Description

Settlement calendar for delisting offer to buy acquisition window for Manphool Exports Limited, to be conducted from October 30, 2025 to November 6, 2025.

Summary

BSE has announced the settlement calendar for the Offer to Buy – Acquisition Window (Delisting) for Manphool Exports Limited. The bidding window will be open from October 30, 2025 to November 6, 2025, with settlement number 2025113. Members and custodians must follow early pay-in procedures for demat shares through their respective depositories.

Key Points

  • Settlement Type: Delisting (Settlement No. 2025113)
  • Bid Period: October 30, 2025 to November 6, 2025
  • Obligation Download: November 14, 2025
  • Settlement Date: November 17, 2025
  • Demat shares must be delivered through Early Pay-in mechanism only
  • Market Type “(Delisting)” to be used in depository system
  • Members must refer to Notice No.20200528-32 dated May 28, 2020 for revised acquisition guidelines
  • No EPN file upload required by members and custodians

Regulatory Changes

No regulatory changes. This circular implements existing delisting procedures as per revised guidelines outlined in 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 BSE OTB bidding window closure
  • CDSL Process: Early pay-in required directly from clients to member/custodian early pay-in account
  • NSDL Process: Securities to be earmarked/blocked in client account; client executes transfer instructions to member’s NSDL pool account with requisite market type and settlement number
  • Members: Must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
  • Timing Critical: Early pay-in effect must be reflected in BSE/ICCL systems before prescribed timelines for bid acceptance/confirmation

Important Dates

  • October 29, 2025: Notice Date
  • October 30, 2025: Bid Start Date
  • November 6, 2025: Bid End Date
  • November 14, 2025: Obligation Download
  • November 17, 2025: Settlement Date

Impact Assessment

Market Impact: Low - This is a company-specific delisting process affecting only shareholders of Manphool Exports Limited.

Operational Impact: Medium for participating members and custodians who must ensure timely early pay-in procedures and proper use of settlement number 2025113 in depository systems.

Stakeholder Impact: Shareholders of Manphool Exports Limited have the opportunity to tender their shares during the acquisition window. Members handling client orders must coordinate early pay-in timing carefully to ensure bids can be placed and confirmed within the system.

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

Impact Justification

Company-specific delisting process with limited market-wide impact, relevant only to shareholders of Manphool Exports Limited