Description

BSE announces the schedule of activities for the buyback of up to 6,25,000 equity shares of ECLERX SERVICES LTD at Rs. 4,800 per share, scheduled from December 22-29, 2025.

Summary

BSE has announced the detailed schedule for the Offer to Buy – Acquisition Window (Buyback) for ECLERX SERVICES LTD. The buyback will be conducted from December 22, 2025, to December 29, 2025, offering to purchase up to 6,25,000 equity shares at Rs. 4,800 per share. Trading members and custodian members are requested to note the operational timings and procedures for bid submission, modification, and cancellation during the offer period.

Key Points

  • Security Details: ECLERX SERVICES LTD (Symbol: ECLERX, ISIN: INE738I01010, Scrip Code: 532927)
  • Offer Size: Up to 6,25,000 equity shares
  • Offer Price: Rs. 4,800 per share
  • Face Value: Rs. 10.00 per share
  • Market Lot: 1 share
  • Offer Period: December 22, 2025 (Monday) to December 29, 2025 (Monday)
  • Trading Members: Can bid for investors having shares in demat form only
  • UCC Registration: Members must ensure UCC is registered with correct PAN and category

Regulatory Changes

No new regulatory changes introduced. This circular provides operational instructions following existing OTB framework as per Exchange Notices No. 20150930-1 (September 30, 2015) and No. 20170203-29 (February 3, 2017).

Compliance Requirements

  • Trading Members and Custodians: Must follow the prescribed schedule for bid offering, modification, cancellation, give-up, and take-up activities
  • UCC Database: Trading members must ensure investor UCC is registered/updated with correct PAN Number and Category
  • Demat Requirement: Only shares held in demat form are eligible for bidding
  • Platform Access: Members must use designated URLs (iBBS, RTRMS, Extranet) for submitting bids and accessing files
  • File Availability: Acceptance files on Extranet will be available only after confirmation from Merchant Banker/RTA post-issue closure

Important Dates

  • Opening Date: Monday, December 22, 2025
  • Closing Date: Monday, December 29, 2025
  • Bid Offering Period: December 22-29, 2025 (9:15 AM to 3:30 PM)
  • Bid Modification/Cancellation: December 22-29, 2025 (9:15 AM to 3:30 PM)
  • Give-up/Take-up Period: December 22-28, 2025 (9:15 AM to 3:30 PM)
  • Give-up (Last Day): December 29, 2025 (9:15 AM to 3:30 PM)
  • Take-up (Last Day): December 29, 2025 (9:15 AM to 4:00 PM)

Impact Assessment

Market Impact: Medium - This is a company-specific buyback affecting ECLERX shareholders. The buyback of up to 6,25,000 shares at Rs. 4,800 per share represents a total consideration of up to Rs. 300 crore, which may impact the stock’s liquidity and price during the offer period.

Operational Impact: Trading members and custodians handling ECLERX shares must coordinate bid submissions within the specified timelines. The eight-day offer window provides adequate time for investor participation across multiple categories (FII, FI, MF, IC, QIB, Company, Individual).

Investor Categories: The circular specifies nine investor categories eligible to participate: Foreign Institutional Buyers (FII), Financial Institutions (FI), Mutual Funds (MF), Insurance Companies (IC), Other QIBs (OTH), Other NIB (NOH), Company (CO), and Individual (IND) investors.

Technical Requirements: Members must ensure proper access to iBBS platform, RTRMS, and Extranet via both internet and leased line connections. Support contacts are provided for login ID creation and password resets.

Impact Justification

Company-specific buyback offer with defined schedule and operational requirements for trading members and investors holding ECLERX shares