Description

Settlement calendar for ECLERX SERVICES LTD buyback through acquisition window from December 22-29, 2025 with settlement on January 2, 2026.

Summary

BSE has announced the settlement schedule for the buyback of ECLERX SERVICES LTD shares through the Offer to Buy - Acquisition Window mechanism. The bidding window will operate from December 22-29, 2025, with obligation download on January 1, 2026 and final settlement on January 2, 2026 under settlement number 2025132.

Key Points

  • Settlement Type: Buyback (Acquisition Window)
  • Settlement Number: 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 available in both depositories
  • Market Type “Buyback” and settlement number 2025132 must be used in depository systems
  • Securities will be earmarked/blocked in client accounts in requisite market type and settlement number
  • No EPN file upload required from Members & Custodians

Regulatory Changes

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

Compliance Requirements

  • Members/Custodians: Must ensure early pay-in of securities is reflected in BSE/ICCL systems before prescribed timelines for accepting/confirming bids
  • Depositories (CDSL & NSDL): Early pay-in securities will be automatically earmarked/blocked in client accounts
  • Members: Must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
  • Timing: Complete depository early pay-in process sufficiently in advance before BSE OTB bidding window closure and custodian confirmation window deadlines

Important Dates

  • December 22, 2025: Bidding window opens
  • December 29, 2025: Bidding window closes
  • January 1, 2026: Obligation download date
  • January 2, 2026: Final settlement date

Impact Assessment

Market Impact: Medium - Limited to ECLERX shareholders and participants in the buyback process.

Operational Impact: Medium - Members and custodians must coordinate early pay-in of demat shares through depository systems with strict timeline adherence to ensure bid acceptance. The automatic earmarking/blocking of securities in client accounts streamlines the process but requires advance planning to meet BSE OTB platform deadlines.

Investor Impact: Shareholders of ECLERX SERVICES LTD wishing to participate in the buyback must ensure their demat shares are delivered through their members/custodians within the specified timeline.

Support Contact: ICCL Help Desk available at 022-69158590/45720490/45720690 or iccl.helpdesk@icclindia.com for clarifications.

Impact Justification

Specific to ECLERX shareholders participating in buyback; operational requirements for members and custodians with defined settlement schedule