Description

Settlement calendar for the takeover offer of Filtron Engineers Limited through acquisition window, running from December 24, 2025 to January 7, 2026.

Summary

BSE has announced the settlement calendar for the Offer to Buy through Acquisition Window (Takeover) for FILTRON ENGINEERS LIMITED. The takeover bidding window will operate from December 24, 2025 to January 7, 2026, with settlement number 2025135. The obligation download date is January 15, 2026, and final settlement date is January 16, 2026.

Key Points

  • Settlement Type: Takeover (Settlement No. 2025135)
  • Bidding Period: December 24, 2025 to January 7, 2026
  • Obligation Download Date: January 15, 2026
  • Settlement Date: January 16, 2026
  • Demat shares must be delivered only through Early Pay-in of Shares mechanism available in both depositories
  • Members/Custodians must use Market Type “(Takeover)” and settlement No. 2025135 in the depository system
  • Securities will be earmarked/blocked in clients’ accounts in requisite market type and settlement number
  • No EPN file upload required by Members & Custodians
  • Stamp duty charges available in MBRSTD_OTB_CM_mmm_SettNo file

Regulatory Changes

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

Compliance Requirements

  • Members/Custodians: Must complete early pay-in of securities in the Depository system sufficiently in advance before prescribed timelines
  • Members/Custodians: Must ensure effect of early pay-in is reflected in BSE/ICCL systems before deadline for accepting/confirming bids
  • Members/Custodians: Must use correct Market Type “(Takeover)” and settlement No. 2025135 in depository system
  • Members: Should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
  • Participants: Must complete early pay-in process before closure of BSE OTB Bidding window and confirmation window

Important Dates

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

Impact Assessment

Market Impact: Medium - This takeover offer affects shareholders of Filtron Engineers Limited who may wish to tender their shares during the acquisition window.

Operational Impact: Trading members and custodians participating in the takeover must ensure timely early pay-in of securities and proper use of settlement mechanisms. The 15-day bidding window provides adequate time for shareholders to participate.

Investor Impact: Shareholders of Filtron Engineers Limited have an opportunity to tender shares through the stock exchange acquisition window mechanism during the specified period. They must work with their brokers/members to complete the early pay-in process in time.

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

Impact Justification

Takeover offer settlement schedule for a specific company affecting shareholders and trading members participating in the acquisition window