Description

Revised settlement calendar for the Offer to Buy (Takeover) 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 – Acquisition Window (Takeover) of V.I.P. INDUSTRIES LIMITED. The bidding period ran from November 3, 2025 to November 17, 2025 (Settlement No. 2025115). The revised obligation download date is November 19, 2025, and the revised settlement date is November 20, 2025. This notice updates the previously issued Notice No. 20251030-10.

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
  • Demat shares must be delivered only through Early Pay-in of Shares mechanism available in both depositories
  • Market Type “(Takeover)” and Settlement No. 2025115 must be used by Members/Custodians in the depository system

Regulatory Changes

No new regulatory changes introduced. This circular revises the settlement timeline for an ongoing takeover acquisition process under existing SEBI takeover regulations.

Compliance Requirements

  • Members/Custodians must use Early Pay-in of Shares mechanism for delivery of demat shares
  • Members/Custodians must specify Market Type “(Takeover)” and Settlement No. 2025115 in depository system entries
  • Members 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
  • For clarifications, contact ICCL Help Desk at 022-69158590/45720490/45720690 or iccl.helpdesk@icclindia.com

Important Dates

  • November 3-17, 2025: Bidding period for acquisition window
  • November 19, 2025: Revised obligation download date
  • November 20, 2025: Revised settlement date

Impact Assessment

This circular has medium impact, specifically affecting brokers, custodians, and investors participating in the V.I.P. Industries takeover offer. The revised settlement dates require participants to adjust their operational timelines for share delivery and payment obligations. The use of Early Pay-in mechanism ensures timely settlement and reduces risk. The impact is contained to participants in this specific takeover transaction and does not affect broader market operations.

Impact Justification

Affects settlement timelines for specific takeover transaction; important for participants in V.I.P. Industries acquisition but limited broader market impact