Description

Settlement calendar for the Offer to Buy through Acquisition Window (Takeover) for OCTAWARE TECHNOLOGIES LIMITED, to be conducted 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 OCTAWARE TECHNOLOGIES LIMITED. The bidding period will run from November 28, 2025 to December 11, 2025, with settlement number 2025129. Members and custodians must use early pay-in mechanism for delivering demat shares.

Key Points

  • Settlement Type: Takeover
  • Settlement Number: 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 through Early Pay-in of Shares mechanism available in both depositories
  • Market Type “(Takeover)” and settlement No. 2025129 to be used in depository system
  • Members must refer to Notice No. 20200528-32 dated May 28, 2020 for revised guidelines

Regulatory Changes

No new regulatory changes. This circular implements existing guidelines for acquisition of shares through Stock Exchange as per revised mechanism.

Compliance Requirements

  • Members/Custodians: Must complete early pay-in process in depository system sufficiently in advance before prescribed timelines
  • Members/Custodians: Ensure effect of early pay-in is reflected in BSE/ICCL systems before deadlines for bid acceptance/confirmation
  • CDSL & NSDL: Securities will be earmarked/blocked in client accounts in requisite market type and settlement number
  • Members & Custodians: NOT required to upload any EPN file
  • Members: Refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
  • Must use Market Type “(Takeover)” and Settlement No. 2025129 in all depository transactions

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: Limited to shareholders and market participants involved in OCTAWARE TECHNOLOGIES LIMITED takeover. The structured settlement schedule provides clarity for all parties involved in the acquisition process.

Operational Impact: Members and custodians must ensure timely completion of early pay-in process to meet bidding and confirmation deadlines. The automated earmarking/blocking mechanism in CDSL and NSDL simplifies the process by eliminating the need for EPN file uploads.

Stakeholder Impact: Shareholders wishing to participate in the offer to buy must coordinate with their brokers/custodians to ensure shares are delivered through proper early pay-in mechanism within the specified timeframe.

Impact Justification

Specific to takeover process for OCTAWARE TECHNOLOGIES LIMITED. Important for shareholders and members participating in the acquisition window but limited to specific company.