Description

Settlement calendar and procedures for the takeover offer to buy acquisition window for Morganite Crucible India Ltd., scheduled from December 31, 2025 to January 13, 2026.

Summary

BSE has announced the settlement calendar and procedures for the Offer to Buy – Acquisition Window (Takeover) for MORGANITE CRUCIBLE INDIA LTD. The bidding window will be open from December 31, 2025 to January 13, 2026, with settlement number 2025137. Obligation download is scheduled for January 27, 2026, and final settlement on January 28, 2026.

Key Points

  • Settlement Type: Takeover (Settlement No. 2025137)
  • Bid Start Date: December 31, 2025
  • Bid End Date: January 13, 2026
  • Obligation Download Date: January 27, 2026
  • Settlement Date: January 28, 2026
  • Demat shares must be delivered through Early Pay-in of Shares mechanism only
  • Market Type “(Takeover)” to be used in depository system
  • Members and Custodians NOT required to upload EPN file
  • Securities will be earmarked/blocked in clients’ accounts in requisite market type and settlement number

Regulatory Changes

No new regulatory changes. This 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

For Members/Custodians:

  • Use Early Pay-in of Shares mechanism available in both depositories (CDSL & NSDL)
  • Ensure Market Type “(Takeover)” and Settlement No. 2025137 are used in depository system
  • Complete early pay-in process sufficiently in advance before BSE OTB Bidding window closure
  • Ensure effect of early pay-in is reflected in BSE/ICCL systems before prescribed timelines for accepting/confirming bids
  • Refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges

For Participants:

  • Early pay-in securities will be earmarked/blocked in clients’ account
  • No EPN file upload required

Important Dates

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

Impact Assessment

Market Impact: Medium - Affects shareholders of Morganite Crucible India Ltd. participating in the takeover offer during the specified acquisition window.

Operational Impact: Medium - Members and Custodians must ensure timely early pay-in of demat shares and proper use of market type and settlement number in depository systems. Proper coordination required between BSE OTB platform and depository systems.

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

Impact Justification

Specific to Morganite Crucible India Ltd. takeover proceedings with defined settlement procedures affecting shareholders and market participants during the acquisition window period.