Description
Settlement calendar for the takeover acquisition window of Grand Foundry Limited through stock exchange mechanism, scheduled from November 3-17, 2025.
Summary
BSE has announced the settlement schedule for the Offer to Buy – Acquisition Window (Takeover) for GRAND FOUNDRY LIMITED. The acquisition window will operate 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. The process follows the revised guidelines for acquisition of shares through stock exchange mechanism.
Key Points
- Settlement Type: Takeover (Settlement No. 2025116)
- Bid Start Date: November 3, 2025
- Bid End Date: November 17, 2025
- Demat shares must be delivered exclusively through Early Pay-in of Shares mechanism available in both depositories
- Market Type “(Takeover)” and settlement No. 2025116 must be used in depository systems
- Securities will be earmarked/blocked in clients’ accounts with requisite market type and settlement number
- Members NOT required to upload EPN file
- Stamp duty charges available in MBRSTD_OTB_CM_mmm_SettNo file for client-wise reference
Regulatory Changes
This circular implements the existing Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange as per Notice No. 20200528-32 dated May 28, 2020. No new regulatory changes are introduced.
Compliance Requirements
- Members/Custodians: Must deliver demat shares only through Early Pay-in of Shares mechanism
- Members/Custodians: Must ensure early pay-in effect is reflected in BSE/ICCL systems before prescribed timelines for bid acceptance/confirmation
- 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: Must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
- Participants: CDSL & NSDL early pay-in securities will be automatically earmarked/blocked in clients’ accounts
Important Dates
| Event | Date |
|---|---|
| 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: Medium - This is a company-specific takeover acquisition window affecting only Grand Foundry Limited shareholders and trading members dealing with this security.
Operational Impact: Medium - Members and custodians must ensure compliance with early pay-in procedures and timeline requirements. The automatic earmarking/blocking in client accounts through CDSL and NSDL simplifies the process by eliminating the need for EPN file uploads.
Stakeholder Impact: Shareholders of Grand Foundry Limited who wish to participate in the acquisition window must coordinate with their brokers to ensure timely demat share delivery through the early pay-in mechanism. Trading members handling client bids must carefully monitor timelines and refer to settlement-specific stamp duty charges.
Impact Justification
Company-specific takeover acquisition window with defined settlement procedures affecting shareholders and trading members of Grand Foundry Limited