Description

BSE revises settlement calendar for the takeover acquisition window of Johnson Controls-Hitachi Air Conditioning India Limited, extending obligation download and settlement dates to December 8-9, 2025.

Summary

BSE has issued a revised settlement schedule for the Offer to Buy – Acquisition Window (Takeover) of Johnson Controls-Hitachi Air Conditioning India Limited (Settlement No. 2025119). The bid period ran from November 13, 2025 to November 26, 2025, with revised obligation download and settlement dates now set for December 8-9, 2025 respectively.

Key Points

  • Settlement Number: 2025119
  • Bid Period: November 13, 2025 to November 26, 2025
  • Revised Obligation Download Date: December 8, 2025
  • Revised Settlement Date: December 9, 2025
  • Demat shares must be delivered only through Early Pay-in of Shares mechanism
  • Market Type “(Takeover)” and Settlement No. 2025119 to be used in depository system
  • Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
  • This revises the earlier Notice No. 20251112-9

Regulatory Changes

No new regulatory changes introduced. This circular provides revised settlement dates for an existing takeover acquisition process.

Compliance Requirements

  • Members/Custodians must use Early Pay-in of Shares mechanism available in both depositories
  • Members/Custodians must include Market Type “(Takeover)” and Settlement No. 2025119 in depository system transactions
  • Members must refer to Notice No. 20200528-32 dated May 28, 2020 regarding settlement as per Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange
  • Members should consult MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges

Important Dates

  • December 8, 2025: Revised Obligation Download Date
  • December 9, 2025: Revised Settlement Date
  • Bid period was November 13-26, 2025 (already concluded)

Impact Assessment

This circular has limited operational impact as it applies specifically to the takeover acquisition of Johnson Controls-Hitachi Air Conditioning India Limited. Members and custodians involved in this particular acquisition must adjust their settlement processing timelines accordingly. The extension of settlement dates provides additional time for obligation processing. Market participants not involved in this specific takeover are unaffected. Contact: ICCL Help Desk at 022-69158590/45720490/45720690 or iccl.helpdesk@icclindia.com for clarifications.

Impact Justification

Procedural update revising settlement dates for an ongoing takeover acquisition window. Affects members and custodians involved in this specific acquisition but does not introduce new regulatory requirements or have broad market implications.