Description

BSE announces revised settlement schedule for CDG PETCHEM LIMITED takeover offer, with obligation download on October 30, 2025 and settlement on October 31, 2025.

Summary

BSE has issued a revised settlement schedule for the Offer to Buy – Acquisition Window (Takeover) for CDG PETCHEM LIMITED, which was conducted from October 10, 2025 to October 27, 2025. This notice revises the previous notice (20251009-19) and updates the obligation download date to October 30, 2025 and the settlement date to October 31, 2025.

Key Points

  • Settlement Type: Takeover (Settlement No. 2025097)
  • Bidding Period: October 10, 2025 to October 27, 2025
  • Revised Obligation Download Date: October 30, 2025
  • Revised Settlement Date: October 31, 2025
  • Demat shares must be delivered only through Early Pay-in of Shares mechanism available in both depositories
  • Market Type “Takeover” and Settlement No. 2025097 must be used by Members/Custodians in the depository system
  • Client-wise stamp duty charges available in MBRSTD_OTB_CM_mmm_SettNo file

Regulatory Changes

No new regulatory changes. This circular implements 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 and Custodians must deliver demat shares exclusively through the Early Pay-in of Shares mechanism
  • Members and Custodians must use the correct Market Type designation “Takeover” along with Settlement No. 2025097 in the depository system
  • Members must refer to the MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
  • Members and Custodians should refer to Notice No.20200528-32 dated May 28, 2020 for settlement guidelines

Important Dates

  • Bid Start Date: October 10, 2025
  • Bid End Date: October 27, 2025
  • Revised Obligation Download: October 30, 2025
  • Revised Settlement Date: October 31, 2025
  • Notice Date: October 28, 2025

Impact Assessment

This revised settlement schedule primarily impacts members and custodians who participated in the CDG PETCHEM LIMITED takeover offer. The two-day extension from the original schedule provides additional time for obligation processing and settlement. The requirement to use Early Pay-in mechanism ensures streamlined and secure delivery of demat shares. Members dealing with this specific takeover need to adjust their settlement timelines accordingly and ensure compliance with the specified depository system parameters.

Impact Justification

Settlement schedule revision for a specific takeover offer affects members and custodians dealing with CDG PETCHEM LIMITED shares during the acquisition window