Description

BSE announces revised settlement dates for the takeover acquisition window of Lake Shore Realty Limited, with obligation download on November 4, 2025 and settlement on 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 window that ran from October 13, 2025 to October 28, 2025 now has updated obligation download and settlement dates of November 4 and November 6, 2025 respectively.

Key Points

  • Settlement Type: Takeover
  • 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
  • Demat shares must be delivered through Early Pay-in of Shares mechanism available in both depositories
  • Market Type “Takeover” and settlement number 2025098 must be used by Members/Custodians in depository system
  • Members can refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges

Regulatory Changes

This circular revises the previously announced settlement schedule (Notice No. 20251009-19) for the Lake Shore Realty Limited takeover acquisition window.

Compliance Requirements

  • Members and Custodians must deliver demat shares only through Early Pay-in of Shares mechanism
  • Members/Custodians must specify Market Type “Takeover” and settlement number 2025098 in depository system
  • Members should 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 check MBRSTD_OTB_CM_mmm_SettNo file for applicable client-wise Stamp Duty charges

Important Dates

  • 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

This circular has limited market impact as it affects only participants involved in the Lake Shore Realty Limited takeover offer. The revision extends the settlement timeline by a few days compared to the original schedule. Members and custodians holding shares for clients participating in this acquisition must ensure compliance with the early pay-in mechanism and updated settlement dates. For queries, members can contact ICCL Help Desk at 022-69158590/45720490/45720690 or email iccl.helpdesk@icclindia.com.

Impact Justification

Impacts only shareholders and members participating in the specific takeover of Lake Shore Realty Limited. Medium importance for affected parties due to revised settlement timeline.