Description

Revised settlement calendar for the takeover offer of V.I.P. Industries Limited conducted from November 3-17, 2025, with updated obligation download and settlement dates.

Summary

BSE has issued a revised settlement schedule for the Offer to Buy under the Acquisition Window (Takeover) mechanism for V.I.P. Industries Limited. The bidding period ran from November 3-17, 2025, with the obligation download date revised to November 19, 2025 and settlement date to November 20, 2025. Settlement number is 2025115.

Key Points

  • Settlement Type: Takeover
  • Settlement Number: 2025115
  • Bid Period: November 3, 2025 to November 17, 2025
  • Revised Obligation Download Date: November 19, 2025
  • Revised Settlement Date: November 20, 2025
  • Reference to previous Notice No. 20251030-10
  • Demat shares must be delivered through Early Pay-in of Shares mechanism only
  • Available through both depositories

Regulatory Changes

No new regulatory changes. This circular updates the settlement timeline for an ongoing takeover offer under existing acquisition guidelines referenced in Notice No. 20200528-32 dated May 28, 2020.

Compliance Requirements

  • Members/Custodians: Must use Market Type “Takeover” and Settlement No. 2025115 in the depository system
  • Share Delivery: Demat shares must be delivered exclusively through Early Pay-in of Shares mechanism
  • Stamp Duty: Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
  • Guidelines Reference: Members/Custodians must refer to Notice No. 20200528-32 regarding settlement as per Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange

Important Dates

  • Bid Start Date: November 3, 2025
  • Bid End Date: November 17, 2025
  • Revised Obligation Download: November 19, 2025
  • Revised Settlement Date: November 20, 2025
  • Notice Date: November 18, 2025

Impact Assessment

Operational Impact: Medium - Members and custodians involved in the VIP Industries takeover offer need to adjust their settlement operations according to the revised timeline. The one-day delay in settlement may require coordination with clients and back-office systems.

Market Impact: Low to Medium - Limited to participants in the specific takeover offer for VIP Industries. Does not affect regular market operations or broader trading activities.

Compliance Impact: Medium - Participants must ensure proper use of settlement number and market type in depository systems, and verify stamp duty calculations from the designated file.

Contact for Clarifications: ICCL Help Desk at 022-69158590/45720490/45720690 or iccl.helpdesk@icclindia.com

Impact Justification

Affects settlement timeline for takeover offer participants of VIP Industries. Important for members involved in the acquisition window but limited to specific corporate action participants.