Description

Settlement calendar for the takeover offer of SOMA PAPERS AND INDUSTRIES LIMITED through acquisition window, conducting from November 28, 2025 to December 11, 2025.

Summary

BSE has announced the settlement schedule for the Offer to Buy through Acquisition Window (Takeover) for SOMA PAPERS AND INDUSTRIES LIMITED. The takeover bidding will be conducted from November 28, 2025 to December 11, 2025, with settlement number 2025128. Members and custodians must deliver demat shares through the Early Pay-in mechanism, with securities earmarked/blocked in clients’ accounts under the requisite market type and settlement number.

Key Points

  • Settlement Type: Takeover, Settlement No. 2025128
  • Bid Period: November 28, 2025 to December 11, 2025
  • Demat shares must be delivered only through Early Pay-in of Shares mechanism
  • Market Type “(Takeover)” and Settlement No. 2025128 to be used in depository system
  • CDSL & NSDL early pay-in securities will be earmarked/blocked in clients’ accounts
  • Members NOT required to upload any EPN file
  • Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
  • Reference Notice No.20200528-32 dated May 28, 2020 for revised guidelines

Regulatory Changes

No new regulatory changes introduced. This circular implements existing guidelines for mechanism of acquisition of shares through Stock Exchange as per the Revised Guidelines referenced in Notice No.20200528-32 dated May 28, 2020.

Compliance Requirements

  • Members/Custodians: Must ensure early pay-in of securities is reflected in BSE/ICCL systems before prescribed timelines for accepting/confirming bids
  • Members/Custodians: Must complete early pay-in process in depository system sufficiently in advance before closure of BSE OTB Bidding window
  • Members/Custodians: Must use Market Type “(Takeover)” and Settlement No. 2025128 in depository system
  • Members: Must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
  • Participants: Must ensure effect of early pay-in is reflected before prescribed timelines for bid acceptance/confirmation

Important Dates

  • November 27, 2025: Notice Date
  • November 28, 2025: Bid Start Date
  • December 11, 2025: Bid End Date
  • December 16, 2025: Obligation Download Date
  • December 17, 2025: Settlement Date

Impact Assessment

Market Impact: Limited to shareholders and market participants involved in the takeover of SOMA PAPERS AND INDUSTRIES LIMITED. The structured settlement schedule provides clear timelines for all parties.

Operational Impact: Members and custodians must ensure compliance with early pay-in mechanisms and proper use of settlement numbers in depository systems. The process requires coordination between BSE OTB platform, ICCL systems, and depositories (CDSL/NSDL).

Participant Impact: Shareholders wishing to participate in the acquisition window must work through their members/custodians who will handle the early pay-in process. The automatic earmarking/blocking of securities simplifies the process as no EPN file upload is required.

Support Available: ICCL Help Desk available at 022-69158590/45720490/45720690 or iccl.helpdesk@icclindia.com for clarifications.

Impact Justification

Specific to takeover proceedings for SOMA PAPERS AND INDUSTRIES LIMITED, impacts shareholders and members participating in the acquisition window with clear settlement timelines and procedural requirements.