Description

BSE revises settlement schedule for takeover offer of HARI GOVIND INTERNATIONAL LIMITED with new obligation download and settlement dates.

Summary

BSE has issued a revised settlement schedule for the Offer to Buy – Acquisition Window (Takeover) of HARI GOVIND INTERNATIONAL LIMITED. The takeover offer was conducted from October 16, 2025 to October 31, 2025. The revised obligation download date is November 10, 2025, and the revised settlement date is November 11, 2025.

Key Points

  • Settlement Type: Takeover
  • Settlement Number: 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 through Early Pay-in of Shares mechanism available in both depositories
  • Market Type “(Takeover)” and settlement No. 2025100 to be used by Members/Custodians in depository system

Regulatory Changes

This circular revises the previous settlement schedule announced in Notice No. 20251013-7. The changes are administrative in nature, updating the obligation download and settlement dates for the takeover offer.

Compliance Requirements

  • Members/Custodians must deliver demat shares only through the Early Pay-in of Shares mechanism
  • Members/Custodians must use Market Type “(Takeover)” and settlement No. 2025100 in the depository system
  • Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
  • Members/Custodians 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

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

Impact Assessment

This revision impacts members and custodians participating in the takeover offer for HARI GOVIND INTERNATIONAL LIMITED. The updated settlement dates provide clarity on when obligations will be downloaded and when final settlement will occur. Members need to ensure compliance with the Early Pay-in mechanism and proper use of settlement identifiers in the depository system. For clarifications, members can contact ICCL Help Desk at 022-69158590/45720490/45720690 or email iccl.helpdesk@icclindia.com.

Impact Justification

Revised settlement schedule affects members and custodians participating in the takeover offer with updated obligation and settlement dates