Description

Revised settlement calendar for Offer to Buy through Acquisition Window (Takeover) for AKZO NOBEL INDIA LIMITED conducted from October 23 to November 6, 2025, with updated obligation download and settlement dates.

Summary

BSE has issued a revised settlement schedule for the Offer to Buy through Acquisition Window (Takeover) for AKZO NOBEL INDIA LIMITED. The bidding period ran from October 23, 2025 to November 6, 2025 (Settlement No. 2025102). The revised obligation download date is November 11, 2025, and the revised settlement date is November 12, 2025. This circular supersedes the earlier Notice No. 20251020-49.

Key Points

  • Settlement Type: Takeover, Settlement No. 2025102
  • Bid Period: October 23, 2025 to November 6, 2025
  • Revised Obligation Download Date: November 11, 2025
  • Revised Settlement Date: November 12, 2025
  • Demat shares must be delivered only through Early Pay-in of Shares mechanism available in both depositories
  • Market Type “Takeover” and Settlement No. 2025102 to be used in 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 ongoing takeover process under the existing framework for acquisition of shares through Stock Exchange as per Notice No. 20200528-32 dated May 28, 2020.

Compliance Requirements

  • Members and Custodians must deliver demat shares exclusively through the Early Pay-in of Shares mechanism
  • Members and Custodians must specify Market Type “Takeover” and Settlement No. 2025102 in the depository system along with other required details
  • Members must refer to MBRSTD_OTB_CM_mmm_SettNo file for accurate client-wise Stamp Duty charges
  • Members and Custodians should refer to Notice No. 20200528-32 dated May 28, 2020 for settlement procedures under revised guidelines for share acquisition mechanism through Stock Exchange

Important Dates

  • Bid Start Date: October 23, 2025
  • Bid End Date: November 6, 2025
  • Revised Obligation Download Date: November 11, 2025
  • Revised Settlement Date: November 12, 2025
  • Circular Issue Date: November 10, 2025

Impact Assessment

This revision affects members and custodians participating in the AKZO NOBEL INDIA LIMITED takeover through the acquisition window. The one-day shift in settlement dates requires operational adjustments for obligation processing and fund/share settlement. The impact is limited to parties involved in this specific takeover transaction. Members must ensure compliance with Early Pay-in requirements and correct settlement parameters to avoid settlement failures. For clarifications, parties can contact ICCL Help Desk at 022-69158590/45720490/45720690 or email iccl.helpdesk@icclindia.com.

Impact Justification

Procedural update affecting settlement timeline for specific takeover transaction of AKZO NOBEL INDIA LIMITED, impacting members and custodians involved in the acquisition window process