Description

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

Summary

BSE has announced the settlement calendar for the Offer to Buy – Acquisition Window (Takeover) for CUPID BREWERIES AND DISTILLERIES LIMITED. The bidding window will be open from October 27, 2025 to November 10, 2025, with settlement number 2025109. The settlement date is scheduled for November 24, 2025, with obligation download on November 21, 2025.

Key Points

  • Settlement Type: Takeover (Settlement No. 2025109)
  • Bid Start Date: October 27, 2025
  • Bid End Date: November 10, 2025
  • Obligation Download: November 21, 2025
  • Settlement Date: November 24, 2025
  • Demat shares must be delivered only through Early Pay-in of Shares mechanism available in both depositories
  • Market Type “(Takeover)” and settlement No. 2025109 must be used by Members/Custodians in the depository system
  • CDSL & NSDL early pay-in securities will be earmarked/blocked in clients’ accounts
  • 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 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 deliver demat shares through Early Pay-in of Shares mechanism only
  • Members/Custodians: Must use Market Type “(Takeover)” and settlement No. 2025109 in the depository system
  • Participants: Must ensure that the effect of early pay-in of securities is reflected in BSE/ICCL systems before prescribed timelines for accepting/confirmation of bids
  • Participants: Must complete the process of early pay-in of securities in the Depository system sufficiently in advance before closure of BSE OTB Bidding window
  • Members & Custodians: NOT required to upload any EPN file
  • Members: Must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges

Important Dates

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

Impact Assessment

Operational Impact: Medium - This circular affects members and custodians participating in the takeover offer for Cupid Breweries and Distilleries Limited. The process requires adherence to specific timelines for early pay-in of securities and coordination with depository systems.

Market Impact: Limited to stakeholders and participants in the Cupid Breweries takeover acquisition window. The 15-day bidding window provides adequate time for participants to prepare and execute transactions.

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

Impact Justification

This circular provides settlement schedule and operational procedures for a specific takeover offer. Impact is limited to members and custodians participating in the Cupid Breweries takeover acquisition window.