Description

BSE revises the settlement schedule for the takeover offer of Hari Govind International Limited, updating obligation download and settlement dates to November 10-11, 2025.

Summary

BSE has issued a revised settlement schedule for the Offer to Buy – Acquisition Window (Takeover) for Hari Govind International Limited. The takeover bid period ran from October 16, 2025 to October 31, 2025 (Settlement No. 2025100), with updated obligation download and settlement dates now scheduled for November 10-11, 2025 respectively. This revision supersedes the previous schedule mentioned in Notice No. 20251013-7.

Key Points

  • Settlement Type: Takeover (Settlement No. 2025100)
  • Bid Period: October 16, 2025 to October 31, 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. 2025100 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 provides a revised timeline for an existing takeover settlement process in accordance with established guidelines for acquisition of shares through Stock Exchange.

Compliance Requirements

  • Members and Custodians must use the Early Pay-in of Shares mechanism for delivery of demat shares
  • Members/Custodians must specify Market Type “(Takeover)” and Settlement No. 2025100 in the depository system
  • Members should refer to Notice No. 20200528-32 dated May 28, 2020 regarding settlement as per Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange
  • Members must check MBRSTD_OTB_CM_mmm_SettNo file for applicable client-wise Stamp Duty charges

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
  • Original Notice Reference: Notice No. 20251013-7
  • Circular Issue Date: November 7, 2025

Impact Assessment

This revised schedule has a moderate impact limited to participants in the Hari Govind International Limited takeover offer. The revision provides members and custodians with updated timelines for completing their obligations and settlement activities. Stakeholders involved in this specific takeover need to adjust their operational schedules accordingly to meet the new November 10-11 deadlines. The two-day extension from the original schedule provides additional time for processing while maintaining the integrity of the settlement process. For queries, participants can contact ICCL Help Desk at 022-69158590/45720490/45720690 or email iccl.helpdesk@icclindia.com.

Impact Justification

Revised settlement schedule for a specific takeover offer affects only participants in this particular acquisition window. Time-sensitive information for those involved in the Hari Govind International Limited takeover process.