Description

Settlement calendar for takeover offer to buy Cupid Breweries and Distilleries Limited through acquisition window from October 27, 2025 to November 10, 2025.

Summary

BSE has announced the settlement calendar for the Offer to Buy through Acquisition Window (Takeover) for CUPID BREWERIES AND DISTILLERIES LIMITED. The takeover bidding window will be open from October 27, 2025 to November 10, 2025, with Settlement No. 2025109. Obligation download is scheduled for November 21, 2025 and final settlement on November 24, 2025.

Key Points

  • Settlement Type: Takeover (Settlement No. 2025109)
  • Bid Period: October 27, 2025 to November 10, 2025
  • Obligation Download Date: November 21, 2025
  • Settlement Date: November 24, 2025
  • Demat shares must be delivered through Early Pay-in of Shares mechanism available in both depositories
  • Market Type “Takeover” and Settlement No. 2025109 to be used in depository system
  • CDSL and NSDL early pay-in securities will be earmarked/blocked in client accounts automatically
  • No EPN file upload required by Members and Custodians
  • Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges

Regulatory Changes

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

Compliance Requirements

For Members and Custodians:

  • Complete early pay-in of securities in Depository system sufficiently in advance before prescribed timelines
  • Ensure effect of early pay-in is reflected in BSE/ICCL systems before deadlines for accepting/confirming bids
  • Use Market Type “Takeover” and Settlement No. 2025109 in all depository transactions
  • Securities will be automatically earmarked/blocked in requisite market type and settlement number
  • Refer to MBRSTD_OTB_CM_mmm_SettNo file for stamp duty charges

Timing Requirements:

  • Early pay-in must be completed before closure of BSE OTB Bidding window for members
  • Early pay-in must be completed before closure of confirmation window for custodians

Important Dates

  • October 27, 2025: Bid Start Date
  • November 10, 2025: Bid End Date
  • November 21, 2025: Obligation Download Date
  • November 24, 2025: Final Settlement Date

Impact Assessment

Market Impact: Medium - Affects shareholders of CUPID BREWERIES AND DISTILLERIES LIMITED who wish to participate in the takeover offer.

Operational Impact: Medium - Members and Custodians must ensure timely early pay-in of demat shares using specific settlement number and market type designation. Failure to complete early pay-in before bidding/confirmation window closure may result in inability to participate in the takeover offer.

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

Impact Justification

Settlement schedule for specific takeover offer affecting single stock with defined timeline and procedural requirements for members and custodians