Description
Settlement calendar and procedures for the delisting offer to buy acquisition window for Chandi Steel Industries Limited, scheduled from November 18-24, 2025.
Summary
BSE has announced the settlement calendar for the Offer to Buy – Acquisition Window (Delisting) for Chandi Steel Industries Limited. The bidding window will be open from November 18-24, 2025, with settlement number 2025124. All demat shares must be delivered through the Early Pay-in of Shares mechanism available in both depositories.
Key Points
- Settlement Type: Delisting
- Settlement Number: 2025124
- Bid Start Date: November 18, 2025
- Bid End Date: November 24, 2025
- Obligation Download: November 25, 2025
- Settlement Date: November 26, 2025
- Demat shares must be delivered only through Early Pay-in mechanism
- Market Type “(Delisting)” and settlement number 2025124 to be used in depository system
- Members/Custodians are NOT required to upload any EPN file
Regulatory Changes
This circular follows the Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange as per Notice No.20200528-32 dated May 28, 2020.
Compliance Requirements
For Members/Custodians:
- Ensure early pay-in of securities is reflected in BSE/ICCL systems before prescribed timelines for accepting/confirming bids
- Complete early pay-in process in Depository system sufficiently in advance before closure of BSE OTB Bidding window
- Refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
- Use Market Type “(Delisting)” and settlement number 2025124 in depository system
CDSL Process:
- Early pay-in required to be done by clients directly to the early pay-in account of member/custodians
NSDL Process:
- Early pay-in securities will be earmarked/blocked in client’s account
- Client will execute instructions for transfer of security to member’s NSDL pool account in requisite market type and settlement number
Important Dates
| Event | Date |
|---|---|
| Bid Start Date | November 18, 2025 |
| Bid End Date | November 24, 2025 |
| Obligation Download | November 25, 2025 |
| Settlement Date | November 26, 2025 |
Impact Assessment
Market Impact: Medium - Limited to shareholders of Chandi Steel Industries Limited who wish to participate in the delisting offer.
Operational Impact: Medium - Members and custodians need to ensure timely early pay-in of securities and compliance with the specified settlement procedures. Failure to complete early pay-in sufficiently in advance may prevent bid acceptance/confirmation.
Contact Information:
- ICCL Help Desk: 022-69158590/45720490/45720690
- Email: iccl.helpdesk@icclindia.com
Impact Justification
Company-specific delisting event with defined settlement schedule; impacts shareholders of Chandi Steel Industries Limited and participating members/custodians during the specified bidding period