Description

BSE announces settlement calendar for the Offer to Buy acquisition window (takeover) for B J Duplex Boards Limited, to be conducted from November 4-18, 2025.

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 be open from November 4, 2025 to November 18, 2025, with settlement number 2025117. The obligation download date is November 21, 2025 and the final settlement date is November 24, 2025.

Key Points

  • Bidding period: November 4-18, 2025
  • Settlement number: 2025117
  • Settlement type: Takeover
  • Demat shares must be delivered through Early Pay-in of Shares mechanism available in both depositories
  • Market type “Takeover” must be specified in depository system submissions
  • Members should refer to Notice No.20200528-32 dated May 28, 2020 for revised acquisition guidelines
  • CDSL and NSDL early pay-in securities will be earmarked/blocked in client accounts
  • No EPN file upload required from Members and Custodians
  • Contact: ICCL Help Desk at 022-69158590/45720490/45720690 or iccl.helpdesk@icclindia.com

Regulatory Changes

No new regulatory changes. This circular implements existing takeover acquisition framework as per revised guidelines issued in May 2020.

Compliance Requirements

  • Members/Custodians must deliver demat shares only through Early Pay-in of Shares mechanism
  • Must specify Market Type “Takeover” and Settlement No. 2025117 in depository system
  • Must complete early pay-in process sufficiently in advance before BSE OTB bidding window closure
  • Members must ensure early pay-in effect is reflected in BSE/ICCL systems before prescribed timelines for bid acceptance/confirmation
  • Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges

Important Dates

  • November 4, 2025: Bid start date
  • November 18, 2025: Bid end date
  • November 21, 2025: Obligation download date
  • November 24, 2025: Settlement date

Impact Assessment

This circular has limited market-wide impact as it pertains specifically to the takeover process for B J Duplex Boards Limited. Impact is primarily on:

  • Shareholders of B J Duplex Boards Limited who wish to tender their shares
  • Trading members and custodians facilitating the acquisition process
  • Compliance teams ensuring proper early pay-in procedures

The 15-day bidding window provides adequate time for shareholders to participate. Standard takeover settlement procedures apply with clear timelines for obligation fulfillment.

Impact Justification

Company-specific takeover settlement schedule with limited market-wide impact, primarily affecting shareholders of B J Duplex Boards Limited and members facilitating the acquisition.