Description
BSE revises settlement calendar for takeover offer of V.I.P. Industries Limited conducted from November 3-17, 2025, with new obligation download and settlement dates.
Summary
BSE has issued a revised settlement schedule for the Offer to Buy – Acquisition Window (Takeover) for V.I.P. Industries Limited. The takeover offer was conducted 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 supersedes the earlier Notice No. 20251030-10.
Key Points
- Settlement Type: Takeover, Settlement No. 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 through Early Pay-in of Shares mechanism only
- Market Type “(Takeover)” and Settlement No. 2025115 to be used in depository system
- Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
Regulatory Changes
No new regulatory changes introduced. This circular revises the settlement timeline for an ongoing takeover offer under existing acquisition guidelines.
Compliance Requirements
- Members/Custodians must deliver demat shares only through Early Pay-in of Shares mechanism available in both depositories
- Members/Custodians must use Market Type “(Takeover)” and Settlement No. 2025115 in the depository system along with other details
- Members must 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 check MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
Important Dates
| Event | Date |
|---|---|
| Bid Start Date | November 3, 2025 |
| Bid End Date | November 17, 2025 |
| Revised Obligation Download | November 19, 2025 |
| Revised Settlement Date | November 20, 2025 |
Impact Assessment
Market Impact: Limited to participants in the V.I.P. Industries Limited takeover offer. The revision provides clarity on settlement timelines for bidders and sellers.
Operational Impact: Members and custodians participating in this takeover offer must adjust their settlement processes according to the revised dates. The one-day extension in settlement timeline allows additional time for obligation processing and delivery arrangements.
Stakeholder Impact: Affects brokers, custodians, and investors participating in the VIP Industries takeover offer who need to ensure compliance with the revised settlement schedule and early pay-in requirements.
Contact: For clarifications, members can contact ICCL Help Desk at 022-69158590/45720490/45720690 or email iccl.helpdesk@icclindia.com
Impact Justification
Affects settlement timelines for takeover participants of VIP Industries but is a routine settlement calendar revision with limited broader market impact