Description

Settlement calendar for acquisition window takeover of Morganite Crucible India Ltd to be conducted from December 31, 2025 to January 13, 2026.

Summary

BSE has issued the settlement calendar for the Offer to Buy through Acquisition Window (Takeover) for MORGANITE CRUCIBLE INDIA LTD. The takeover bidding process will run from December 31, 2025 to January 13, 2026, with settlement number 2025137. Demat shares must be delivered exclusively through the Early Pay-in mechanism available in both depositories.

Key Points

  • Settlement Type: Takeover
  • Settlement Number: 2025137
  • Bid Period: December 31, 2025 to January 13, 2026
  • Obligation Download: January 27, 2026
  • Settlement Date: January 28, 2026
  • Mandatory use of Early Pay-in of Shares mechanism for demat share delivery
  • Market Type “Takeover” must be specified in depository system
  • CDSL & NSDL will earmark/block securities in client accounts
  • 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 introduced. The circular references existing guidelines per Notice No.20200528-32 dated May 28, 2020 regarding the Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange.

Compliance Requirements

  • Members/Custodians must deliver demat shares only through Early Pay-in mechanism
  • Participants must complete early pay-in process sufficiently in advance before BSE OTB bidding window closure
  • Effect of early pay-in must be reflected in BSE/ICCL systems before prescribed timelines for bid acceptance/confirmation
  • Market Type “Takeover” and Settlement No. 2025137 must be used in depository system
  • Members must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges

Important Dates

  • December 31, 2025: Bid Start Date
  • January 13, 2026: Bid End Date
  • January 27, 2026: Obligation Download Date
  • January 28, 2026: Settlement Date

Impact Assessment

This circular impacts shareholders of Morganite Crucible India Ltd who wish to participate in the takeover offer, as well as brokers, custodians, and clearing members facilitating the acquisition. The mandatory early pay-in requirement ensures orderly settlement and reduces risk. The 14-day bidding window provides adequate time for shareholders to tender their shares. Market participants must ensure timely coordination with depositories to meet the early pay-in deadlines to avoid rejection of bids.

Impact Justification

Specific to single company takeover process with defined settlement schedule affecting shareholders and market participants dealing with Morganite Crucible India Ltd shares