Description

Revised settlement calendar for the takeover offer of J.B. Chemicals & Pharmaceuticals Limited conducted from November 18, 2025 to December 1, 2025 with updated obligation download and settlement dates.

Summary

BSE has issued a revised settlement schedule for the Offer to Buy – Acquisition Window (Takeover) for J.B. Chemicals & Pharmaceuticals Limited. The takeover offer was conducted from November 18, 2025 to December 1, 2025 under Settlement No. 2025121. The revised obligation download date is December 4, 2025, and the revised settlement date is December 5, 2025.

Key Points

  • Settlement Type: Takeover, Settlement No. 2025121
  • Bid Period: November 18, 2025 to December 1, 2025
  • Revised Obligation Download Date: December 4, 2025
  • Revised Settlement Date: December 5, 2025
  • Demat shares must be delivered only through Early Pay-in of Shares mechanism available in both depositories
  • Members/Custodians must use Market Type “Takeover” and Settlement No. 2025121 in the depository system
  • This circular supersedes Notice No. 20251113-42

Regulatory Changes

No new regulatory changes introduced. This circular provides revised settlement dates for an ongoing takeover process following the 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 exclusively through the Early Pay-in of Shares mechanism
  • Must specify Market Type “Takeover” and Settlement No. 2025121 in depository system transactions
  • Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
  • Members/Custodians should refer to Notice No. 20200528-32 for revised guidelines on acquisition mechanism

Important Dates

  • Bid Start Date: November 18, 2025
  • Bid End Date: December 1, 2025
  • Revised Obligation Download Date: December 4, 2025
  • Revised Settlement Date: December 5, 2025
  • Notice Date: December 2, 2025

Impact Assessment

This circular has medium impact on participants involved in the J.B. Chemicals & Pharmaceuticals Limited takeover offer. The revised settlement schedule provides updated timelines for obligation download and final settlement, requiring members and custodians to adjust their processing schedules accordingly. The mandatory use of Early Pay-in mechanism ensures smooth settlement of demat shares. For clarifications, participants can contact ICCL Help Desk at 022-69158590/45720490/45720690 or iccl.helpdesk@icclindia.com.

Impact Justification

Affects participants in the J.B. Chemicals takeover offer with revised settlement dates requiring timely action for demat share delivery