Description

Settlement calendar for the acquisition window (takeover) of The Indian Link Chain Manufacturers Limited, to be conducted from October 23, 2025 to November 6, 2025.

Summary

BSE has announced the settlement schedule for the Offer to Buy – Acquisition Window (Takeover) for The Indian Link Chain Manufacturers Limited. The acquisition window will be open from October 23, 2025 to November 6, 2025, with settlement number 2025108. Members and custodians must deliver demat shares through the Early Pay-in mechanism, and securities will be earmarked/blocked in clients’ accounts with the requisite market type and settlement number.

Key Points

  • Settlement Type: Takeover (Settlement No. 2025108)
  • Bid Start Date: October 23, 2025
  • Bid End Date: November 6, 2025
  • Obligation Download: November 19, 2025
  • Settlement Date: November 20, 2025
  • Demat shares must be delivered only through Early Pay-in mechanism available in both depositories
  • Market Type “(Takeover)” and settlement No. 2025108 must be used by Members/Custodians in the depository system
  • CDSL & NSDL early pay-in securities will be earmarked/blocked in clients’ accounts automatically
  • Members are NOT required to upload any EPN file
  • Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges

Regulatory Changes

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

Compliance Requirements

  • Members/Custodians must deliver demat shares through Early Pay-in of Shares mechanism in both depositories
  • Participants must ensure early pay-in effect is reflected in BSE/ICCL systems before prescribed timelines for accepting/confirming bids
  • Complete early pay-in process in Depository system sufficiently in advance before BSE OTB Bidding window closure
  • Use Market Type “(Takeover)” and Settlement No. 2025108 in depository system transactions
  • Review MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
  • Refer to Notice No. 20200528-32 dated May 28, 2020 for settlement guidelines

Important Dates

  • October 23, 2025: Bid Start Date / Acquisition Window Opens
  • November 6, 2025: Bid End Date / Acquisition Window Closes
  • November 19, 2025: Obligation Download
  • November 20, 2025: Settlement Date

Impact Assessment

Market Impact: Medium - This is a specific takeover event affecting shareholders of The Indian Link Chain Manufacturers Limited who wish to participate in the acquisition window.

Operational Impact: Medium - Members and custodians handling client positions in this security must follow prescribed early pay-in procedures and ensure timely processing within the depository systems to meet BSE OTB platform deadlines.

Stakeholders Affected: Shareholders of The Indian Link Chain Manufacturers Limited, BSE trading members, custodians, and depositories (CDSL and NSDL).

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

Impact Justification

Routine takeover settlement schedule with specific operational requirements for members and custodians participating in the acquisition window for The Indian Link Chain Manufacturers Limited