Description

BSE revises settlement calendar for Offer to Buy – Acquisition Window (Takeover) for Octaware Technologies Limited, extending obligation download and settlement dates.

Summary

BSE has issued a revised settlement schedule for the Offer to Buy – Acquisition Window (Takeover) for Octaware Technologies Limited (Settlement No. 2025129). The bid period ran from November 28, 2025 to December 11, 2025, with revised obligation download date of December 17, 2025 and settlement date of December 18, 2025. This revision updates the earlier notice dated November 27, 2025.

Key Points

  • Settlement Type: Takeover (Settlement No. 2025129)
  • Bid Period: November 28, 2025 to December 11, 2025
  • Revised Obligation Download Date: December 17, 2025
  • Revised Settlement Date: December 18, 2025
  • Demat shares must be delivered exclusively through Early Pay-in of Shares mechanism
  • Market Type “Takeover” and Settlement No. 2025129 to be used in depository system
  • Reference to original Notice No. 20251127-14

Regulatory Changes

No new regulatory changes introduced. The circular implements the revised guidelines for mechanism of acquisition of shares through stock exchange as per Notice No. 20200528-32 dated May 28, 2020.

Compliance Requirements

  • Members/Custodians must use Early Pay-in of Shares mechanism available in both depositories for delivery of demat shares
  • Members/Custodians must specify Market Type “Takeover” and Settlement No. 2025129 in the depository system
  • Members must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
  • Members should follow the revised settlement calendar dates for obligation fulfillment

Important Dates

  • Bid Start Date: November 28, 2025
  • Bid End Date: December 11, 2025
  • Revised Obligation Download Date: December 17, 2025
  • Revised Settlement Date: December 18, 2025
  • Circular Issue Date: December 12, 2025

Impact Assessment

This circular has specific impact on market participants involved in the Octaware Technologies Limited takeover offer. The revision of settlement dates provides additional time for obligation download and settlement processes. Members and custodians participating in this acquisition window need to adjust their operational timelines accordingly. The requirement for Early Pay-in mechanism ensures smoother settlement process. Contact details for ICCL Help Desk (022-69158590/45720490/45720690, iccl.helpdesk@icclindia.com) are provided for clarifications, indicating support infrastructure is in place for execution.

Impact Justification

Company-specific takeover settlement revision affecting participants in Octaware Technologies acquisition; important for involved parties but limited broader market impact