Description
Revised settlement calendar for the acquisition window (takeover) of Octaware Technologies Limited, with updated 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 bidding period ran from November 28, 2025 to December 11, 2025, with the revised obligation download date set for December 17, 2025 and settlement date for December 18, 2025. This supersedes the earlier notice dated November 27, 2025.
Key Points
- Settlement Type: Takeover
- Settlement Number: 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 through Early Pay-in of Shares mechanism only
- Market Type “Takeover” and Settlement No. 2025129 must be used in depository system
- Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
Regulatory Changes
No new regulatory changes introduced. This circular provides revised settlement dates for an ongoing takeover process following established guidelines for acquisition of shares through stock exchange mechanism as per Notice No. 20200528-32 dated May 28, 2020.
Compliance Requirements
- Members and custodians must deliver demat shares exclusively through the Early Pay-in of Shares mechanism available in both depositories
- Market Type “Takeover” and Settlement No. 2025129 must be specified in the depository system along with other details
- Members must refer to the MBRSTD_OTB_CM_mmm_SettNo file for applicable client-wise stamp duty charges
- Members and custodians should follow revised guidelines for acquisition of shares through stock exchange as per earlier circulars
Important Dates
| Event | Date |
|---|---|
| Bid Start Date | November 28, 2025 |
| Bid End Date | December 11, 2025 |
| Revised Obligation Download | December 17, 2025 |
| Revised Settlement Date | December 18, 2025 |
Impact Assessment
This revised settlement schedule impacts members, custodians, and shareholders participating in the Octaware Technologies Limited takeover offer. The revision extends the obligation download and settlement dates, providing additional time for processing. Stakeholders must ensure compliance with early pay-in requirements and proper depository system entries. The impact is limited to participants in this specific acquisition window and does not affect broader market operations. For queries, affected parties can contact ICCL Help Desk at 022-69158590/45720490/45720690 or iccl.helpdesk@icclindia.com.
Impact Justification
Revised settlement dates for a specific takeover offer affecting shareholders and custodians dealing with Octaware Technologies. Limited to participants in this specific acquisition window.