Description
Schedule of activities for the delisting offer to buy acquisition window for Chandi Steel Industries Limited from November 18-24, 2025.
Summary
BSE has announced the schedule for the Offer to Buy – Acquisition Window (Delisting) for Chandi Steel Industries Limited (CSIL). The offer window will be live from Tuesday, November 18, 2025 to Monday, November 24, 2025. The offer covers 99,27,438 equity shares with a floor price of Rs. 62.19 per share. The company is currently only listed on the Calcutta Stock Exchange.
Key Points
- Security Name: Chandi Steel Industries Limited
- Symbol: CSIL
- ISIN: INE204G01017
- Scrip Code: 999947
- Offer Size: 99,27,438 equity shares
- Face Value: Rs. 10.00
- Floor Price: Rs. 62.19
- Market Lot: 1
- Current Listing: Calcutta Stock Exchange only
- Bid Offering Period: November 18-24, 2025 (9:15 AM to 3:30 PM)
- Bid Modification/Cancellation: Available only till November 21, 2025 (9:15 AM to 3:30 PM)
- Give-up/Take-up: November 18-21, 2025 (9:15 AM to 3:30 PM)
- Final Give-up: November 24, 2025 (9:15 AM to 3:30 PM)
- Final Take-up: November 24, 2025 (9:15 AM to 4:00 PM)
Regulatory Changes
No regulatory changes. This is a standard delisting process following existing OTB framework as per Exchange Notices 20150930-1 (September 30, 2015) and 20170203-29 (April 3, 2017).
Compliance Requirements
For Trading Members and Custodian Members:
- UCC Registration: Ensure investor UCC is registered and/or updated with correct PAN Number and Category in the Exchange UCC database
- Bid Acceptance: Trading members can bid for investors having shares in both demat and physical form
- File Processing: Note that if no securities are accepted, no End of Issue files will be generated in Extranet
Bidding Categories Available:
- Foreign Institutional Buyer (FII)
- Financial Institution (FI)
- Mutual Fund (MF)
- Insurance Companies (IC)
- Other QIBs (OTH)
- Other NIB (NOH)
- Company (CO)
- Individual (IND)
Access Platforms:
- iBBS Platform: https://ibbs.bseindia.com/ (Internet) / https://ibbsll.bseindia.com/ (Leased Line)
- RTRMS: https://rtrms.bseindia.com/ (Internet) / https://rtrmsll.bseindia.com/ (Leased Line)
- Extranet: https://member.bseindia.com/ (Internet) / https://memberll.bseindia.com/ (Leased Line)
Important Dates
- November 18, 2025: Offer opening date
- November 21, 2025: Last date for bid modification/cancellation and give-up/take-up
- November 24, 2025: Offer closing date with final give-up (till 3:30 PM) and take-up (till 4:00 PM)
Impact Assessment
Market Impact: Low - This is a company-specific delisting event for Chandi Steel Industries Limited, which is currently listed only on the Calcutta Stock Exchange. The impact is limited to shareholders of this specific company.
Operational Impact: Medium for participating members - Trading members and custodians need to facilitate investor participation through the OTB module during the specified window. Members must ensure proper UCC registration and coordinate bid submissions within the designated timeframes.
Investor Impact: High for CSIL shareholders - Shareholders have a limited window (November 18-24, 2025) to tender their shares at the floor price of Rs. 62.19. Post-delisting, liquidity options may be significantly reduced.
Contact Information
Trading Operations Support:
- Sandeep Pujari: 022-22728376, sandeep.pujari@bseindia.com
- Rushi Bhoir: 022-22728226, rushi.bhoir@bseindia.com
- Hormazdiar Mobedji: 022-22725626, hormazdiar.mobedji@bseindia.com
Listing Sales Support:
- Mangesh Tayde: 022-22728934, mangesh.tayde@bseindia.com
- Rinkesh Gaikwad: 022-22728179, rinkesh.gaikwad@bseindia.com
Technical Support (Login IDs/Password Reset): 022-22728005, user.trdops@bseindia.com
Impact Justification
Company-specific delisting process for Chandi Steel Industries Limited, only listed on Calcutta Stock Exchange, limited broader market impact