Description

Settlement calendar for the Offer to Buy acquisition window (Takeover) for SOMA PAPERS AND INDUSTRIES LIMITED to be conducted from November 28, 2025 to December 11, 2025.

Summary

BSE has announced the settlement calendar for the Offer to Buy through Acquisition Window (Takeover) for SOMA PAPERS AND INDUSTRIES LIMITED. The bidding window will operate from November 28, 2025 to December 11, 2025, with settlement number 2025128. The obligation download is scheduled for December 16, 2025, and final settlement on December 17, 2025.

Key Points

  • Settlement Type: Takeover (Settlement No. 2025128)
  • Bid Start Date: November 28, 2025
  • Bid End Date: December 11, 2025
  • Obligation Download: December 16, 2025
  • Settlement Date: December 17, 2025
  • Demat shares must be delivered only through Early Pay-in mechanism
  • Market Type to be used in depository system: “Takeover”
  • Members must refer to Notice No. 20200528-32 dated May 28, 2020 for revised acquisition guidelines
  • CDSL & NSDL early pay-in securities will be earmarked/blocked in client accounts
  • No EPN file upload required by Members & Custodians

Regulatory Changes

No new regulatory changes introduced. This circular follows the existing 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 only through Early Pay-in of Shares mechanism available in both depositories
  • Members/Custodians: Must use Market Type “Takeover” and Settlement No. 2025128 in the depository system
  • Participants: Must ensure early pay-in effect is reflected in BSE/ICCL systems before prescribed timelines for accepting/confirming bids
  • Members/Custodians: Must complete early pay-in process sufficiently in advance before BSE OTB Bidding window closure
  • Members: Must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
  • Members & Custodians: NOT required to upload any EPN file

Important Dates

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

Impact Assessment

Market Impact: Medium - This takeover offer through acquisition window affects shareholders of SOMA PAPERS AND INDUSTRIES LIMITED who wish to participate in the offer to buy.

Operational Impact: Members and custodians participating in this takeover acquisition must ensure compliance with early pay-in requirements and proper marking of securities in depository systems with correct market type and settlement number. Timely completion of early pay-in is critical to meet bidding window deadlines.

Stakeholder Impact: Shareholders have a two-week window (November 28 - December 11, 2025) to participate in the offer. Trading members and custodians need to coordinate closely to ensure proper settlement procedures are followed for this acquisition window.

Contact Information:

Notice Details:

  • Notice No: 20251127-3
  • Category: Settlement/RMS
  • Segment: General
  • Issued by: Indian Clearing Corporation Ltd.
  • Officials: Atharva Naik (Senior Officer), Tajindersingh Virdi (Senior Manager)

Impact Justification

Specific to takeover activity for SOMA PAPERS AND INDUSTRIES LIMITED with defined settlement procedures affecting shareholders and trading members participating in the acquisition window