Description

Revised settlement calendar for the takeover offer of 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 – Acquisition Window (Takeover) of AKZO NOBEL INDIA LIMITED. The takeover window operated from October 23, 2025 to November 6, 2025 (Settlement No. 2025102). The revised obligation download date is November 11, 2025, with the revised settlement date of November 12, 2025. This supersedes the earlier schedule announced in 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 number 2025102 must be used by Members/Custodians in the depository system
  • Client-wise stamp duty charges available in MBRSTD_OTB_CM_mmm_SettNo file

Regulatory Changes

No new regulatory changes introduced. This circular revises the settlement timeline for an ongoing takeover offer while maintaining existing procedures for acquisition of shares through stock exchange as per revised guidelines (ref: Notice No. 20200528-32 dated May 28, 2020).

Compliance Requirements

  • Members/Custodians: Must deliver demat shares exclusively through Early Pay-in of Shares mechanism
  • Members/Custodians: Must specify Market Type “(Takeover)” and Settlement No. 2025102 in depository system entries
  • Members: Must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
  • Members/Custodians: Should refer to Notice No. 20200528-32 (May 28, 2020) for settlement guidelines under revised mechanism for acquisition of shares

Important Dates

  • Bid Period: October 23, 2025 to November 6, 2025
  • Revised Obligation Download: November 11, 2025
  • Revised Settlement Date: November 12, 2025
  • Notice Date: November 10, 2025

Impact Assessment

Market Impact: Low to medium - affects only participants in the Akzo Nobel India Limited takeover offer. The one-day delay in settlement schedule provides additional time for obligation processing.

Operational Impact: Medium for participating members and custodians who need to adjust their settlement workflows and ensure compliance with the revised dates. The mandatory use of Early Pay-in mechanism requires proper coordination with depository systems.

Investor Impact: Medium for shareholders who tendered shares in the takeover offer, as they will receive settlement proceeds one day later than originally scheduled.

Contact for Clarifications: ICCL Help Desk (022-69158590/45720490/45720690, iccl.helpdesk@icclindia.com)

Impact Justification

Revised settlement dates for a specific takeover transaction affecting members and custodians holding Akzo Nobel shares. Limited to participants in this acquisition window.