Description

Settlement calendar and procedures for the Offer to Buy (Takeover) of V.I.P. Industries Limited through acquisition window from November 3-17, 2025.

Summary

BSE has announced the settlement schedule for the Offer to Buy (Takeover) of V.I.P. Industries Limited through the acquisition window. The bidding period will run 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. Members and custodians must use early pay-in mechanisms through depositories with specific market type and settlement number requirements.

Key Points

  • Takeover bid window open from November 3-17, 2025
  • Settlement Number: 2025115
  • Obligation download: November 28, 2025
  • Settlement date: December 1, 2025
  • Demat shares must be delivered only through Early Pay-in mechanism
  • Securities will be earmarked/blocked in client accounts in CDSL & NSDL
  • No EPN file upload required by members and custodians
  • Market Type “(Takeover)” and settlement number must be specified in depository system

Regulatory Changes

No new regulatory changes. This circular implements existing guidelines as per Notice No.20200528-32 dated May 28, 2020, regarding the Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange.

Compliance Requirements

  • Members/Custodians: Must complete early pay-in of securities in depository system sufficiently in advance before prescribed timelines
  • Members/Custodians: Must ensure early pay-in effects are reflected in BSE/ICCL systems before bid acceptance/confirmation deadlines
  • Members/Custodians: Must use Market Type “(Takeover)” and Settlement No. 2025115 in depository system
  • Members: Should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
  • Participants: Must ensure timely completion before closure of BSE OTB bidding window for members and confirmation window for custodians

Important Dates

  • 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

This takeover offer affects V.I.P. Industries Limited shareholders who may wish to tender their shares through the acquisition window. Members and custodians participating in the offer must follow specific settlement procedures and early pay-in mechanisms. The 15-day bidding window provides adequate time for shareholders to participate. The automatic earmarking/blocking of securities in client accounts streamlines the process by eliminating the need for separate EPN file uploads. Market impact is limited to participants in this specific takeover transaction.

Impact Justification

Corporate action requiring specific settlement procedures for takeover bid of V.I.P. Industries, affecting shareholders and members participating in the acquisition window