Description
Settlement calendar for ECLERX SERVICES LTD buyback through acquisition window to be conducted from December 22-29, 2025 with settlement on January 2, 2026.
Summary
BSE has announced the settlement calendar for the buyback of ECLERX SERVICES LTD through the Offer to Buy – Acquisition Window mechanism. The bidding window will operate from December 22-29, 2025 (Settlement No. 2025132), with obligation download on January 1, 2026 and final settlement on January 2, 2026. Members and custodians must deliver demat shares through the Early Pay-in of Shares mechanism available in both depositories.
Key Points
- Settlement Type: Buyback (Settlement No. 2025132)
- Bid Start Date: December 22, 2025
- Bid End Date: December 29, 2025
- Obligation Download: January 1, 2026
- Settlement Date: January 2, 2026
- Demat shares must be delivered only through Early Pay-in mechanism
- Market Type “Buyback” and settlement number 2025132 required in depository system
- CDSL & NSDL early pay-in securities will be earmarked/blocked in client accounts
- No EPN file upload required by members and custodians
- Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
Regulatory Changes
No new regulatory changes. This circular implements the existing 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 deliver demat shares only through Early Pay-in of Shares mechanism available in both depositories
- Members/Custodians: Must use Market Type “Buyback” and settlement number 2025132 in the depository system along with other details
- Participants: Must ensure effect of early pay-in of securities is reflected in BSE/ICCL systems before prescribed timelines for accepting/confirming bids
- Participants: Must complete early pay-in process in depository system sufficiently in advance before closure of BSE OTB Bidding window
- Members: Should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
- CDSL & NSDL early pay-in securities will be automatically earmarked/blocked in client accounts in requisite market type and settlement number
- No EPN file upload required
Important Dates
- December 19, 2025: Circular issued
- December 22, 2025: Bid start date for buyback
- December 29, 2025: Bid end date for buyback
- January 1, 2026: Obligation download date
- January 2, 2026: Final settlement date
Impact Assessment
Market Impact: Medium - This buyback affects only ECLERX SERVICES LTD shareholders and will temporarily impact trading activity during the acquisition window period.
Operational Impact: Medium - Trading members and custodians handling ECLERX shares must ensure compliance with early pay-in requirements and correct use of settlement number 2025132 in depository systems. The automatic earmarking/blocking mechanism in CDSL & NSDL simplifies the process by eliminating EPN file uploads.
Investor Impact: Medium - Shareholders of ECLERX SERVICES LTD wishing to participate in the buyback must coordinate with their brokers/custodians to ensure timely delivery of shares through the early pay-in mechanism before bid confirmation deadlines.
Contact: For clarifications, members and custodians can contact ICCL Help Desk at 022-69158590/45720490/45720690 or email iccl.helpdesk@icclindia.com
Impact Justification
Company-specific buyback settlement schedule affecting shareholders and trading members of ECLERX SERVICES LTD only, with defined timelines and procedural requirements