Description

Settlement calendar for the acquisition window (takeover) of Johnson Controls-Hitachi Air Conditioning India Limited from November 13, 2025 to November 26, 2025, with settlement date on December 10, 2025.

Summary

BSE announces 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 obligation download on December 9, 2025 and final settlement on December 10, 2025. The settlement number 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 through Early Pay-in of Shares mechanism available in both depositories
  • Market Type designation: “(Takeover)” with settlement no. 2025119 to be used in depository system
  • CDSL & NSDL early pay-in securities will be earmarked/blocked in client accounts
  • No EPN file upload required by Members & Custodians

Regulatory Changes

No new regulatory changes. The circular follows 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 deliver demat shares only through Early Pay-in of Shares mechanism
  • Members/Custodians: Must use Market Type “(Takeover)” and settlement no. 2025119 in the depository system
  • Participants: Must ensure early pay-in of securities is reflected in BSE/ICCL systems before prescribed timelines for accepting/confirming bids
  • Participants: Must complete early pay-in process sufficiently in advance before closure of BSE OTB Bidding window
  • 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

  • November 13, 2025: Bid Start Date
  • November 26, 2025: Bid End Date
  • December 9, 2025: Obligation Download
  • December 10, 2025: Final Settlement Date

Impact Assessment

Market Impact: Medium - This takeover offer affects shareholders of Johnson Controls-Hitachi Air Conditioning India Limited who wish to participate in the acquisition window. The settlement process follows established procedures with clear timelines.

Operational Impact: Medium - Members and custodians must follow specific procedures for early pay-in of shares and ensure timely completion before bidding window closure. The automatic earmarking/blocking in client accounts simplifies the process as no EPN file upload is required.

Contact Information: For clarifications, Members & Custodians may contact ICCL Help Desk at 022-69158590/45720490/45720690 or email iccl.helpdesk@icclindia.com

Impact Justification

Announces settlement schedule for acquisition window takeover with specific procedures for share delivery and bid confirmation, relevant primarily to shareholders and members participating in the takeover process.