Description

Settlement calendar for the acquisition window takeover of Akzo Nobel India Limited to be conducted from October 23, 2025 to November 6, 2025.

Summary

BSE has announced the settlement calendar for the Offer to Buy – Acquisition Window (Takeover) of AKZO NOBEL INDIA LIMITED. The takeover bid window will run from October 23, 2025 to November 6, 2025, with settlement number 2025102. Obligation download is scheduled for November 19, 2025 and settlement date on November 20, 2025.

Key Points

  • Settlement Number: 2025102
  • Settlement Type: Takeover
  • Demat shares must be delivered exclusively through Early Pay-in of Shares mechanism available in both depositories
  • Market Type “(Takeover)” and settlement No. 2025102 must be used by Members/Custodians in the depository system
  • Early pay-in securities will be earmarked/blocked in clients’ accounts in requisite market type and settlement number
  • Members and Custodians are NOT required to upload any EPN file
  • CDSL & NSDL early pay-in securities will be automatically processed
  • Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges

Regulatory Changes

No new regulatory changes introduced. This circular implements existing guidelines per Notice No. 20200528-32 dated May 28, 2020, regarding settlement as per Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange.

Compliance Requirements

  • Members/Custodians: Must ensure demat shares are delivered only through Early Pay-in of Shares mechanism
  • Participants: Must ensure effect of early pay-in of securities is reflected in BSE/ICCL systems before prescribed timelines for accepting/confirmation of Bids by BSE OTB platform
  • Process Timing: Complete early pay-in process in Depository system sufficiently in advance before:
    • Prescribed timelines for closure of BSE OTB Bidding window for placing bids by members
    • Confirmation window for confirming Bids by Custodians
  • System Requirements: Use Market Type “(Takeover)” and settlement No. 2025102 in depository system
  • Stamp Duty: Members must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges

Important Dates

  • October 20, 2025: Notice date
  • October 23, 2025: Bid start date
  • November 6, 2025: Bid end date
  • November 19, 2025: Obligation download
  • November 20, 2025: Settlement date

Impact Assessment

Market Impact: Medium - This takeover offer provides shareholders of Akzo Nobel India Limited an opportunity to exit through the acquisition window mechanism during the specified 15-day period.

Operational Impact: Medium - Members and custodians must ensure proper coordination for early pay-in of securities within specified timelines. The automated earmarking/blocking process simplifies operations by eliminating the need for EPN file uploads.

Participant Impact: Investors holding shares of Akzo Nobel India Limited can participate in the takeover offer. Brokers and custodians need to ensure timely processing of early pay-in requests to meet BSE OTB platform deadlines.

Contact for Clarifications: ICCL Help Desk - Phone: 022-69158590/45720490/45720690, Email: iccl.helpdesk@icclindia.com

Impact Justification

Specific settlement schedule for a takeover transaction affecting Akzo Nobel India Limited shareholders and market participants involved in the acquisition process