Description

Settlement calendar for the Offer to Buy under Acquisition Window (Takeover) for DEVINSU TRADING LIMITED, to be conducted from October 27, 2025 to November 10, 2025.

Summary

BSE has issued the settlement calendar for the Offer to Buy under Acquisition Window (Takeover) for DEVINSU TRADING LIMITED. The bidding window will operate from October 27, 2025 to November 10, 2025, with Settlement No. 2025110. Obligation download is scheduled for November 17, 2025 and final settlement on November 18, 2025.

Key Points

  • Settlement Type: Takeover (Settlement No. 2025110)
  • Bid Period: October 27, 2025 to November 10, 2025
  • Demat shares must be delivered only through Early Pay-in mechanism available in both depositories
  • Market Type “(Takeover)” and Settlement No. 2025110 must be used in depository system
  • Early pay-in securities will be earmarked/blocked in clients’ 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 circular implements the existing 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 complete early pay-in of securities in Depository system sufficiently in advance before prescribed timelines
  • Members/Custodians: Must ensure effect of early pay-in is reflected in BSE/ICCL systems before prescribed timelines for accepting/confirmation of bids
  • Members/Custodians: Must use Market Type “(Takeover)” and Settlement No. 2025110 in depository system
  • Members: Must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
  • Participants: Must complete early pay-in process before closure of BSE OTB Bidding window and confirmation window

Important Dates

  • Bid Start Date: October 27, 2025
  • Bid End Date: November 10, 2025
  • Obligation Download: November 17, 2025
  • Settlement Date: November 18, 2025
  • Notice Date: October 24, 2025

Impact Assessment

Operational Impact: Medium - This affects only participants involved in the DEVINSU TRADING LIMITED takeover acquisition. Members and custodians must follow specific early pay-in procedures and timing requirements.

Market Impact: Low - Limited to a single company’s acquisition window with no broader market implications.

Compliance Burden: Low to Medium - Standard takeover settlement procedures apply. Members must ensure timely early pay-in and proper use of settlement identifiers, but no EPN file uploads are required which simplifies the process.

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

Impact Justification

Settlement schedule for a specific takeover acquisition window affecting DEVINSU TRADING LIMITED. Important for participants involved in this acquisition but limited broader market impact.