Description

Settlement calendar for the acquisition of RISHAB SPECIAL YARNS LIMITED through Offer to Buy (Takeover) mechanism from 14/11/2025 to 27/11/2025.

Summary

BSE has announced the settlement schedule for the Offer to Buy – Acquisition Window (Takeover) for RISHAB SPECIAL YARNS LIMITED. The bidding window will be open from November 14, 2025, to November 27, 2025, with settlement number 2025122. Obligation download and settlement dates are scheduled for December 3 and December 4, 2025, respectively.

Key Points

  • Settlement Type: Takeover
  • Settlement Number: 2025122
  • Bid Start Date: November 14, 2025
  • Bid End Date: November 27, 2025
  • Obligation Download: December 3, 2025
  • Settlement Date: December 4, 2025
  • Demat shares must be delivered through Early Pay-in of Shares mechanism only
  • Market Type designation: “(Takeover)” with settlement number 2025122
  • CDSL & NSDL early pay-in securities will be earmarked/blocked in clients’ accounts
  • Members NOT required to upload EPN file

Regulatory Changes

No new regulatory changes. This notice follows the 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 use Early Pay-in of Shares mechanism available in both depositories
  • Members/Custodians: Must specify Market Type “(Takeover)” and settlement number 2025122 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: Must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
  • Securities will be earmarked/blocked in requisite market type and settlement number in client accounts

Important Dates

  • November 14, 2025: Bid Start Date
  • November 27, 2025: Bid End Date (closure of BSE OTB Bidding window)
  • December 3, 2025: Obligation Download
  • December 4, 2025: Settlement Date

Impact Assessment

Market Impact: Limited to shareholders of RISHAB SPECIAL YARNS LIMITED who wish to participate in the takeover offer. The acquisition window provides an opportunity for shareholders to tender their shares to the acquirer.

Operational Impact: Members and custodians handling transactions for RISHAB SPECIAL YARNS LIMITED shareholders must ensure compliance with early pay-in requirements and proper settlement type designation. Timing is critical as early pay-in must be completed before bidding window closure to ensure proper bid acceptance and confirmation.

Contact for Clarifications: ICCL Help Desk (022-69158590/45720490/45720690, iccl.helpdesk@icclindia.com) or relationship managers.

Impact Justification

This is a procedural notice for a specific takeover transaction affecting RISHAB SPECIAL YARNS LIMITED shareholders. Impact is limited to those participating in the acquisition window.