Description
BSE revises settlement schedule for the takeover offer of Lake Shore Realty Limited, with obligation download date moved to November 4, 2025 and settlement date to November 6, 2025.
Summary
BSE has issued a revised settlement schedule for the Offer to Buy – Acquisition Window (Takeover) for Lake Shore Realty Limited (Settlement No. 2025098). The bidding period ran from October 13, 2025 to October 28, 2025. The revised obligation download date is November 4, 2025, and the revised settlement date is November 6, 2025. This circular supersedes the original schedule announced in Notice No. 20251009-19.
Key Points
- Settlement Number: 2025098
- Bid Period: October 13, 2025 to October 28, 2025
- Revised Obligation Download Date: November 4, 2025
- Revised Settlement Date: November 6, 2025
- Market Type designation: “Takeover”
- Demat shares must be delivered exclusively through Early Pay-in of Shares mechanism
- Early Pay-in facility is available in both depositories
Regulatory Changes
No new regulatory changes introduced. This circular implements a schedule revision within the existing framework for acquisition of shares through Stock Exchange as per revised guidelines.
Compliance Requirements
- Members/Custodians: Must deliver demat shares only through Early Pay-in of Shares mechanism available in both depositories
- Members/Custodians: Must use Market Type “Takeover” and Settlement No. 2025098 in the depository system
- Members: Must refer to Notice No. 20200528-32 dated May 28, 2020 regarding settlement as per revised guidelines for acquisition mechanism
- Members: Should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
Important Dates
| Event | Date |
|---|---|
| Bid Start Date | October 13, 2025 |
| Bid End Date | October 28, 2025 |
| Revised Obligation Download | November 4, 2025 |
| Revised Settlement Date | November 6, 2025 |
Impact Assessment
Market Impact: Low - Limited to participants in the specific takeover offer for Lake Shore Realty Limited.
Operational Impact: Low to Medium - Members and custodians participating in this takeover must adjust their settlement processes to accommodate the revised dates. The requirement to use Early Pay-in mechanism and specific settlement identifiers requires operational compliance.
Stakeholder Impact: Affects acquiring parties, existing shareholders tendering shares in the takeover offer, and clearing members/custodians facilitating the transaction.
Contact for Clarifications:
- ICCL Help Desk: 022-69158590/45720490/45720690
- Email: iccl.helpdesk@icclindia.com
Impact Justification
Impacts only participants in the specific takeover offer for Lake Shore Realty Limited. Administrative revision of settlement dates with no broader market implications.