Description
Revised settlement calendar for the Offer to Buy (Takeover) conducted from November 3-17, 2025 for 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) for V.I.P. Industries Limited (Settlement No. 2025115). The bidding period ran from November 3, 2025 to November 17, 2025. The revised obligation download date is November 19, 2025, and the revised settlement date is November 20, 2025. This notice revises the earlier settlement calendar issued via 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 must be used in depository system
- Client-wise stamp duty charges available in MBRSTD_OTB_CM_mmm_SettNo file
Regulatory Changes
No new regulatory changes introduced. This circular provides a revised timeline for an existing takeover offer process, following the mechanism 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 through Early Pay-in of Shares mechanism available in both depositories
- Members/Custodians: Must use Market Type “Takeover” and Settlement No. 2025115 in depository system along with other required details
- Members: Should 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 revised guidelines on acquisition mechanism
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
Market Impact: Medium - Affects only participants in the V.I.P. Industries Limited takeover offer.
Operational Impact: Medium - Members and custodians involved in this settlement must ensure compliance with the revised timeline. The one-day postponement of both obligation download (to November 19) and settlement (to November 20) provides updated timelines for settlement processing.
Stakeholder Impact: Participants in the takeover offer must adjust their settlement expectations and processes according to the revised dates. Those tendering shares must ensure early pay-in through the depository mechanism.
Contact: For clarifications, members and custodians can contact ICCL Help Desk at 022-69158590/45720490/45720690 or email iccl.helpdesk@icclindia.com.
Impact Justification
Affects settlement timeline for takeover offer participants with revised obligation download and settlement dates for V.I.P. Industries Limited acquisition window