Description

Revised settlement calendar for the Offer to Buy - Acquisition Window (Takeover) for Cupid Breweries and Distilleries Limited conducted from October 27, 2025 to November 10, 2025.

Summary

BSE has issued a revised settlement calendar for the Offer to Buy - Acquisition Window (Takeover) for CUPID BREWERIES AND DISTILLERIES LIMITED (Settlement No. 2025109). The bidding period ran from October 27, 2025 to November 10, 2025, with revised obligation download date of November 14, 2025 and revised settlement date of November 17, 2025. This notice supersedes the earlier Notice No. 20251024-8.

Key Points

  • Settlement Type: Takeover (Settlement No. 2025109)
  • 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
  • Demat shares must be delivered only through Early Pay-in of Shares mechanism
  • Early Pay-in mechanism is available in both depositories
  • Market Type “Takeover” and Settlement No. 2025109 to be used in depository system
  • Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges

Regulatory Changes

This circular revises the settlement schedule previously communicated in Notice No. 20251024-8. Members and custodians must follow the revised guidelines for the 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 available in both depositories
  • Members and custodians must use Market Type “Takeover” and Settlement No. 2025109 in the depository system along with other required details
  • Members must reference the MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
  • Members and custodians should refer to the revised guidelines in Notice No. 20200528-32 dated May 28, 2020 for the mechanism of acquisition of shares through Stock Exchange

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

Impact Assessment

This revision affects members and custodians participating in the takeover offer for Cupid Breweries and Distilleries Limited. The two-day extension of the settlement date from the original schedule provides additional time for obligation fulfillment. Market participants must ensure compliance with the Early Pay-in mechanism and proper use of settlement identifiers in the depository system. The impact is primarily operational, affecting settlement processes for this specific takeover transaction.

Contact Information

For clarifications, members and custodians may contact:

  • ICCL Help Desk: 022-69158590 / 45720490 / 45720690
  • Email: iccl.helpdesk@icclindia.com
  • Officials: Atharva Naik (Senior Officer), Tajindersingh Virdi (Senior Manager)
  • Issued by: Indian Clearing Corporation Ltd.

Impact Justification

Revised settlement schedule for a takeover offer affecting specific stock with updated obligation download and settlement dates. Impacts members and custodians handling the acquisition process.