Description
BSE announces settlement calendar for the takeover offer to buy acquisition window for B J Duplex Boards Limited, scheduled from November 4-18, 2025 with settlement on November 24, 2025.
Summary
BSE has issued the settlement calendar for the Offer to Buy under the Acquisition Window (Takeover) mechanism for B J DUPLEX BOARDS LIMITED. The bidding window will be open from November 4, 2025 to November 18, 2025, with obligation download on November 21, 2025 and final settlement on November 24, 2025. The settlement number assigned is 2025117.
Key Points
- Settlement Type: Takeover (Settlement No. 2025117)
- Bid Start Date: November 4, 2025
- Bid End Date: November 18, 2025
- Obligation Download: November 21, 2025
- Settlement Date: November 24, 2025
- Demat shares must be delivered only through Early Pay-in of Shares mechanism
- Market Type “Takeover” must be specified in depository system
- Members should refer to Notice No.20200528-32 dated May 28, 2020 for revised guidelines
- CDSL & NSDL early pay-in securities will be earmarked/blocked in client accounts
- No EPN file upload required by Members & Custodians
- 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 as per Notice No.20200528-32 dated May 28, 2020.
Compliance Requirements
- Members/Custodians: Must deliver demat shares only through Early Pay-in mechanism available in both depositories
- Members/Custodians: Must use Market Type “Takeover” and Settlement No. 2025117 in depository system
- Participants: Must ensure early pay-in securities are reflected in BSE/ICCL systems before prescribed timelines for accepting/confirming bids
- Members/Custodians: Must complete early pay-in process sufficiently in advance before closure of BSE OTB Bidding window
- Members: Should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
- Securities will be automatically earmarked/blocked in client accounts in requisite market type and settlement number
Important Dates
| Event | Date |
|---|---|
| Bid Start Date | November 4, 2025 |
| Bid End Date | November 18, 2025 |
| Obligation Download | November 21, 2025 |
| Settlement Date | November 24, 2025 |
Impact Assessment
Market Impact: Low - This is a company-specific takeover process affecting only B J Duplex Boards Limited shareholders.
Operational Impact: Medium for participating members and custodians who need to:
- Ensure proper use of early pay-in mechanism
- Complete early pay-in sufficiently in advance of bidding window closure
- Use correct market type and settlement number in depository systems
- Monitor client-wise stamp duty charges
Stakeholder Impact:
- Shareholders of B J Duplex Boards Limited can participate in the takeover offer during the 15-day bidding window
- Members and custodians handling such transactions need to follow specific settlement procedures
- ICCL Help Desk available for clarifications (022-69158590/45720490/45720690 or iccl.helpdesk@icclindia.com)
Impact Justification
Company-specific takeover settlement process with limited market-wide impact; relevant only to shareholders of B J Duplex Boards Limited and participating members/custodians