Description
BSE announces revised settlement dates for the offer to buy acquisition window (takeover) of Cupid Breweries and Distilleries Limited, with revised obligation download on 14/11/2025 and settlement on 17/11/2025.
Summary
BSE has issued a revised settlement schedule for the Offer to Buy – Acquisition Window (Takeover) for CUPID BREWERIES AND DISTILLERIES LIMITED. The offer was conducted from 27/10/2025 to 10/11/2025 under settlement number 2025109. The revised obligation download date is 14/11/2025 and the revised settlement date is 17/11/2025. This supersedes the earlier notice No. 20251024-8.
Key Points
- Settlement Type: Takeover (Settlement No. 2025109)
- Bid Period: 27/10/2025 to 10/11/2025
- Revised Obligation Download Date: 14/11/2025
- Revised Settlement Date: 17/11/2025
- Demat shares must be delivered only through Early Pay-in of Shares mechanism
- 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
No new regulatory changes introduced. This circular provides revised settlement dates for an ongoing takeover process following the 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 available in both depositories for delivering demat shares
- Members/Custodians must specify Market Type “(Takeover)” and settlement No. 2025109 in the depository system
- Members must refer to MBRSTD_OTB_CM_mmm_SettNo file for applicable client-wise Stamp Duty charges
- Members/Custodians should contact their relationship managers or ICCL Help Desk (022-69158590/45720490/45720690 or iccl.helpdesk@icclindia.com) for clarifications
Important Dates
| Date | Event |
|---|---|
| 27/10/2025 | Bid Start Date |
| 10/11/2025 | Bid End Date |
| 14/11/2025 | Revised Obligation Download |
| 17/11/2025 | Revised Settlement Date |
| 12/11/2025 | Notice Date |
Impact Assessment
This revised settlement schedule impacts shareholders who tendered their shares during the takeover offer period (27/10/2025 to 10/11/2025) for Cupid Breweries and Distilleries Limited. The revision extends the settlement timeline, with obligations now downloadable on 14/11/2025 instead of the originally scheduled date, and final settlement on 17/11/2025. Members and custodians need to adjust their settlement processes accordingly. The impact is moderate as it affects a specific takeover transaction rather than broader market operations.
Impact Justification
Revised settlement schedule affects shareholders participating in the takeover offer for Cupid Breweries. Medium impact as it extends timeline by a few days for settlement obligations.