Description

Settlement calendar for Infosys Limited buyback through acquisition window to be conducted from November 20-26, 2025 with settlement on December 3, 2025.

Summary

BSE has announced the settlement schedule for Infosys Limited’s buyback through the Offer to Buy - Acquisition Window mechanism. The buyback bidding period will run from November 20-26, 2025 (Settlement No. 2025126), with obligation download on December 2, 2025 and final settlement on December 3, 2025. Members and custodians must use early pay-in mechanisms through depositories.

Key Points

  • Settlement Type: Buyback
  • Settlement Number: 2025126
  • Bid Period: November 20, 2025 to November 26, 2025
  • Obligation Download Date: December 2, 2025
  • Settlement Date: December 3, 2025
  • Demat shares must be delivered only through Early Pay-in of Shares mechanism
  • Market Type “Buyback” and settlement number 2025126 must be used in depository system
  • Securities will be earmarked/blocked in clients’ accounts in CDSL & NSDL
  • No EPN file upload required by members and custodians

Regulatory Changes

No new regulatory changes. Settlement follows the Revised Guidelines of 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
  • Must specify Market Type “Buyback” and Settlement No. 2025126 in the depository system
  • Must complete early pay-in process in depository system sufficiently in advance before prescribed timelines for closure of BSE OTB Bidding window
  • Effect of early pay-in must be reflected in BSE/ICCL systems before prescribed timelines for accepting/confirming bids
  • Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
  • Securities will be automatically earmarked/blocked in requisite market type and settlement number

Important Dates

  • November 20, 2025: Bid Start Date
  • November 26, 2025: Bid End Date
  • December 2, 2025: Obligation Download
  • December 3, 2025: Settlement Date

Impact Assessment

Impact Level: Medium

This circular affects members and custodians participating in the Infosys buyback. The use of early pay-in mechanism requires advance planning to ensure securities are delivered before bidding windows close. The earmarking/blocking of securities in client accounts will temporarily restrict trading of those shares. Members must coordinate with custodians to ensure timely settlement. The automated earmarking process (no EPN file upload needed) simplifies operations but requires proper system integration. Contact ICCL Help Desk (022-69158590/45720490/45720690 or iccl.helpdesk@icclindia.com) for clarifications.

Impact Justification

Routine buyback settlement schedule for major company with specific operational requirements for members and custodians