Description
Settlement calendar for the acquisition window takeover of Sri Adhikari Brothers Television Network Limited, to be conducted from October 20, 2025 to November 4, 2025.
Summary
BSE has announced the settlement calendar for the Offer to Buy (Acquisition Window - Takeover) for Sri Adhikari Brothers Television Network Limited. The takeover window will operate from October 20, 2025 to November 4, 2025, with settlement number 2025106. The obligation download date is November 10, 2025 and the settlement date is November 11, 2025.
Key Points
- Settlement Type: Takeover
- Settlement Number: 2025106
- Bid Start Date: October 20, 2025
- Bid End Date: November 4, 2025
- Obligation Download: November 10, 2025
- Settlement Date: November 11, 2025
- Demat shares must be delivered only through Early Pay-in of Shares mechanism
- Market Type designation: “(Takeover)” must be used in depository system
- CDSL & NSDL early pay-in securities will be earmarked/blocked in clients’ accounts
- Members NOT required to upload any EPN file
- Stamp duty charges available in MBRSTD_OTB_CM_mmm_SettNo file
Regulatory Changes
No new regulatory changes introduced. The circular implements existing revised guidelines for the mechanism for acquisition of shares through Stock Exchange as per Notice No.20200528-32 dated May 28, 2020.
Compliance Requirements
- Members/Custodians must deliver demat shares only through the Early Pay-in of Shares mechanism available in both depositories
- Members/Custodians must use Market Type “(Takeover)” and settlement number 2025106 in the depository system
- Participants must ensure early pay-in of securities is reflected in BSE/ICCL systems before prescribed timelines for accepting/confirming bids
- Early pay-in process must be completed sufficiently in advance before closure of BSE OTB Bidding window and confirmation window timelines
- Members must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
Important Dates
| Event | Date |
|---|---|
| Bid Start Date | October 20, 2025 |
| Bid End Date | November 4, 2025 |
| Obligation Download | November 10, 2025 |
| Settlement Date | November 11, 2025 |
Impact Assessment
This circular has medium impact on shareholders of Sri Adhikari Brothers Television Network Limited who wish to participate in the takeover offer. Members and custodians handling transactions must ensure compliance with early pay-in requirements and proper system designation to avoid settlement failures. The 16-day bidding window provides adequate time for shareholders to make informed decisions. Proper coordination between members, custodians, and depositories is essential for smooth settlement operations.
Impact Justification
Specific takeover settlement schedule affecting shareholders of Sri Adhikari Brothers Television Network Limited with defined timelines and operational requirements for members and custodians.