Description
Revised settlement calendar for the takeover offer to buy acquisition window for Hypersoft Technologies Limited conducted from 20/10/2025 to 04/11/2025, with updated obligation download and settlement dates.
Summary
BSE has issued a revised settlement schedule for the Offer to Buy – Acquisition Window (Takeover) for Hypersoft Technologies Limited (Settlement No. 2025103). The bidding window ran from October 20, 2025 to November 4, 2025, with the revised obligation download date set for November 10, 2025 and settlement date of November 11, 2025. This replaces the previous schedule referenced in Notice No. 20251016-13.
Key Points
- Settlement Type: Takeover (Settlement No. 2025103)
- Bid Period: October 20, 2025 to November 4, 2025
- Revised Obligation Download Date: November 10, 2025
- Revised Settlement Date: November 11, 2025
- Demat shares must be delivered only through Early Pay-in of Shares mechanism available in both depositories
- Market Type “Takeover” and Settlement No. 2025103 must be used by Members/Custodians in the depository system
- Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
Regulatory Changes
No new regulatory changes introduced. This circular revises the settlement timeline for an existing takeover acquisition window, following the revised guidelines for mechanism of acquisition of shares through Stock Exchange as outlined in Notice No. 20200528-32 dated May 28, 2020.
Compliance Requirements
- Trading Members/Custodians: Must use Early Pay-in of Shares mechanism for demat share delivery
- Trading Members/Custodians: Must specify Market Type “Takeover” and Settlement No. 2025103 in depository system entries
- Trading Members: Must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges calculation
- Trading Members/Custodians: Should refer to Notice No. 20200528-32 for settlement procedures under revised acquisition guidelines
Important Dates
| Event | Date |
|---|---|
| Bid Start Date | October 20, 2025 |
| Bid End Date | November 4, 2025 |
| Revised Obligation Download | November 10, 2025 |
| Revised Settlement Date | November 11, 2025 |
| Circular Issue Date | November 6, 2025 |
Impact Assessment
Market Impact: Medium - This revision affects trading members and custodians handling the Hypersoft Technologies takeover acquisition. The updated settlement timeline provides clarity on obligation fulfillment and final settlement dates.
Operational Impact: Trading members and custodians involved in this specific takeover must adjust their settlement processes to align with the revised dates. The requirement to use Early Pay-in mechanism and specific settlement identifiers requires operational coordination with depository systems.
Entities Affected: Trading members, custodians, and investors participating in the Hypersoft Technologies Limited takeover offer.
Contact for Clarifications: ICCL Help Desk - 022-69158590/45720490/45720690, iccl.helpdesk@icclindia.com
Impact Justification
Revised settlement schedule for a specific takeover acquisition affects trading members and custodians involved in the Hypersoft Technologies takeover offer, with updated timelines for obligation download and settlement.