Description

Settlement calendar for the takeover offer to buy acquisition window for Rishab Special Yarns Limited from November 14-27, 2025, with settlement on December 4, 2025.

Summary

BSE has announced the settlement calendar 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 obligation download on December 3, 2025 and final settlement on December 4, 2025. Settlement number 2025122 has been assigned for this takeover process.

Key Points

  • Bidding period: November 14, 2025 to November 27, 2025
  • Settlement type: Takeover
  • Settlement number: 2025122
  • Obligation download date: December 3, 2025
  • Settlement date: December 4, 2025
  • Demat shares must be delivered through Early Pay-in of Shares mechanism only
  • Available in both depositories (CDSL and NSDL)
  • Market Type to be used: “(Takeover)”

Regulatory Changes

No new regulatory changes. This circular implements existing revised guidelines for mechanism of 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
  • Must specify Market Type “(Takeover)” and settlement No.2025122 in the depository system
  • Participants must ensure early pay-in securities are reflected in BSE/ICCL systems before prescribed timelines
  • Early pay-in must be completed sufficiently in advance before closure of BSE OTB Bidding window
  • CDSL & NSDL early pay-in securities will be earmarked/blocked in clients’ accounts with requisite market type and settlement number
  • Members NOT required to upload any EPN file
  • Members must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges

Important Dates

  • November 14, 2025: Bid start date
  • November 27, 2025: Bid end date
  • December 3, 2025: Obligation download
  • December 4, 2025: Settlement date

Impact Assessment

This circular has medium operational impact limited to members, custodians, and investors participating in the Rishab Special Yarns Limited takeover offer. The settlement schedule provides clear timelines for the acquisition process. Members and custodians need to ensure compliance with early pay-in requirements and proper use of settlement number and market type identifiers in depository systems. For clarifications, participants can contact ICCL Help Desk at 022-69158590/45720490/45720690 or email iccl.helpdesk@icclindia.com.

Contact Information:

  • ICCL Help Desk: 022-69158590/45720490/45720690
  • Email: iccl.helpdesk@icclindia.com
  • Issued by: Atharva Naik (Senior Officer) and Tajindersingh Virdi (Senior Manager), Indian Clearing Corporation Ltd.

Impact Justification

Operational circular providing settlement schedule for specific takeover process. Medium impact as it affects only participants involved in the Rishab Special Yarns takeover offer.