Description

Schedule of activities for the acquisition window (takeover) of BJ DUPLEX BOARDS LTD shares, running from November 4 to November 18, 2025, with offer price of Rs. 1.00 per share for up to 49,47,410 equity shares.

Summary

BSE has announced the schedule of activities for the Offer to Buy – Acquisition Window (Takeover) for shares of BJ DUPLEX BOARDS LTD (BJDUP). The offer will be conducted from Tuesday, November 4, 2025 to Tuesday, November 18, 2025. The acquirer is offering to purchase up to 49,47,410 equity shares at Rs. 1.00 per share (face value Rs. 1.00). Trading Members and Custodian Members can participate through the iBBS and RTRMS platforms during specified session timings.

Key Points

  • Security Details: BJ DUPLEX BOARDS LTD (Symbol: BJDUP, ISIN: INE265C01025, Scrip Code: 531647)
  • Offer Size: Up to 49,47,410 equity shares
  • Offer Price: Rs. 1.00 per share (Face Value: Rs. 1.00)
  • Market Lot: 1 share
  • Duration: November 4, 2025 to November 18, 2025 (15 days)
  • Bidding Categories: FII, FI, MF, IC, Other QIBs, Other NIB, Company, Individual
  • Platform Access: iBBS (Internet/Leased Line), RTRMS (Internet/Leased Line), Extranet for files
  • Eligible Participants: Trading Members can bid for investors having shares in demat form
  • UCC Requirement: Trading Members must ensure UCC is registered with correct PAN Number and Category

Regulatory Changes

No regulatory changes introduced. This circular provides operational instructions for a specific takeover offer following existing OTB framework established through Exchange Notices no. 20150930-1 (September 30, 2015) and 20170203-29 (February 3, 2017).

Compliance Requirements

  • Trading Members: Must ensure investor UCC is registered/updated with correct PAN Number and Category in Exchange UCC database
  • Trading Members & Custodians: Can only bid for investors having shares in demat form
  • Platform Requirements: Members must have valid login credentials for iBBS, RTRMS, and Extranet systems
  • Reference Compliance: Members must refer to Exchange Circular No. 20170503-12 for Leased Line URL access settings
  • File Processing: Note that if no securities are accepted, no End of Issue files will be generated in Extranet

Important Dates

  • Opening Date: Tuesday, November 4, 2025
  • Closing Date: Tuesday, November 18, 2025
  • Bid Offering Period: November 4-18, 2025 (9:15 AM to 3:30 PM)
  • Give-up/Take-up Period: November 4-17, 2025 (9:15 AM to 3:30 PM)
  • Give-up (Last Day): November 18, 2025 (9:15 AM to 3:30 PM)
  • Take-up (Last Day): November 18, 2025 (9:15 AM to 4:00 PM - extended by 30 minutes)
  • File Availability on Extranet: After issue closure, upon confirmation of acceptance from Merchant Banker/RTA

Impact Assessment

Market Impact: Low - This is a company-specific takeover offer affecting only shareholders of BJ DUPLEX BOARDS LTD. The offer represents a relatively small transaction with limited market-wide implications.

Operational Impact: Medium for participating members - Trading Members and Custodians facilitating client participation must ensure proper UCC registration, platform access, and adherence to bidding timelines. The 15-day offer window provides adequate time for processing.

Investor Impact: Medium for BJDUP shareholders - The offer price of Rs. 1.00 per share (at par value) provides an exit opportunity for up to 49,47,410 shares. Investors holding shares in demat form can participate through their brokers.

Contact Support: Comprehensive contact details provided for technical support (Trading Operations: 022-22728005, user.trdops@bseindia.com) and operational queries with specific personnel contacts for iBBS-OTB module and listing operations.

Impact Justification

Company-specific takeover offer with limited market-wide impact, relevant primarily to shareholders of BJ DUPLEX BOARDS LTD and participating trading members