Description

Settlement calendar for the acquisition window (takeover) of DEVINSU TRADING LIMITED, to be conducted from October 27, 2025 to November 10, 2025.

Summary

BSE has announced the settlement schedule for the Offer to Buy – Acquisition Window (Takeover) for DEVINSU TRADING LIMITED. The bidding period will run from October 27, 2025 to November 10, 2025, with obligation download on November 17, 2025 and final settlement on November 18, 2025 under Settlement No. 2025110.

Key Points

  • Settlement Type: Takeover, Settlement No. 2025110
  • Bid Period: October 27, 2025 to November 10, 2025
  • Obligation Download Date: November 17, 2025
  • Settlement Date: November 18, 2025
  • Demat shares must be delivered through Early Pay-in of Shares mechanism available in both depositories
  • Market Type designation: “(Takeover)” with settlement number 2025110 to be used in depository systems
  • Members must complete early pay-in process sufficiently in advance before BSE OTB Bidding window closure
  • CDSL & NSDL early pay-in securities will be earmarked/blocked in clients’ accounts
  • Members NOT required to upload EPN file

Regulatory Changes

No new regulatory changes introduced. Notice reiterates existing guidelines from 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 use Early Pay-in of Shares mechanism for demat share delivery
  • Members/Custodians: Must specify Market Type “(Takeover)” and settlement No. 2025110 in depository system
  • Participants: Must ensure early pay-in of securities is reflected in BSE/ICCL systems before prescribed timelines for bid acceptance/confirmation
  • Participants: Must complete early pay-in process sufficiently in advance before BSE OTB Bidding window closure and confirmation window for Custodians
  • Members: Should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
  • Members/Custodians: Should contact ICCL Help Desk (022-69158590/45720490/45720690 or iccl.helpdesk@icclindia.com) for clarifications

Important Dates

  • October 27, 2025: Bid Start Date
  • November 10, 2025: Bid End Date
  • November 17, 2025: Obligation Download Date
  • November 18, 2025: Settlement Date

Impact Assessment

Market Impact: Low - This notice affects only participants involved in the takeover of DEVINSU TRADING LIMITED and does not have broader market implications.

Operational Impact: Medium for involved parties - Members and custodians handling this takeover must ensure proper coordination with depository systems and adherence to early pay-in timelines. The requirement to complete early pay-in sufficiently in advance of bidding/confirmation windows requires careful operational planning.

Investor Impact: Limited to shareholders of DEVINSU TRADING LIMITED who may be participating in the acquisition window.

Impact Justification

Standard procedural notice for a specific company's takeover settlement schedule with limited market-wide impact