Description
Settlement calendar for the takeover acquisition window of ONIX SOLAR ENERGY LTD, 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 ONIX SOLAR ENERGY LTD. The bidding window will be open from October 20, 2025 to November 4, 2025, with settlement number 2025107. Demat shares must be delivered through the Early Pay-in mechanism available in both depositories.
Key Points
- Settlement Type: Takeover
- Settlement Number: 2025107
- Bidding Period: October 20, 2025 to November 4, 2025
- Obligation Download Date: November 17, 2025
- Settlement Date: November 18, 2025
- Demat shares must be delivered only through Early Pay-in of Shares mechanism
- Market Type “Takeover” and settlement number 2025107 must 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 & Custodians
Regulatory Changes
No new regulatory changes introduced. This circular follows the 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 early pay-in of securities is reflected in BSE/ICCL systems before prescribed timelines for accepting/confirming bids on BSE OTB platform
- Members/Custodians: Must complete early pay-in process in Depository system sufficiently in advance before BSE OTB Bidding window closure
- Members/Custodians: Must use Market Type “Takeover” and settlement number 2025107 in depository system entries
- Members: Should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
- Members: Should refer to Notice No.20200528-32 dated May 28, 2020 for settlement guidelines
Important Dates
| Event | Date |
|---|---|
| Bid Start Date | October 20, 2025 |
| Bid End Date | November 4, 2025 |
| Obligation Download | November 17, 2025 |
| Settlement Date | November 18, 2025 |
Impact Assessment
Market Impact: Medium - This is a company-specific takeover event affecting only ONIX SOLAR ENERGY LTD shareholders and market participants involved in the acquisition.
Operational Impact: Medium - Members and Custodians participating in the takeover must ensure proper early pay-in procedures are followed and securities are delivered through the correct mechanism with appropriate settlement number and market type designations.
Stakeholder Impact: Affects shareholders of ONIX SOLAR ENERGY LTD who wish to participate in the acquisition window, as well as BSE members and custodians handling the transactions.
Contact Information
For clarifications, contact ICCL Help Desk:
- Phone: 022-69158590 / 45720490 / 45720690
- Email: iccl.helpdesk@icclindia.com
Issued by: Indian Clearing Corporation Ltd. Officials: Jai Ghadi (Assistant Manager), Tajindersingh Virdi (Senior Manager)
Impact Justification
Company-specific takeover settlement schedule affecting shareholders and members participating in the acquisition window for ONIX SOLAR ENERGY LTD