Description

Settlement calendar for the takeover offer to buy V.I.P. INDUSTRIES LIMITED through acquisition window, to be conducted from November 3, 2025 to November 17, 2025.

Summary

BSE has announced the settlement calendar for the Offer to Buy through Acquisition Window (Takeover) for V.I.P. INDUSTRIES LIMITED. The bidding window will be open from November 3, 2025 to November 17, 2025, with Settlement No. 2025115. Obligation download is scheduled for November 28, 2025 and final settlement on December 1, 2025.

Key Points

  • Settlement Type: Takeover (Settlement No. 2025115)
  • Bid Period: November 3, 2025 to November 17, 2025
  • Obligation Download Date: November 28, 2025
  • Settlement Date: December 1, 2025
  • Demat shares must be delivered only through Early Pay-in of Shares mechanism
  • Market Type “(Takeover)” and settlement number 2025115 must be used in depository system
  • Securities will be earmarked/blocked in clients’ accounts in CDSL & NSDL
  • No EPN file upload required by Members & Custodians
  • Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges

Regulatory Changes

No new regulatory changes. This circular implements the existing 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 use Early Pay-in of Shares mechanism available in both depositories
  • Market Type Specification: Must use Market Type “(Takeover)” and Settlement No. 2025115 in depository system
  • Timing: Participants must ensure early pay-in securities effect is reflected in BSE/ICCL systems before prescribed timelines for accepting/confirming bids
  • Early Pay-in Completion: Must complete depository system process sufficiently in advance before BSE OTB bidding window closure and custodian confirmation window
  • Stamp Duty: Members must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges

Important Dates

  • October 30, 2025: Circular issued
  • November 3, 2025: Bid start date
  • November 17, 2025: Bid end date
  • November 28, 2025: Obligation download date
  • December 1, 2025: Settlement date

Impact Assessment

Market Impact: Limited to shareholders of V.I.P. INDUSTRIES LIMITED and the acquiring entity. This is a structured takeover process through the exchange platform.

Operational Impact: Members and custodians need to ensure proper early pay-in processes and timely completion of depository requirements. The automated earmarking/blocking mechanism simplifies the process by eliminating EPN file uploads.

Participant Impact: Shareholders wishing to participate in the offer must ensure their brokers/custodians complete early pay-in requirements within the specified timelines. The 15-day bidding window provides adequate time for participation.

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

Impact Justification

Specific to a single stock takeover process with defined settlement schedule; important for participants involved in the acquisition but limited to VIP Industries shareholders and acquirers