodians: NOT required to upload EPN file

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

Market Impact: Limited to shareholders and trading members dealing with HYPERSOFT TECHNOLOGIES LIMITED shares. No broader market implications.

Operational Impact: Members and custodians handling HYPERSOFT TECHNOLOGIES LIMITED shares need to ensure proper early pay-in procedures are followed within the specified timelines. The automatic earmarking/blocking mechanism in CDSL & NSDL simplifies the process by eliminating manual EPN file uploads.

Shareholder Impact: Shareholders wishing to participate in the takeover offer must ensure their shares are delivered through the early pay-in mechanism during the bidding window from October 20 to November 4, 2025.

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

Impact Justification

Specific to single company takeover process. Important for shareholders and participants involved in the acquisition but limited broader market impact.