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 acquisition window will operate from October 20, 2025 to November 4, 2025, with settlement number 2025106. Members and custodians must follow early pay-in procedures through depositories to participate in this takeover process.

Key Points

  • Settlement Type: Takeover (Settlement No. 2025106)
  • Bid Period: October 20, 2025 to November 4, 2025
  • Obligation Download Date: November 10, 2025
  • Settlement Date: November 11, 2025
  • Demat shares must be delivered through Early Pay-in of Shares mechanism available in both depositories
  • Market Type “(Takeover)” and settlement number 2025106 must be used in depository system
  • CDSL & NSDL early pay-in securities will be earmarked/blocked in clients’ accounts automatically
  • No EPN file upload required by members and custodians

Regulatory Changes

No new regulatory changes. This circular implements the existing Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange as referenced in Notice No.20200528-32 dated May 28, 2020.

Compliance Requirements

  • Members/Custodians must complete early pay-in of securities in the depository system sufficiently in advance before prescribed timelines
  • Effect of early pay-in must be reflected in BSE/ICCL systems before prescribed timelines for accepting/confirming bids
  • Members must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
  • Participants must ensure timely completion to meet BSE OTB Bidding window closure and Custodian confirmation window deadlines

Important Dates

  • October 17, 2025: Notice 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 takeover process affects members, custodians, and shareholders of Sri Adhikari Brothers Television Network Limited who wish to participate in the acquisition window. The early pay-in mechanism ensures orderly settlement and reduces settlement risk. Members and custodians need to coordinate timing carefully to ensure securities are reflected in BSE/ICCL systems before bidding deadlines. For assistance, ICCL Help Desk is available at 022-69158590/45720490/45720690 or iccl.helpdesk@icclindia.com.

Impact Justification

Routine takeover settlement process with specific timelines for members and custodians participating in the acquisition of Sri Adhikari Brothers Television Network Limited shares