Description

Revised settlement calendar for the acquisition window (takeover) offer for Octaware Technologies Limited conducted from November 28, 2025 to December 11, 2025, with new 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. The takeover offer was conducted from November 28, 2025 to December 11, 2025 under Settlement No. 2025129. The revised obligation download date is December 17, 2025, and the revised settlement date is December 18, 2025. This circular supersedes the previous Notice No. 20251127-14.

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 only through Early Pay-in of Shares mechanism
  • Early Pay-in mechanism is available in both depositories
  • Market Type “Takeover” and Settlement No. 2025129 must be used in depository system
  • Client-wise stamp duty charges available in MBRSTD_OTB_CM_mmm_SettNo file

Regulatory Changes

No new regulatory changes introduced. The circular follows the existing Revised Guidelines for Mechanism for acquisition of shares through Stock Exchange as referenced in Notice No. 20200528-32 dated May 28, 2020.

Compliance Requirements

  • Members and Custodians must use Early Pay-in of Shares mechanism for delivery of demat shares
  • Members and Custodians must specify Market Type “Takeover” and Settlement No. 2025129 in the depository system along with other details
  • Members must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
  • Members and Custodians should refer to Notice No. 20200528-32 dated May 28, 2020 for settlement guidelines

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 revision impacts members and custodians participating in the Octaware Technologies Limited takeover offer. The updated settlement timeline provides clarity on obligation download and final settlement dates. Members need to ensure their systems and processes are aligned with the revised dates of December 17, 2025 for obligation download and December 18, 2025 for settlement. The mandatory use of Early Pay-in mechanism continues to streamline the delivery process and reduce settlement risk. Members should contact their relationship managers or ICCL Help Desk (022-69158590/45720490/45720690, iccl.helpdesk@icclindia.com) for any clarifications regarding the revised schedule.

Impact Justification

Settlement schedule revision affects members participating in the takeover offer for Octaware Technologies, requiring attention to updated obligation download and settlement dates to ensure compliance with revised timelines.