Description

BSE announces revised settlement calendar for the takeover offer of Shree Pacetronix Limited, with obligation download on November 18, 2025 and settlement on November 19, 2025.

Summary

BSE has issued a revised settlement calendar for the Offer to Buy through Acquisition Window (Takeover) for Shree Pacetronix Limited. The offer period ran from October 31, 2025 to November 14, 2025 (Settlement No. 2025114). The revised obligation download date is November 18, 2025, with settlement scheduled for November 19, 2025.

Key Points

  • Settlement Type: Takeover (Settlement No. 2025114)
  • Bid Period: October 31, 2025 to November 14, 2025
  • Revised Obligation Download Date: November 18, 2025
  • Revised Settlement Date: November 19, 2025
  • This circular revises the earlier Notice No. 20251030-1
  • Demat shares must be delivered exclusively through Early Pay-in of Shares mechanism
  • Early Pay-in is available in both depositories
  • Market Type “(Takeover)” and Settlement No. 2025114 must be used in depository systems

Regulatory Changes

No new regulatory changes introduced. This circular revises the settlement timeline for an ongoing takeover offer while maintaining compliance with existing guidelines for 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
  • Members/Custodians: Must use Market Type “(Takeover)” and Settlement No. 2025114 in the depository system
  • Members: Must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
  • Members/Custodians: Should refer to Notice No. 20200528-32 dated May 28, 2020 for settlement guidelines under the revised mechanism for acquisition of shares through stock exchange
  • All parties must adhere to the revised settlement calendar dates

Important Dates

  • Bid Start Date: October 31, 2025
  • Bid End Date: November 14, 2025
  • Revised Obligation Download: November 18, 2025
  • Revised Settlement Date: November 19, 2025
  • Notice Date: November 17, 2025

Impact Assessment

Operational Impact: Medium - Members and custodians dealing with Shree Pacetronix Limited shares during the takeover period must adjust their settlement processes according to the revised timeline. The two-day extension from the original schedule requires operational adjustments.

Market Impact: Medium - The revised settlement schedule affects shareholders participating in the takeover offer and brokers handling the transactions. The mandatory use of Early Pay-in mechanism ensures smoother settlement and reduces risk.

Affected Parties:

  • Shareholders of Shree Pacetronix Limited who accepted the takeover offer
  • BSE trading members and custodians handling the settlement
  • Indian Clearing Corporation Limited (ICCL) managing the settlement process

Contact Information: For clarifications, members and custodians can contact ICCL Help Desk at 022-69158590/45720490/45720690 or email iccl.helpdesk@icclindia.com

Impact Justification

Revised settlement schedule for a specific takeover transaction affecting shareholders and members dealing with Shree Pacetronix Limited shares during the acquisition window period