Description

Settlement calendar for the takeover offer to buy acquisition window for Filtron Engineers Limited, to be conducted from December 24, 2025 to January 7, 2026.

Summary

BSE has announced the settlement calendar for the Offer to Buy – Acquisition Window (Takeover) for Filtron Engineers Limited. The acquisition window will be conducted from December 24, 2025 to January 7, 2026, with settlement number 2025135. The obligation download date is January 15, 2026, and the settlement date is January 16, 2026.

Key Points

  • Takeover settlement number: 2025135
  • Bid period: December 24, 2025 to January 7, 2026
  • Demat shares must be delivered only through Early Pay-in of Shares mechanism available in both depositories
  • Market Type “Takeover” and settlement number 2025135 must be used by Members/Custodians in the depository system
  • CDSL & NSDL early pay-in securities will be earmarked/blocked in clients’ accounts in requisite market type and settlement number
  • Members and Custodians are NOT required to upload any EPN file
  • Client-wise stamp duty charges available in MBRSTD_OTB_CM_mmm_SettNo file

Regulatory Changes

No new regulatory changes introduced. This circular provides implementation details under the existing 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 on BSE OTB platform
  • Complete the process of early pay-in of securities in the Depository system sufficiently in advance before the prescribed timelines for:
    • Closure of BSE OTB Bidding window for placing bids by members
    • Confirmation window for confirming bids by Custodians
  • Use correct Market Type “Takeover” and settlement number 2025135 in depository system
  • Refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges

Important Dates

  • Bid Start Date: December 24, 2025
  • Bid End Date: January 7, 2026
  • Obligation Download Date: January 15, 2026
  • Settlement Date: January 16, 2026

Impact Assessment

Operational Impact: Medium - Members and custodians dealing with Filtron Engineers Limited shares need to coordinate early pay-in procedures and ensure timely completion before bidding deadlines. The automatic earmarking/blocking mechanism in CDSL & NSDL simplifies the process by eliminating the need for EPN file uploads.

Market Impact: Medium - Affects shareholders of Filtron Engineers Limited who wish to participate in the takeover acquisition window during the 15-day bidding period. Proper coordination required between members, custodians, and depositories to ensure smooth settlement.

Contact Information: For clarifications, contact ICCL Help Desk at 022-69158590/45720490/45720690 or email iccl.helpdesk@icclindia.com

Impact Justification

Specific settlement schedule for takeover acquisition window affecting shareholders and members dealing with Filtron Engineers Limited shares during the specified period