Description

Settlement calendar for Offer to Buy acquisition window (takeover) for OCTAWARE TECHNOLOGIES LIMITED to be conducted from November 28, 2025 to December 11, 2025.

Summary

BSE has announced the settlement calendar for the Offer to Buy – Acquisition Window (Takeover) for OCTAWARE TECHNOLOGIES LIMITED. The acquisition window will be conducted from November 28, 2025 to December 11, 2025, with settlement number 2025129, obligation download on December 24, 2025, and settlement date on December 26, 2025.

Key Points

  • Settlement Type: Takeover (Settlement No. 2025129)
  • Bid Start Date: November 28, 2025
  • Bid End Date: December 11, 2025
  • Obligation Download: December 24, 2025
  • Settlement Date: December 26, 2025
  • Demat shares must be delivered only through Early Pay-in of Shares mechanism
  • Market Type “(Takeover)” and settlement No. 2025129 to be used in depository system
  • Securities will be earmarked/blocked in clients’ accounts with requisite market type and settlement number
  • No EPN file upload required by Members & Custodians

Regulatory Changes

No new regulatory changes. This circular 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 ensure early pay-in of securities effect 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 BSE OTB Bidding window closure
  • Members/Custodians: Must use Market Type “(Takeover)” and settlement No. 2025129 in depository system
  • Members: Must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
  • CDSL & NSDL: Early pay-in securities will be earmarked/blocked in clients’ accounts automatically

Important Dates

  • November 28, 2025: Bid Start Date
  • December 11, 2025: Bid End Date
  • December 24, 2025: Obligation Download
  • December 26, 2025: Settlement Date

Impact Assessment

Market Impact: Medium - Affects shareholders of OCTAWARE TECHNOLOGIES LIMITED who wish to participate in the takeover offer through the acquisition window.

Operational Impact: Medium - Requires Members and Custodians to follow specific early pay-in procedures and ensure timely completion of securities transfer in depository systems. The automatic earmarking/blocking mechanism in CDSL & NSDL simplifies the process by eliminating the need for EPN file uploads.

Contact: For clarifications, Members & Custodians may contact ICCL Help Desk at 022-69158590/45720490/45720690 or iccl.helpdesk@icclindia.com

Impact Justification

Standard takeover settlement schedule affecting specific stock with defined timelines for shareholders and members participating in the acquisition window