Description
Schedule of activities for the delisting offer to buy of Chandi Steel Industries Limited shares, running from November 18-24, 2025, with a floor price of Rs. 62.19 per share.
Summary
BSE has announced the schedule for the Offer to Buy (Acquisition Window) for delisting of Chandi Steel Industries Limited shares. The offer period runs from Tuesday, November 18, 2025 to Monday, November 24, 2025. The floor price is set at Rs. 62.19 per share with an offer size of 99,27,438 equity shares. Trading and custodian members are required to follow the specified schedule and operational procedures for participation.
Key Points
- Security: Chandi Steel Industries Limited (Symbol: CSIL, ISIN: INE204G01017, Scrip Code: 999947)
- Offer size: 99,27,438 equity shares
- Floor price: Rs. 62.19 per share
- Face value: Rs. 10.00
- Market lot: 1
- Bid offering period: November 18-24, 2025 (9:15 AM to 3:30 PM)
- Bid modification/cancellation allowed only till November 21, 2025
- Company is only listed at Calcutta Stock Exchange
- Multiple investor categories eligible: FII, FI, MF, IC, Other QIBs, NOH, Company, Individual
Regulatory Changes
No regulatory changes introduced. This circular provides operational instructions for executing the delisting offer under existing BSE framework as per notices 20150930-1 dated September 30, 2015 and 20170203-29 dated April 3, 2017.
Compliance Requirements
For Trading Members and Custodian Members:
- Ensure UCC of investors is registered and/or updated with correct PAN Number and Category in Exchange UCC database
- Members can bid for investors having shares in both demat and physical form
- Access OTB module through specified URLs:
- iBBS platform: https://ibbs.bseindia.com/ (Internet) or https://ibbsll.bseindia.com/ (Leased Line)
- RTRMS: https://rtrms.bseindia.com/ (Internet) or https://rtrmsll.bseindia.com/ (Leased Line)
- Extranet: https://member.bseindia.com/ (Internet) or https://memberll.bseindia.com/ (Leased Line)
- Files on Extranet for bid acceptance available only after confirmation from Merchant Banker/RTA post-issue closure
- Note: No End of Issue files generated if no securities are accepted
Important Dates
- Opening Date: Tuesday, November 18, 2025
- Closing Date: Monday, November 24, 2025
- Bid Offering Period: November 18-24, 2025 (9:15 AM to 3:30 PM)
- Bid Modification/Cancellation: November 18-21, 2025 (9:15 AM to 3:30 PM)
- Give-up/Take-up: November 18-21, 2025 (9:15 AM to 3:30 PM)
- Give-up (Final Day): November 24, 2025 (9:15 AM to 3:30 PM)
- Take-up (Final Day): November 24, 2025 (9:15 AM to 4:00 PM)
Impact Assessment
Market Impact: Low - The company is only listed on Calcutta Stock Exchange, indicating limited trading activity and market participation. The delisting affects a relatively small offer size of approximately 99.27 lakh shares.
Operational Impact: Medium - Trading and custodian members participating in the delisting process need to ensure proper UCC registration, coordinate with clients holding shares in both demat and physical form, and follow the prescribed bidding schedule. Members must have access to multiple systems (iBBS, RTRMS, Extranet) and maintain proper login credentials.
Investor Impact: Medium for existing shareholders - Shareholders of Chandi Steel Industries Limited have a 5-trading-day window to participate in the delisting offer at the floor price of Rs. 62.19. Bid modifications are only allowed until November 21, 2025, requiring timely decision-making.
Impact Justification
Medium importance due to delisting process requirements for trading members, but low market impact as company is only listed on Calcutta Stock Exchange with limited offer size of 99.27 lakh shares