Description

Revised settlement calendar for the Offer to Buy (Acquisition Window/Takeover) of V.I.P. Industries Limited, with updated obligation download and settlement dates.

Summary

BSE has issued a revised settlement schedule for the Offer to Buy (Acquisition Window/Takeover) of V.I.P. Industries Limited. The bidding period was conducted from November 3, 2025 to November 17, 2025, with revised obligation download and settlement dates now set for November 19 and 20, 2025 respectively.

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 available in both depositories

Regulatory Changes

No new regulatory changes. This circular provides revised settlement dates for an ongoing takeover offer process under existing SEBI acquisition guidelines.

Compliance Requirements

  • Members/Custodians must use Market Type “Takeover” and Settlement No. 2025115 in the depository system
  • Demat shares delivery must be done only through Early Pay-in of Shares mechanism
  • Members/Custodians should refer to Notice No. 20200528-32 dated May 28, 2020 regarding settlement as per Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange
  • Members must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges

Important Dates

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

Impact Assessment

This revised settlement schedule specifically impacts shareholders participating in the takeover offer of V.I.P. Industries Limited and their brokers/custodians. The revision provides clarity on obligation download and settlement timelines. Market participants and clearing members involved in this acquisition window need to adjust their operational timelines accordingly. For queries, members can contact ICCL Help Desk at 022-69158590/45720490/45720690 or iccl.helpdesk@icclindia.com.

Impact Justification

Revised settlement schedule for a specific takeover offer affecting shareholders of V.I.P. Industries Limited. Important for participants in this acquisition but limited broader market impact.