Description

BSE announces the schedule of activities for the buyback offer of Morganite Crucible India Ltd shares from December 31, 2025 to January 13, 2026 at Rs. 1557.15 per share for up to 14,00,000 equity shares.

Summary

BSE has announced the schedule for the Offer to Buy (Buyback) of shares of Morganite Crucible India Ltd. The buyback window will be open from December 31, 2025 to January 13, 2026. The company is offering to buy back up to 14,00,000 equity shares at Rs. 1557.15 per share through the acquisition window mechanism on the BSE platform.

Key Points

  • Security: Morganite Crucible India Ltd (ISIN: INE599F01020, Scrip Code: 523160)
  • Offer size: Up to 14,00,000 equity shares
  • Offer price: Rs. 1557.15 per share
  • Face value: Rs. 5.00
  • Market lot: 1
  • Opening date: Wednesday, December 31, 2025
  • Closing date: Tuesday, January 13, 2026
  • Bid offering period: 9:15 AM to 3:30 PM daily
  • Only investors holding shares in demat form can participate
  • Trading members must ensure UCC registration with correct PAN and category

Regulatory Changes

No regulatory changes. This is an operational circular providing details of a specific corporate action (buyback) using the existing acquisition window framework.

Compliance Requirements

  • Trading members and custodian members must note the activity schedule
  • Trading members must ensure investor UCC is registered/updated with correct PAN number and category in the Exchange UCC database
  • Trading members can only bid for investors having shares in demat form
  • Members must use designated URLs for accessing iBBS, RTRMS, and Extranet platforms
  • Operational instructions per Exchange Notices 20150930-1 and 20170203-29 must be followed

Important Dates

  • December 31, 2025: Buyback offer opens; bid offering, give-up/take-up period begins (9:15 AM - 3:30 PM)
  • January 1-12, 2026: Bid offering and give-up/take-up period continues (9:15 AM - 3:30 PM daily)
  • January 13, 2026: Last day of offer
    • Give-up period: 9:15 AM - 3:30 PM
    • Take-up period: 9:15 AM - 4:00 PM (extended by 30 minutes)
    • Buyback offer closes

Impact Assessment

Market Impact: Limited to shareholders of Morganite Crucible India Ltd. The buyback of up to 14,00,000 shares at Rs. 1557.15 per share represents a total consideration of approximately Rs. 218 crores, which may provide liquidity to existing shareholders.

Operational Impact: Trading members and custodians need to facilitate client participation through the designated BSE platforms (iBBS and RTRMS). Files for acceptance of bids will be available on Extranet after issue closure upon confirmation from the Merchant Banker/RTA.

Investor Categories: The buyback is open to multiple investor categories including FII, Financial Institutions, Mutual Funds, Insurance Companies, Other QIBs, Companies, and Individual investors, ensuring broad participation.

Contact Support: Detailed contact information provided for technical support on login IDs, password resets, and OTB module queries to ensure smooth operations during the buyback period.

Impact Justification

Important for shareholders of Morganite Crucible India Ltd who may wish to tender shares in the buyback. Limited broader market impact as it affects only one company.