Description

Settlement calendar for offer to buy acquisition window (takeover) of 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) of CUPID BREWERIES AND DISTILLERIES LIMITED. The acquisition window will be open from October 27, 2025 to November 10, 2025, with settlement number 2025109. Obligation download is scheduled for November 21, 2025 and final settlement date is November 24, 2025.

Key Points

  • Acquisition window open from October 27, 2025 to November 10, 2025
  • Settlement number: 2025109
  • Demat shares must be delivered only through Early Pay-in of Shares mechanism
  • Market Type “(Takeover)” to be used in depository system
  • Securities will be earmarked/blocked in clients’ accounts with requisite market type and settlement number
  • No EPN file upload required by members and custodians
  • CDSL and NSDL early pay-in securities will be automatically processed

Regulatory Changes

No new regulatory changes introduced. The circular implements 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 and custodians must deliver demat shares through Early Pay-in of Shares mechanism available in both depositories
  • Must use Market Type “(Takeover)” and settlement number 2025109 in depository system
  • Participants must ensure early pay-in of securities is reflected in BSE/ICCL systems before prescribed timelines
  • Must complete early pay-in process sufficiently in advance before closure of BSE OTB Bidding window
  • Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges

Important Dates

  • October 24, 2025: Circular issue date
  • October 27, 2025: Bid start date
  • November 10, 2025: Bid end date
  • November 21, 2025: Obligation download date
  • November 24, 2025: Settlement date

Impact Assessment

This circular has medium impact as it affects shareholders of Cupid Breweries and Distilleries Limited who wish to participate in the takeover offer. Members and custodians need to ensure compliance with the early pay-in mechanism and prescribed timelines. The automated earmarking/blocking of securities in client accounts simplifies the process by eliminating the need for EPN file uploads. Contact support available through ICCL Help Desk at 022-69158590/45720490/45720690 or iccl.helpdesk@icclindia.com for clarifications.

Impact Justification

Company-specific takeover settlement schedule with defined timelines for members and custodians to participate in acquisition window