Description

BSE revises settlement schedule for Octaware Technologies Limited takeover acquisition window, with obligation download on December 17, 2025 and settlement on December 18, 2025.

Summary

BSE has issued a revised settlement schedule for the Offer to Buy - Acquisition Window (Takeover) for Octaware Technologies Limited. The acquisition window was conducted 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.

Key Points

  • Settlement Type: Takeover (Settlement No. 2025129)
  • Bid Period: November 28, 2025 to December 11, 2025
  • Demat shares must be delivered only through Early Pay-in of Shares mechanism available in both depositories
  • Market Type “(Takeover)” and Settlement No. 2025129 to be used by Members/Custodians in depository system
  • Client-wise Stamp Duty charges available in MBRSTD_OTB_CM_mmm_SettNo file
  • This circular references previous Notice No. 20251127-14 and Notice No. 20200528-32 regarding revised guidelines for acquisition of shares through stock exchange

Regulatory Changes

No new regulatory changes introduced. This circular revises the settlement timeline for an ongoing takeover acquisition process under existing SEBI takeover regulations.

Compliance Requirements

  • Members and Custodians must deliver demat shares exclusively through Early Pay-in of Shares mechanism
  • Members/Custodians must use Market Type “(Takeover)” and Settlement No. 2025129 in depository system entries
  • 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 procedures under revised acquisition guidelines

Important Dates

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

Impact Assessment

Market Impact: Limited to participants in the Octaware Technologies Limited takeover acquisition. The revision extends the settlement timeline by approximately one week from the original schedule.

Operational Impact: Members and Custodians involved in this specific takeover must adjust their settlement operations to accommodate the revised dates. The requirement to use Early Pay-in mechanism ensures smooth delivery of shares.

Member Action Required: Members participating in this acquisition must update their settlement schedules, ensure proper delivery through Early Pay-in mechanism, and verify client-wise stamp duty charges. Contact points provided: ICCL Help Desk at 022-69158590/45720490/45720690 or iccl.helpdesk@icclindia.com for clarifications.

Impact Justification

Revision affects settlement timeline for ongoing takeover process of specific company; impacts members and custodians participating in the acquisition window