Description

Settlement calendar and early pay-in procedures for acquisition of shares through Stock Exchange for SANMITRA COMMERCIAL LIMITED takeover, scheduled from January 6-19, 2026.

Summary

BSE has announced the settlement schedule for the Offer to Buy - Acquisition Window (Takeover) for SANMITRA COMMERCIAL LIMITED. The takeover bidding window will operate from January 6-19, 2026, with settlement number 2026002. Obligation download is scheduled for January 22, 2026, and final settlement on January 23, 2026.

Key Points

  • Settlement Type: Takeover
  • Settlement Number: 2026002
  • Bid Period: January 6-19, 2026
  • Demat shares must be delivered through Early Pay-in mechanism only
  • Both CDSL and NSDL depositories will earmark/block securities in client accounts
  • No EPN file upload required by members and custodians
  • Market Type designation: “(Takeover)” to be used in depository system
  • Members should refer to Notice No.20200528-32 dated May 28, 2020 for revised guidelines

Regulatory Changes

No new regulatory changes. This circular implements existing revised guidelines for acquisition of shares through Stock Exchange as per Notice No.20200528-32 dated May 28, 2020.

Compliance Requirements

  • Members/Custodians must deliver demat shares exclusively through Early Pay-in of Shares mechanism available in both depositories
  • Market Type “(Takeover)” and Settlement No. 2026002 must be specified in depository system transactions
  • Early pay-in securities must be completed sufficiently in advance to reflect in BSE/ICCL systems before bidding closure
  • Securities will be automatically earmarked/blocked in client accounts in requisite market type and settlement number
  • Members must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
  • Participants must ensure early pay-in effect is reflected before prescribed timelines for bid acceptance/confirmation

Important Dates

  • Bid Start Date: January 6, 2026
  • Bid End Date: January 19, 2026
  • Obligation Download: January 22, 2026
  • Settlement Date: January 23, 2026

Impact Assessment

This takeover offer affects shareholders of SANMITRA COMMERCIAL LIMITED and members/custodians facilitating the acquisition. The 14-day bidding window provides adequate time for participation. The mandatory early pay-in mechanism ensures settlement certainty and reduces counter-party risk. Members and custodians need to coordinate timing of early pay-in submissions to meet BSE OTB platform deadlines for bid placement and confirmation. For assistance, ICCL Help Desk is available at 022-69158590/45720490/45720690 or iccl.helpdesk@icclindia.com.

Impact Justification

Affects shareholders and custodians participating in the takeover offer for SANMITRA COMMERCIAL LIMITED with specific settlement procedures and timelines