Description
Settlement calendar for takeover offer to buy shares of Shentracon Chemicals Limited through acquisition window from January 12 to January 23, 2026.
Summary
BSE has announced the settlement calendar for the Offer to Buy shares of SHENTRACON CHEMICALS LIMITED through the Acquisition Window (Takeover) mechanism. The bidding window will be open from January 12, 2026 to January 23, 2026, with obligation download on February 6, 2026 and final settlement on February 9, 2026. All demat shares must be delivered through the Early Pay-in of Shares mechanism available in both depositories.
Key Points
- Settlement Type: Takeover
- Settlement Number: 2026004
- Bid Start Date: January 12, 2026
- Bid End Date: January 23, 2026
- Obligation Download Date: February 6, 2026
- Settlement Date: February 9, 2026
- Company: SHENTRACON CHEMICALS LIMITED
- Market Type designation: “Takeover”
Regulatory Changes
No new regulatory changes introduced. This circular implements the existing framework as per Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange (Notice No.20200528-32 dated May 28, 2020).
Compliance Requirements
- Members/Custodians: Must deliver demat shares only through Early Pay-in of Shares mechanism available in both CDSL and NSDL depositories
- Market Type: Members/Custodians must use Market Type “Takeover” and Settlement No. 2026004 in the depository system
- Timing: Participants must ensure early pay-in of securities is reflected in BSE/ICCL systems before prescribed timelines for accepting/confirming bids on BSE OTB platform
- Process: Complete early pay-in process sufficiently in advance before BSE OTB bidding window closure
- Securities Handling: CDSL & NSDL early pay-in securities will be earmarked/blocked in client accounts with requisite market type and settlement number
- EPN File: Members & Custodians are NOT required to upload any EPN file
- Stamp Duty: Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
Important Dates
| Event | Date |
|---|---|
| Bid Start Date | January 12, 2026 |
| Bid End Date | January 23, 2026 |
| Obligation Download | February 6, 2026 |
| Settlement Date | February 9, 2026 |
Impact Assessment
Market Impact: Medium - This affects shareholders of Shentracon Chemicals Limited who wish to participate in the takeover offer. The structured timeline provides clarity for all participants.
Operational Impact: Medium - Brokers, custodians, and clearing members handling Shentracon Chemicals shares need to ensure compliance with early pay-in requirements and proper use of settlement numbers in depository systems.
Investor Impact: Medium - Shareholders interested in tendering shares in the takeover must work with their brokers to ensure timely delivery through the early pay-in mechanism within the specified bidding window.
Contact Information: For clarifications, members and custodians can contact ICCL Help Desk at 022-69158590/45720490/45720690 or email iccl.helpdesk@icclindia.com
Impact Justification
Medium importance as it affects specific takeover transaction timing and settlement procedures for Shentracon Chemicals shareholders and brokers involved in the acquisition process.