Description

BSE announces revised settlement calendar for takeover offer of Octaware Technologies Limited conducted from November 28 to December 11, 2025, with revised obligation download and settlement dates.

Summary

BSE has issued a revised settlement schedule for the Offer to Buy under the Acquisition Window (Takeover) for OCTAWARE TECHNOLOGIES LIMITED. The takeover bidding period ran from November 28, 2025 to December 11, 2025 (Settlement No. 2025129). The revised obligation download date is December 17, 2025, and the revised settlement date is December 18, 2025. This notice revises the earlier schedule published in 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
  • Members/Custodians must use Market Type “Takeover” and Settlement No. 2025129 in depository systems
  • Client-wise stamp duty charges available in MBRSTD_OTB_CM_mmm_SettNo file

Regulatory Changes

No new regulatory changes introduced. This circular provides revised settlement timelines for an ongoing takeover process under existing regulations for acquisition of shares through Stock Exchange mechanism.

Compliance Requirements

  • Members and Custodians must deliver demat shares exclusively through Early Pay-in of Shares mechanism
  • Must specify Market Type “Takeover” and Settlement No. 2025129 in depository system entries
  • Members should refer to Notice No. 20200528-32 dated May 28, 2020 for settlement procedures under Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange
  • Members must check MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
  • For clarifications, contact relationship managers or ICCL Help Desk (022-69158590/45720490/45720690, iccl.helpdesk@icclindia.com)

Important Dates

  • November 28, 2025: Bid start date
  • December 11, 2025: Bid end date
  • December 17, 2025: Revised obligation download date
  • December 18, 2025: Revised settlement date

Impact Assessment

This revised schedule impacts members, custodians, and shareholders participating in the Octaware Technologies takeover offer. The two-day revision in obligation download and settlement dates (from original schedule in Notice No. 20251127-14) provides additional time for processing obligations. Market participants must ensure compliance with Early Pay-in requirements and proper coding in depository systems to avoid settlement failures. The impact is specific to Octaware Technologies takeover participants and does not affect broader market operations.

Impact Justification

Affects settlement timelines for takeover offer participants and requires specific depository procedures for share delivery in Octaware Technologies acquisition