Description
Settlement calendar for the takeover offer to buy acquisition window for Johnson Controls-Hitachi Air Conditioning India Limited, scheduled from November 13-26, 2025.
Summary
BSE has issued the settlement calendar for the Offer to Buy – Acquisition Window (Takeover) for Johnson Controls-Hitachi Air Conditioning India Limited. The bidding window will be open from November 13, 2025 to November 26, 2025, with settlement scheduled for December 10, 2025. The settlement number assigned is 2025119.
Key Points
- Settlement Type: Takeover
- Settlement Number: 2025119
- Bid Start Date: November 13, 2025
- Bid End Date: November 26, 2025
- Obligation Download: December 9, 2025
- Settlement Date: December 10, 2025
- Demat shares must be delivered only through Early Pay-in of Shares mechanism available in both depositories
- Market Type designation: “Takeover” with settlement number 2025119
- CDSL & NSDL early pay-in securities will be earmarked/blocked in client accounts
- Members/Custodians are NOT required to upload any EPN file
Regulatory Changes
No regulatory changes introduced. This circular implements the Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange as per Notice No.20200528-32 dated May 28, 2020.
Compliance Requirements
- Members/Custodians must use Early Pay-in of Shares mechanism through depositories
- Participants must ensure early pay-in effects are reflected in BSE/ICCL systems before prescribed timelines for bid acceptance/confirmation
- Early pay-in process must be completed sufficiently in advance before BSE OTB bidding window closure
- Members must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
- Proper market type and settlement number must be specified in depository system transactions
Important Dates
- November 12, 2025: Circular issue date
- November 13, 2025: Bid start date
- November 26, 2025: Bid end date
- December 9, 2025: Obligation download date
- December 10, 2025: Settlement date
Impact Assessment
This circular affects shareholders of Johnson Controls-Hitachi Air Conditioning India Limited who wish to participate in the takeover offer. The two-week bidding window provides adequate time for shareholders to tender their shares. Members and custodians must ensure timely early pay-in of securities to meet the prescribed deadlines. The structured settlement process through BSE OTB platform ensures orderly execution of the takeover offer with clear timelines for all participants.
Impact Justification
Procedural notice for takeover settlement affecting shareholders of Johnson Controls-Hitachi Air Conditioning India Limited with specific timelines for bid submission and settlement.