Description

Settlement calendar and procedures for the takeover offer to buy acquisition window for Sri Adhikari Brothers Television Network Limited, scheduled from October 20, 2025 to November 4, 2025.

Summary

BSE has announced the settlement calendar and procedures for the Offer to Buy – Acquisition Window (Takeover) for SRI ADHIKARI BROTHERS TELEVISION NETWORK LIMITED. The takeover bidding window will operate from October 20, 2025 to November 4, 2025, with settlement number 2025106. Obligation download is scheduled for November 10, 2025, and final settlement on November 11, 2025.

Key Points

  • Settlement Type: Takeover, Settlement Number: 2025106
  • Bidding Period: October 20, 2025 to November 4, 2025
  • Demat shares must be delivered through Early Pay-in of Shares mechanism only
  • Market Type “(Takeover)” and settlement number 2025106 must be used in depository systems
  • CDSL and NSDL early pay-in securities will be earmarked/blocked in client accounts automatically
  • No EPN file upload required by Members and Custodians
  • Members must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges

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 use Early Pay-in of Shares mechanism available in both depositories
  • Members/Custodians: Must specify Market Type “(Takeover)” and settlement number 2025106 in depository system
  • Participants: Must ensure early pay-in securities are reflected in BSE/ICCL systems before prescribed timelines for bid acceptance/confirmation
  • Participants: Must complete early pay-in process sufficiently in advance before BSE OTB Bidding window closure
  • Members: Must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
  • Members/Custodians: Must contact ICCL Help Desk for clarifications (022-69158590/45720490/45720690 or iccl.helpdesk@icclindia.com)

Important Dates

  • October 17, 2025: Circular issuance date
  • October 20, 2025: Bid start date
  • November 4, 2025: Bid end date
  • November 10, 2025: Obligation download date
  • November 11, 2025: Settlement date

Impact Assessment

This circular has medium impact limited to participants in the takeover offer for Sri Adhikari Brothers Television Network Limited. Members and custodians must follow specific settlement procedures and ensure timely early pay-in of securities through the depository system. The requirement to complete early pay-in sufficiently in advance of bidding window closure requires careful timing coordination. The automatic earmarking/blocking of securities in client accounts eliminates the need for manual EPN file uploads, streamlining the process.

Impact Justification

Affects specific company takeover process with defined settlement procedures and deadlines for members and custodians participating in the acquisition window.