Description

BSE announces revised settlement dates for the takeover offer of Cupid Breweries and Distilleries Limited, extending the obligation download and settlement dates to November 14 and 17, 2025 respectively.

Summary

BSE has issued a revised settlement schedule for the Offer to Buy – Acquisition Window (Takeover) for CUPID BREWERIES AND DISTILLERIES LIMITED. The bidding period ran from October 27, 2025 to November 10, 2025 (Settlement No. 2025109). The obligation download date has been revised to November 14, 2025, and the settlement date to November 17, 2025.

Key Points

  • Settlement Type: Takeover (Settlement No. 2025109)
  • Bid Period: October 27, 2025 to November 10, 2025
  • Revised Obligation Download Date: November 14, 2025
  • Revised Settlement Date: November 17, 2025
  • Demat shares must be delivered through Early Pay-in of Shares mechanism only
  • Market Type “Takeover” and Settlement No. 2025109 must be used in depository system
  • This notice revises the earlier Notice No. 20251024-8

Regulatory Changes

No new regulatory changes. This circular implements the existing framework for acquisition of shares through stock exchange as per SEBI guidelines, previously communicated in Notice No. 20200528-32 dated May 28, 2020.

Compliance Requirements

  • Members/Custodians: Must deliver demat shares only through Early Pay-in of Shares mechanism available in both depositories
  • Members/Custodians: Must specify Market Type “Takeover” and Settlement No. 2025109 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 for settlement guidelines

Important Dates

  • Bid Start Date: October 27, 2025
  • Bid End Date: November 10, 2025
  • Revised Obligation Download Date: November 14, 2025
  • Revised Settlement Date: November 17, 2025
  • Notice Date: November 12, 2025

Impact Assessment

Market Impact: Limited to shareholders of Cupid Breweries and Distilleries Limited who are participating in the takeover offer. The revised settlement schedule provides additional time for obligation fulfillment and settlement processing.

Operational Impact: Trading members and custodians handling this takeover transaction need to adjust their settlement timelines and ensure compliance with the early pay-in mechanism for demat share delivery. The extension provides operational flexibility for completing the acquisition process.

Contact Information: For clarifications, members and custodians can contact ICCL Help Desk at 022-69158590/45720490/45720690 or email iccl.helpdesk@icclindia.com.

Impact Justification

Revised settlement schedule affects shareholders participating in the takeover offer for Cupid Breweries. Impact limited to specific corporate action participants.