Description

BSE revises settlement calendar for the takeover acquisition window of Lake Shore Realty Limited, extending obligation download date 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 revision supersedes the original schedule announced in Notice No. 20251009-19.

Key Points

  • Settlement Type: Takeover (Settlement No. 2025098)
  • Bid Period: October 13, 2025 to October 28, 2025
  • Revised Obligation Download Date: November 4, 2025
  • Revised Settlement Date: November 6, 2025
  • Demat shares must be delivered only through Early Pay-in of Shares mechanism available in both depositories
  • Market Type “Takeover” and Settlement No. 2025098 must be used by Members/Custodians in the depository system
  • Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges

Regulatory Changes

No new regulatory changes introduced. This circular provides revised settlement timelines for an ongoing takeover acquisition process under existing SEBI guidelines for share acquisition through stock exchanges.

Compliance Requirements

  • Members and Custodians must use the Early Pay-in of Shares mechanism for delivering demat shares
  • Members and Custodians must specify 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 of Mechanism for acquisition of shares through Stock Exchange
  • Members must consult MBRSTD_OTB_CM_mmm_SettNo file for applicable client-wise stamp duty charges
  • For clarifications, contact relationship managers or ICCL Help Desk (022-69158590/45720490/45720690, iccl.helpdesk@icclindia.com)

Important Dates

  • October 13, 2025: Bid Start Date
  • October 28, 2025: Bid End Date
  • November 4, 2025: Revised Obligation Download Date
  • November 6, 2025: Revised Settlement Date

Impact Assessment

This revision affects shareholders participating in the takeover of Lake Shore Realty Limited and the brokers/custodians facilitating the transaction. The extension of settlement dates provides additional time for members to fulfill their obligations. The impact is limited to participants in this specific takeover transaction. Members must ensure compliance with the Early Pay-in mechanism and proper use of settlement identifiers to avoid settlement failures.

Impact Justification

Revised settlement schedule for specific takeover transaction affecting shareholders and members dealing with Lake Shore Realty Limited acquisition