Description

Settlement calendar for the delisting offer of Chandi Steel Industries Limited through acquisition window from November 18-24, 2025.

Summary

BSE has announced the settlement calendar for the Offer to Buy under the Acquisition Window (Delisting) for CHANDI STEEL INDUSTRIES LIMITED. The bidding window will be open from November 18-24, 2025, with settlement number 2025124. Shareholders can tender their shares through the early pay-in mechanism during this period.

Key Points

  • Bidding period: November 18-24, 2025
  • Settlement number: 2025124
  • Obligation download date: November 25, 2025
  • Settlement date: November 26, 2025
  • Demat shares must be delivered through Early Pay-in of Shares mechanism only
  • Market Type designation: “Delisting” with settlement no. 2025124
  • Members must complete early pay-in before prescribed timelines for bid acceptance/confirmation

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

For Members/Custodians:

  • Use Market Type “Delisting” and settlement number 2025124 in depository systems
  • Complete early pay-in of securities sufficiently in advance before BSE OTB bidding window closure
  • CDSL: Early pay-in to be done by clients directly to member/custodian early pay-in account
  • NSDL: Securities to be earmarked/blocked in client account; client executes transfer instructions to member’s NSDL pool account
  • No EPN file upload required
  • Refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges

For Shareholders:

  • Ensure early pay-in effect is reflected in BSE/ICCL systems before bid acceptance deadlines
  • Submit securities through appropriate depository mechanism based on CDSL or NSDL holdings

Important Dates

  • November 18, 2025: Bid start date
  • November 24, 2025: Bid end date
  • November 25, 2025: Obligation download
  • November 26, 2025: Settlement date

Impact Assessment

Market Impact: Limited to shareholders of Chandi Steel Industries Limited who wish to participate in the delisting offer.

Operational Impact: Members and custodians must coordinate early pay-in processes with clients to ensure timely delivery of securities before bidding deadlines. The requirement for early pay-in through depository systems necessitates advance planning and execution.

Investor Impact: Shareholders holding demat shares of Chandi Steel Industries Limited have a 7-day window to tender their shares through the acquisition window if they wish to exit their investment during the delisting process.

Contact for Queries: ICCL Help Desk - 022-69158590/45720490/45720690, iccl.helpdesk@icclindia.com

Impact Justification

Company-specific delisting process with defined settlement schedule affecting shareholders of Chandi Steel Industries Limited