Description

Settlement calendar for the acquisition window (takeover) of B J DUPLEX BOARDS LIMITED to be conducted from 04/11/2025 to 18/11/2025, including early pay-in procedures and key deadlines.

Summary

BSE has announced the settlement calendar for the Offer to Buy – Acquisition Window (Takeover) for B J DUPLEX BOARDS LIMITED. The bidding window will remain open from November 4, 2025 to November 18, 2025, with Settlement No. 2025117. Obligation download is scheduled for November 21, 2025 and settlement date is November 24, 2025.

Key Points

  • Settlement Type: Takeover
  • Settlement Number: 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 available in both depositories
  • Market Type “Takeover” and Settlement No. 2025117 to be used by Members/Custodians in the depository system
  • CDSL & NSDL early pay-in securities will be earmarked/blocked in clients account
  • Members NOT required to upload any EPN file

Regulatory Changes

No new regulatory changes introduced. This circular implements the existing Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange as referenced in Notice No. 20200528-32 dated May 28, 2020.

Compliance Requirements

  • Members/Custodians: Must use Market Type “Takeover” and Settlement No. 2025117 in the depository system
  • Participants: Must ensure that the effect of their early pay-in of securities is reflected in BSE/ICCL systems before prescribed timelines for accepting/confirmation of Bids by the BSE OTB platform
  • Early Pay-in Process: Must be completed sufficiently in advance before prescribed timelines for closure of BSE OTB Bidding window for placing bids by members and confirmation window for confirming Bids by Custodians
  • Members: Should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
  • Reference: Members/Custodians should refer to Notice No. 20200528-32 dated May 28, 2020 regarding settlement procedures

Important Dates

  • November 4, 2025: Bid Start Date
  • November 18, 2025: Bid End Date
  • November 21, 2025: Obligation Download
  • November 24, 2025: Settlement Date

Impact Assessment

Operational Impact: This takeover offer provides a structured mechanism for acquisition of shares of B J DUPLEX BOARDS LIMITED through the stock exchange platform. The 15-day bidding window (November 4-18, 2025) provides adequate time for shareholders to participate.

Process Impact: The early pay-in mechanism through depositories (CDSL & NSDL) with automatic earmarking/blocking ensures smooth settlement without requiring manual EPN file uploads, streamlining the process for Members and Custodians.

Stakeholder Impact: Primarily affects shareholders of B J DUPLEX BOARDS LIMITED who may wish to tender their shares, and Members/Custodians facilitating the acquisition process. Clear timelines and settlement procedures help ensure orderly execution of the takeover offer.

Contact Information: For clarifications, Members & Custodians may contact ICCL Help Desk at 022-69158590/45720490/45720690 or email iccl.helpdesk@icclindia.com

Impact Justification

Specific settlement schedule for a takeover offer affecting a single company. Important for shareholders and members participating in the acquisition but limited broader market impact.