Description

Settlement calendar and early pay-in instructions for the takeover offer to buy acquisition window for Grand Foundry Limited, scheduled from November 3-17, 2025.

Summary

BSE has published the settlement calendar for the Offer to Buy – Acquisition Window (Takeover) for GRAND FOUNDRY LIMITED. The bidding period will run from November 3, 2025 to November 17, 2025 (Settlement No. 2025116), with obligation download on November 28, 2025 and final settlement on December 1, 2025. Members and custodians must use early pay-in mechanisms through depositories for demat share delivery.

Key Points

  • Takeover bidding window opens November 3, 2025 and closes November 17, 2025
  • Settlement number: 2025116
  • Demat shares must be delivered exclusively through Early Pay-in of Shares mechanism available in both depositories
  • Market Type “(Takeover)” and settlement number 2025116 must be specified in depository systems
  • CDSL & NSDL early pay-in securities will be earmarked/blocked in client accounts automatically
  • Members do NOT need to upload EPN files
  • Client-wise stamp duty charges available in MBRSTD_OTB_CM_mmm_SettNo file

Regulatory Changes

No new regulatory changes introduced. This circular implements existing revised guidelines for acquisition of shares through stock exchange mechanism 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 for accepting/confirming bids
  • Members/Custodians: Must complete early pay-in process in depository system sufficiently in advance before BSE OTB bidding window closure
  • Members/Custodians: Must use Market Type “(Takeover)” and Settlement No. 2025116 in depository systems
  • Members: Should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
  • Participants: Must ensure timely completion to meet prescribed timelines for bid placement and confirmation

Important Dates

  • October 31, 2025: Circular issued
  • 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

Market Impact: Low - This is a company-specific takeover process affecting only Grand Foundry Limited shareholders and participating members.

Operational Impact: Medium for participating members/custodians who must ensure proper early pay-in processes and timely completion of depository submissions. The automatic earmarking in CDSL/NSDL and elimination of EPN file upload simplifies the process.

Investor Impact: Medium for Grand Foundry Limited shareholders participating in the takeover offer, who need to work with their brokers/custodians to ensure timely demat share delivery through early pay-in mechanism.

Contact: ICCL Help Desk - 022-69158590/45720490/45720690, iccl.helpdesk@icclindia.com

Impact Justification

Company-specific takeover settlement process with specific timelines for Grand Foundry Limited only, affecting limited stakeholders participating in the acquisition