Description

Settlement calendar for takeover offer to buy Grand Foundry Limited shares through acquisition window from November 3 to November 17, 2025.

Summary

BSE has announced the settlement schedule for the Offer to Buy acquisition window (takeover) for GRAND FOUNDRY LIMITED. The bidding window will be open from November 3, 2025 to November 17, 2025, with settlement number 2025116. Obligation download is scheduled for November 28, 2025 and final settlement on December 1, 2025.

Key Points

  • Settlement Type: Takeover (Settlement No. 2025116)
  • Bid Period: November 3, 2025 to November 17, 2025
  • Demat shares must be delivered only through Early Pay-in of Shares mechanism
  • Market Type “(Takeover)” and settlement number must be specified in depository system
  • CDSL & NSDL early pay-in securities will be earmarked/blocked in client accounts
  • No EPN file upload required by members and custodians
  • Members can refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges

Regulatory Changes

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

Compliance Requirements

  • Members/Custodians: Must ensure early pay-in of securities is reflected in BSE/ICCL systems before prescribed timelines
  • Participants: Must complete early pay-in process in depository system sufficiently in advance before BSE OTB bidding window closure
  • Members: Must use Market Type “(Takeover)” and settlement No. 2025116 in depository system
  • Members: Should refer to MBRSTD_OTB_CM_mmm_SettNo file for stamp duty charges

Important Dates

  • 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: Low - affects only shareholders of Grand Foundry Limited who wish to participate in the takeover offer.

Operational Impact: Medium for participating members and custodians - requires proper coordination for early pay-in of securities and adherence to prescribed timelines for bid placement and confirmation. The early pay-in mechanism through depositories eliminates the need for EPN file uploads, streamlining the process.

Contact: ICCL Help Desk available at 022-69158590/45720490/45720690 or iccl.helpdesk@icclindia.com for clarifications.

Impact Justification

Affects only shareholders of Grand Foundry Limited participating in takeover offer; standard settlement procedure with clear timelines