Description

Settlement calendar for the Offer to Buy under Acquisition Window (Takeover) for Johnson Controls-Hitachi Air Conditioning India Limited, to be conducted from November 13, 2025 to November 26, 2025.

Summary

BSE has announced the settlement calendar for the Offer to Buy under 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 number 2025119. Obligation download is scheduled for December 9, 2025, and final settlement on December 10, 2025.

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
  • Market Type “Takeover” and settlement number 2025119 to be used in depository system
  • Members must refer to Notice No. 20200528-32 dated May 28, 2020 for revised guidelines

Regulatory Changes

No new regulatory changes. This circular implements the existing Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange as referenced in Notice No. 20200528-32 dated May 28, 2020.

Compliance Requirements

  • Members/Custodians: Must ensure early pay-in of securities is reflected in BSE/ICCL systems before prescribed timelines for accepting/confirming bids on BSE OTB platform
  • Early Pay-in Process: Must be completed sufficiently in advance before closure of BSE OTB Bidding window
  • CDSL & NSDL: Securities will be earmarked/blocked in clients’ accounts with requisite market type and settlement number
  • No EPN File Upload: Members and Custodians are NOT required to upload any EPN file
  • Stamp Duty: Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
  • Contact: For clarifications, contact relationship managers or ICCL Help Desk at 022-69158590/45720490/45720690 or iccl.helpdesk@icclindia.com

Important Dates

  • 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 has medium impact on shareholders of Johnson Controls-Hitachi Air Conditioning India Limited who wish to tender their shares in the takeover offer. The defined settlement schedule provides clarity on timelines for the acquisition process. Members and custodians need to ensure compliance with early pay-in requirements to avoid settlement failures. The 14-day bidding window (November 13-26, 2025) provides adequate time for shareholders to participate in the offer.

Impact Justification

Settlement schedule for takeover offer - impacts shareholders of Johnson Controls-Hitachi Air Conditioning India Limited who wish to participate in the acquisition window