Description

BSE announces revised settlement schedule for the takeover offer to buy shares of HARI GOVIND INTERNATIONAL LIMITED, with revised obligation download date of November 10, 2025 and settlement date of November 11, 2025.

Summary

BSE has issued a revised settlement schedule for the Offer to Buy under Acquisition Window (Takeover) for HARI GOVIND INTERNATIONAL LIMITED. The bidding period ran from October 16, 2025 to October 31, 2025 (Settlement No. 2025100). The revised obligation download date is November 10, 2025, and the revised settlement date is November 11, 2025. This supersedes the earlier schedule mentioned in Notice No. 20251013-7.

Key Points

  • Settlement Number: 2025100
  • Settlement Type: Takeover (Acquisition Window)
  • Bid Period: October 16, 2025 to October 31, 2025
  • Company: HARI GOVIND INTERNATIONAL LIMITED
  • Demat shares must be delivered only through Early Pay-in of Shares mechanism
  • Available through both depositories (NSDL and CDSL)
  • Members must specify Market Type “Takeover” and Settlement No. 2025100 in depository system
  • Client-wise stamp duty charges available in MBRSTD_OTB_CM_mmm_SettNo file

Regulatory Changes

No new regulatory changes introduced. This circular provides revised dates for an ongoing takeover settlement process, following the mechanism for acquisition of shares through Stock Exchange as per revised guidelines (refer Notice No. 20200528-32 dated May 28, 2020).

Compliance Requirements

For Trading Members and Custodians:

  • Deliver demat shares only through Early Pay-in of Shares mechanism
  • Use Market Type “Takeover” in depository system entries
  • Specify Settlement No. 2025100 in all related transactions
  • Refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
  • Follow the revised guidelines for acquisition of shares through Stock Exchange (Notice No. 20200528-32)

Contact for Clarifications:

Important Dates

  • Bid Start Date: October 16, 2025
  • Bid End Date: October 31, 2025
  • Revised Obligation Download Date: November 10, 2025
  • Revised Settlement Date: November 11, 2025
  • Notice Date: November 7, 2025

Impact Assessment

Market Impact: Limited to shareholders and trading members involved in the takeover of HARI GOVIND INTERNATIONAL LIMITED. The revision of settlement dates provides updated timelines for obligation fulfillment.

Operational Impact: Trading members and custodians handling transactions for this takeover must ensure compliance with the revised settlement calendar. The two-day extension (from originally scheduled dates) provides additional time for obligation processing and settlement preparation.

Stakeholder Impact: Shareholders who have tendered shares in the takeover offer and acquiring parties need to adjust their timelines accordingly. The Early Pay-in mechanism requirement ensures timely delivery of shares for settlement.

Impact Justification

Revised settlement schedule for a specific takeover offer affecting shareholders and trading members dealing with HARI GOVIND INTERNATIONAL LIMITED shares. Important for participants in this acquisition but limited to single company.