Description
Settlement calendar and procedures for the takeover offer to buy acquisition window for Filtron Engineers Limited, conducting from December 24, 2025 to January 7, 2026.
Summary
BSE has announced the settlement schedule for the Offer to Buy - Acquisition Window (Takeover) for Filtron Engineers Limited. The bidding window will be open from December 24, 2025 to January 7, 2026, with settlement number 2025135. Obligation download is scheduled for January 15, 2026, and final settlement on January 16, 2026.
Key Points
- Settlement Type: Takeover
- Settlement Number: 2025135
- Bid Start Date: December 24, 2025
- Bid End Date: January 7, 2026
- Obligation Download: January 15, 2026
- Settlement Date: January 16, 2026
- Demat shares must be delivered through Early Pay-in of Shares mechanism only
- Market Type “(Takeover)” and settlement number 2025135 must be used 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
Regulatory Changes
No new regulatory changes introduced. The circular follows the Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange as per 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
- Members/Custodians: Must complete early pay-in process in depository system sufficiently in advance before BSE OTB bidding window closure
- Members/Custodians: Must use Market Type “(Takeover)” and settlement number 2025135 in depository system
- Members: Should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
- Participants: Must ensure proper timing of early pay-in to meet BSE OTB platform deadlines for bid placement and confirmation
Important Dates
| Event | Date |
|---|---|
| Bidding Window Opens | December 24, 2025 |
| Bidding Window Closes | January 7, 2026 |
| Obligation Download | January 15, 2026 |
| Final Settlement Date | January 16, 2026 |
Impact Assessment
Market Impact: Medium - affects only shareholders and trading members involved in the Filtron Engineers Limited takeover process.
Operational Impact: Members and custodians must coordinate early pay-in of demat shares with proper settlement number tagging to ensure smooth processing of the takeover offer. The extended bidding window of approximately two weeks provides adequate time for participants to complete the necessary procedures. Failure to complete early pay-in within prescribed timelines may result in bids not being accepted or confirmed on the BSE OTB platform.
Contact Support: Members and custodians requiring assistance can contact ICCL Help Desk at 022-69158590/45720490/45720690 or email iccl.helpdesk@icclindia.com.
Impact Justification
Company-specific takeover settlement procedure with defined timelines affecting shareholders and trading members of Filtron Engineers Limited