Description
Settlement calendar for the acquisition window (takeover) of Cupid Breweries and Distilleries Limited through stock exchange mechanism from October 27 to November 10, 2025.
Summary
BSE has announced the settlement schedule for the Offer to Buy through Acquisition Window (Takeover) for 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 on November 24, 2025.
Key Points
- Settlement Type: Takeover
- Settlement Number: 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 through Early Pay-in mechanism only
- Market Type to be used: “Takeover” with settlement no. 2025109
- CDSL & NSDL early pay-in securities will be earmarked/blocked in client accounts
- No EPN file upload required by Members & Custodians
- Stamp Duty charges available in MBRSTD_OTB_CM_mmm_SettNo file
Regulatory Changes
No new regulatory changes. This circular 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
- Members/Custodians: Must deliver demat shares only through Early Pay-in of Shares mechanism available in both depositories
- Members/Custodians: Must use Market Type “Takeover” and settlement no. 2025109 in the depository system
- Participants: Must ensure early pay-in of securities is reflected in BSE/ICCL systems before prescribed timelines for accepting/confirming bids
- Participants: Must complete early pay-in process sufficiently in advance before closure of BSE OTB Bidding window and confirmation window
- Members: Should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
- Members & Custodians: NOT required to upload any EPN file
Important Dates
| Event | Date |
|---|---|
| Bid Start Date | October 27, 2025 |
| Bid End Date | November 10, 2025 |
| Obligation Download | November 21, 2025 |
| Settlement Date | November 24, 2025 |
Impact Assessment
Market Impact: Medium - This takeover offer specifically impacts shareholders of CUPID BREWERIES AND DISTILLERIES LIMITED who wish to participate in the acquisition window. The extended bidding period (15 days) provides adequate time for shareholders to tender their shares.
Operational Impact: Medium - Members and Custodians need to ensure proper implementation of early pay-in mechanisms through their respective depositories (CDSL/NSDL). The automatic earmarking/blocking feature simplifies the process by eliminating the need for EPN file uploads. Participants must carefully manage timing to ensure early pay-in is reflected in BSE/ICCL systems before bidding deadlines.
Contact: For clarifications, contact ICCL Help Desk at 022-69158590/45720490/45720690 or iccl.helpdesk@icclindia.com
Impact Justification
Important for shareholders of Cupid Breweries participating in the takeover offer. Medium impact as it affects specific stock holders and requires compliance with early pay-in procedures.