Description

BSE revises settlement schedule for the takeover offer to buy acquisition window for J.B. Chemicals & Pharmaceuticals Limited, with new obligation download date of December 4, 2025 and settlement date of December 5, 2025.

Summary

BSE has issued a revised settlement calendar for the Offer to Buy – Acquisition Window (Takeover) for J.B. Chemicals & Pharmaceuticals Limited. The bidding period ran from November 18, 2025 to December 1, 2025 (Settlement No. 2025121). The revised schedule moves the obligation download date to December 4, 2025 and the settlement date to December 5, 2025. This revision supersedes the earlier notice (No. 20251113-42).

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 through Early Pay-in of Shares mechanism only
  • Both depositories support the Early Pay-in mechanism
  • Market Type “Takeover” and Settlement No. 2025121 must be used in depository systems

Regulatory Changes

This circular provides a revised timeline for the existing takeover settlement process. No new regulatory requirements are introduced beyond the schedule modification.

Compliance Requirements

  • Members/Custodians must deliver demat shares exclusively through the Early Pay-in of Shares mechanism available in both depositories
  • Members/Custodians must use Market Type “Takeover” and Settlement No. 2025121 in depository system entries
  • Members must refer to Notice No. 20200528-32 dated May 28, 2020 for settlement guidelines under the Revised Mechanism for acquisition of shares through Stock Exchange
  • Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
  • Members/Custodians should contact relationship managers or ICCL Help Desk for clarifications

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
  • Circular Issue Date: December 2, 2025

Impact Assessment

Market Impact: Medium - This revision affects only participants involved in the specific takeover offer for J.B. Chemicals & Pharmaceuticals Limited. The two-day extension of settlement timeline provides additional processing time.

Operational Impact: Medium - Members and custodians participating in this takeover must adjust their settlement processing schedules. The mandatory use of Early Pay-in mechanism requires proper system configuration and coordination with depositories.

Affected Parties:

  • Selling shareholders tendering shares in the takeover offer
  • Stock brokers/trading members handling offer transactions
  • Custodians managing institutional holdings
  • Indian Clearing Corporation Limited (settlement processing)

Contact Information: ICCL Help Desk - 022-69158590/45720490/45720690 or iccl.helpdesk@icclindia.com

Impact Justification

Revised settlement schedule for takeover acquisition affects participants in the J.B. Chemicals takeover offer with modified obligation download and settlement dates. Impact limited to specific corporate action participants.