Description

Schedule of activities for the offer to buy (takeover) of SBEC SUGAR LTD shares through acquisition window from October 28, 2025 to November 12, 2025.

Summary

BSE has announced the detailed schedule for the Offer to Buy (Acquisition Window - Takeover) of SBEC SUGAR LTD shares. The offer will be open from Tuesday, October 28, 2025 to Wednesday, November 12, 2025. Trading members and custodian members can bid through the iBBS platform for investors holding shares in demat form. The offer is for up to 1,23,90,009 equity shares at Rs. 21.19 per share.

Key Points

  • Security Details: SBEC SUGAR LTD (Symbol: SBECSUG, Scrip Code: 532102, ISIN: INE948G01019)
  • Offer Size: Up to 1,23,90,009 equity shares
  • Offer Price: Rs. 21.19 per share
  • Face Value: Rs. 10.00
  • Market Lot: 1 share
  • Opening Date: Tuesday, October 28, 2025
  • Closing Date: Wednesday, November 12, 2025
  • Session Timings: 9:15 AM to 3:30 PM (bid offering and give-up/take-up)
  • Last Day Take-up Extended: Until 4:00 PM on November 12, 2025

Regulatory Changes

No regulatory changes. This circular provides operational instructions for conducting the takeover offer through BSE’s Offer to Buy (OTB) platform.

Compliance Requirements

  • Trading Members: Must ensure investor UCC is registered/updated with correct PAN number and category in Exchange UCC database
  • Eligible Participants: Trading members can bid only for investors having shares in demat form
  • Platform Access: Members must use iBBS platform (Internet: https://ibbs.bseindia.com/ or Leased Line: https://ibbsll.bseindia.com/) and RTRMS for order placement
  • Reference Circulars: Members should refer to Exchange Notices 20150930-1 (September 30, 2015) and 20170203-29 (February 3, 2017) for operational instructions
  • Extranet Access: Files for acceptance of bids available after confirmation from Merchant Banker/RTA post-issue closure

Important Dates

  • Bid Offering Period: October 28, 2025 to November 12, 2025 (9:15 AM - 3:30 PM)
  • Give-up/Take-up Period: October 28, 2025 to November 11, 2025 (9:15 AM - 3:30 PM)
  • Give-up (Last Day): November 12, 2025 (9:15 AM - 3:30 PM)
  • Take-up (Last Day): November 12, 2025 (9:15 AM - 4:00 PM)

Impact Assessment

Market Impact: Low - This is a company-specific takeover offer affecting only shareholders of SBEC SUGAR LTD who wish to tender their shares.

Operational Impact: Medium for participating brokers and custodians who need to facilitate client participation through the OTB platform.

Investor Categories Eligible: Foreign Institutional Buyers (FII), Financial Institutions (FI), Mutual Funds (MF), Insurance Companies (IC), Other QIBs (OTH), Non-Institutional Buyers (NOH), Companies (CO), and Individuals (IND).

Contact Support: BSE has provided detailed contact information for trading operations, iBBS support, RTRMS support, and listing operations to assist members during the offer period.

Impact Justification

Routine takeover offer for a single company affecting only shareholders of SBEC SUGAR LTD. Medium importance for participants but low overall market impact.