Description

Settlement calendar and procedures for the acquisition window (takeover) of SBEC Sugar Limited, to be conducted from October 28, 2025 to November 12, 2025.

Summary

BSE has announced the settlement calendar for the Offer to Buy – Acquisition Window (Takeover) for SBEC SUGAR LIMITED. The acquisition window will operate from October 28, 2025 to November 12, 2025, with settlement number 2025111. Obligation download is scheduled for November 25, 2025, and final settlement on November 26, 2025.

Key Points

  • Settlement Type: Takeover
  • Settlement Number: 2025111
  • Bidding Period: October 28, 2025 to November 12, 2025
  • Demat shares must be delivered only through Early Pay-in of Shares mechanism available in both depositories
  • Market Type “(Takeover)” and settlement No. 2025111 to be used by Members/Custodians in depository system
  • CDSL & NSDL early pay-in securities will be earmarked/blocked in clients’ accounts
  • Members & Custodians are NOT required to upload any EPN file
  • Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges

Regulatory Changes

No new regulatory changes. The circular references existing 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

  • Participants must ensure early pay-in of securities is reflected in BSE/ICCL systems before prescribed timelines for accepting/confirmation of Bids by the BSE OTB platform
  • Early pay-in process must be completed in the Depository system sufficiently in advance before prescribed timelines for:
    • Closure of BSE OTB Bidding window for placing bids by members
    • Confirmation window for confirming Bids by Custodians
  • Members/Custodians must use Market Type “(Takeover)” and settlement No. 2025111 in depository system
  • Members to refer MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges

Important Dates

  • October 28, 2025: Bid Start Date
  • November 12, 2025: Bid End Date
  • November 25, 2025: Obligation Download
  • November 26, 2025: Settlement Date

Impact Assessment

Impact Level: Medium

This circular impacts members and custodians participating in the takeover offer for SBEC Sugar Limited. The structured settlement schedule provides clear timelines for the acquisition process. Members must ensure compliance with early pay-in requirements and proper use of settlement identifiers in depository systems. The 16-day bidding window provides adequate time for participants to complete necessary procedures. Contact support is available through ICCL Help Desk (022-69158590/45720490/45720690 or iccl.helpdesk@icclindia.com) for any clarifications.

Impact Justification

Company-specific takeover settlement schedule with defined procedures for members and custodians participating in the acquisition window for SBEC Sugar Limited