Description

BSE announces the schedule for Offer to Buy (Acquisition Window/Takeover) of FILTRON ENGINEERS LTD shares from December 24, 2025 to January 7, 2026, offering up to 1,65,14,290 equity shares at Rs. 10.00 per share.

Summary

BSE has announced the complete schedule for an Offer to Buy – Acquisition Window (Takeover) for FILTRON ENGINEERS LTD. The offer will be conducted from December 24, 2025 to January 7, 2026, targeting up to 1,65,14,290 equity shares at an offer price of Rs. 10.00 per share (face value Rs. 10.00). Trading members and custodian members can participate through the iBBS platform and RTRMS system during specified session timings.

Key Points

  • Security Details: FILTRON ENGINEERS LTD (Symbol: FILTRON, ISIN: INE589N01017, Scrip Code: 531191)
  • Offer Size: Up to 1,65,14,290 equity shares
  • Offer Price: Rs. 10.00 per share (equal to face value)
  • Market Lot: 1 share
  • Offer Period: December 24, 2025 to January 7, 2026
  • Bid Offering Hours: 9:15 AM to 3:30 PM daily
  • Give-up/Take-up Hours: 9:15 AM to 3:30 PM (last day give-up until 3:30 PM, last day take-up until 4:00 PM on January 6, 2026)
  • Eligible Categories: FII, Financial Institutions, Mutual Funds, Insurance Companies, Other QIBs, Other NIB, Company, Individual
  • Platform Access: iBBS (Internet/Leased Line), RTRMS (Internet/Leased Line), Extranet for Members & Custodians

Regulatory Changes

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

Compliance Requirements

  • Trading Members: Must ensure investor UCC is registered/updated with correct PAN Number and Category in Exchange UCC database
  • Eligibility: Trading members can only bid for investors having shares in demat form
  • Platform Requirements: Members must have active login credentials for iBBS, RTRMS, and Extranet systems
  • Leased Line Access: Members using leased line URLs should refer to Exchange Circular 20170503-12 for setup details
  • File Availability: End of Issue files on Extranet will only be generated if securities are accepted (confirmation from Merchant Banker/RTA required)

Important Dates

  • Opening Date: Wednesday, December 24, 2025
  • Closing Date: Wednesday, January 7, 2026
  • Bid Offering Period: December 24, 2025 to January 7, 2026 (9:15 AM - 3:30 PM)
  • Give-up Period: December 24, 2025 to January 7, 2026 (9:15 AM - 3:30 PM)
  • Last Day Give-up: January 6, 2026 (9:15 AM - 3:30 PM)
  • Last Day Take-up: January 6, 2026 (9:15 AM - 4:00 PM)

Impact Assessment

Market Impact: Low - This is a company-specific corporate action affecting only FILTRON ENGINEERS LTD shareholders. The offer targets existing shareholders through an acquisition window mechanism.

Operational Impact: Medium for participating members - Trading members and custodians facilitating client participation will need to ensure system access, UCC database accuracy, and adherence to bidding timelines. Contact points provided for technical support (Trading Operations: 022-22728005, user.trdops@bseindia.com).

Investor Impact: Relevant only to FILTRON ENGINEERS LTD shareholders who hold shares in demat form and wish to tender their shares at the Rs. 10.00 offer price during the specified 15-day window.

Impact Justification

Company-specific takeover offer with limited market-wide impact, relevant primarily to FILTRON ENGINEERS LTD shareholders and participating trading members