Description

Updated settlement calendar for the takeover offer to buy shares of Cupid Breweries and Distilleries Limited conducted from October 27 to November 10, 2025.

Summary

BSE has issued a revised settlement schedule for the Offer to Buy – Acquisition Window (Takeover) for Cupid Breweries and Distilleries Limited. The takeover bidding period ran from October 27, 2025 to November 10, 2025 under Settlement No. 2025109. The revised obligation download date is November 14, 2025, and the revised settlement date is November 17, 2025.

Key Points

  • Settlement Type: Takeover (Settlement No. 2025109)
  • Bid Period: October 27, 2025 to November 10, 2025
  • Demat shares must be delivered exclusively through Early Pay-in of Shares mechanism available in both depositories
  • Market Type “(Takeover)” and Settlement No. 2025109 must be used by Members/Custodians in the depository system
  • Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
  • This notice supersedes the previous Notice No. 20251024-8

Regulatory Changes

No new regulatory changes introduced. This circular implements the existing guidelines for 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 only through the Early Pay-in of Shares mechanism
  • Members and Custodians must use Market Type “(Takeover)” and Settlement No. 2025109 in the depository system
  • Members must refer to the MBRSTD_OTB_CM_mmm_SettNo file for applicable client-wise stamp duty charges
  • Members and Custodians should follow the revised guidelines for 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 revised settlement schedule affects shareholders participating in the takeover offer for Cupid Breweries and Distilleries Limited, as well as members and custodians processing the acquisition transactions. The revision provides updated timeline for obligation download and final settlement, allowing participants to plan their delivery and payment schedules accordingly. The impact is limited to participants in this specific takeover offer and does not affect broader market operations. Members need to ensure compliance with the revised dates to avoid settlement failures.

Impact Justification

Revised settlement dates for a specific takeover offer affecting shareholders and members participating in the acquisition window for Cupid Breweries and Distilleries Limited