Description
Settlement calendar for the takeover offer to buy acquisition window for V.I.P. Industries Limited, conducting bidding from November 3-17, 2025 with settlement on December 1, 2025.
Summary
BSE has announced the settlement calendar for the Offer to Buy – Acquisition Window (Takeover) for V.I.P. Industries Limited. The bidding window will be open from November 3, 2025 to November 17, 2025, with obligation download on November 28, 2025 and final settlement on December 1, 2025. Settlement number 2025115 has been assigned for this takeover offer.
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 mechanism
- Market Type “(Takeover)” and settlement number 2025115 to 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 notice implements existing guidelines as per Notice No. 20200528-32 dated May 28, 2020, regarding Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange.
Compliance Requirements
- Members/Custodians: Must complete early pay-in of securities in the depository system sufficiently in advance before prescribed timelines
- Participants: Must ensure effect of early pay-in is reflected in BSE/ICCL systems before bidding window deadlines
- Members: Must use correct Market Type “(Takeover)” and settlement number 2025115 in depository system
- Members: Should refer to MBRSTD_OTB_CM_mmm_SettNo file for stamp duty charges
- Timing: Early pay-in must be completed before closure of BSE OTB Bidding window for member bids and confirmation window for Custodian confirmations
Important Dates
| Event | Date |
|---|---|
| Bid Start Date | November 3, 2025 |
| Bid End Date | November 17, 2025 |
| Obligation Download | November 28, 2025 |
| Settlement Date | December 1, 2025 |
Impact Assessment
Market Impact: Medium - Affects shareholders of V.I.P. Industries Limited who wish to participate in the takeover offer.
Operational Impact: Members and custodians handling shares of V.I.P. Industries must follow specific early pay-in procedures through both CDSL and NSDL depositories. The automatic earmarking/blocking mechanism simplifies the process by eliminating the need for EPN file uploads.
Participant Impact: Shareholders wishing to tender shares must work with their brokers/custodians to ensure timely early pay-in delivery before the bidding window closes. The 15-day bidding window provides adequate time for participation.
Contact Information
For clarifications, Members & Custodians may contact:
- ICCL Help Desk: 022-69158590 / 45720490 / 45720690
- Email: iccl.helpdesk@icclindia.com
- Officials: Jai Ghadi (Assistant Manager), Tajindersingh Virdi (Senior Manager)
Impact Justification
Affects shareholders of V.I.P. Industries participating in the takeover offer, with specific settlement procedures and timelines that must be followed