Description

BSE announces the schedule for Shentracon Chemicals Limited's buyback offer through Acquisition Window, open from January 12-23, 2026, offering to buy up to 16,514,290 equity shares at Rs. 0.50 per share.

Summary

BSE has announced the detailed schedule for the Offer to Buy – Acquisition Window (Buyback) for SHENTRACON CHEMICALS LIMITED. The buyback offer will be open from Monday, January 12, 2026, to Friday, January 23, 2026. The company proposes to buy back up to 16,514,290 equity shares at an offer price of Rs. 0.50 per share. Trading members and custodian members can participate through the OTB module on the iBBS platform during specified session timings.

Key Points

  • Security Name: SHENTRACON CHEMICALS LIMITED (Symbol: SHENTRA, Scrip Code: 530757)
  • ISIN: INE0OUS01011
  • Offer Size: Up to 16,514,290 equity shares
  • Offer Price: Rs. 0.50 per share
  • Face Value: Rs. 10.00
  • Market Lot: 1
  • Bid Offering Period: January 12-23, 2026 (9:15 AM to 3:30 PM)
  • Give-up/Take-up Period: January 12-23, 2026 (9:15 AM to 3:30 PM)
  • Last Day Give-up: January 22, 2026 (9:15 AM to 3:30 PM)
  • Last Day Take-up: January 22, 2026 (9:15 AM to 4:00 PM)
  • Platform Access: iBBS (Internet: https://ibbs.bseindia.com/, Leased Line: https://ibbsll.bseindia.com/)

Regulatory Changes

No new regulatory changes introduced. This circular implements existing OTB (Offer to Buy) framework as per Exchange Notices 20150930-1 (September 30, 2015) and 20170203-29 (February 3, 2017).

Compliance Requirements

  • Trading Members: Must ensure investor UCC is registered/updated with correct PAN Number and Category in Exchange UCC database
  • Eligibility: Trading members can only bid for investors having shares in demat form
  • Platform Requirements: Members must use iBBS platform for bid submission and RTRMS for related activities
  • Categories Available: FII (Foreign Institutional Buyer), FI (Financial Institution), MF (Mutual Fund), IC (Insurance Companies), OTH (Other QIBs), NOH (Other NIB), CO (Company), IND (Individual)
  • File Access: Members and custodians can access acceptance files on Extranet after confirmation from Merchant Banker/RTA post-issue closure
  • Note: If no securities are accepted, no End of Issue files will be generated

Important Dates

  • Opening Date: Monday, January 12, 2026
  • Closing Date: Friday, January 23, 2026
  • Bid Offering Period: January 12-23, 2026 (9:15 AM - 3:30 PM daily)
  • Give-up/Take-up Period: January 12-23, 2026 (9:15 AM - 3:30 PM daily)
  • Last Day for Give-up: January 22, 2026 (9:15 AM - 3:30 PM)
  • Last Day for Take-up: January 22, 2026 (9:15 AM - 4:00 PM)
  • Notice Date: January 8, 2026

Impact Assessment

Market Impact: Medium impact limited to Shentracon Chemicals shareholders. The buyback at Rs. 0.50 per share (against face value of Rs. 10.00) indicates significant discount, suggesting potential delisting or consolidation activity. The offer size of 16.5 million shares represents a substantial portion that could impact trading volumes.

Operational Impact: Trading members need to ensure their systems and UCC databases are updated for participating clients. Members must be familiar with iBBS/RTRMS platforms and ensure proper login credentials are active before the offer opening date.

Investor Impact: Eligible shareholders holding Shentracon Chemicals shares in demat form can participate through their trading members. The 12-day offer window provides adequate time for decision-making. Investors should note the significantly discounted offer price relative to face value.

Contact Support: BSE has provided comprehensive contact details for technical support (Trading Operations: 022-22728005, user.trdops@bseindia.com) and specific personnel for OTB module queries.

Impact Justification

Corporate action affecting Shentracon Chemicals shareholders with specific buyback opportunity at Rs. 0.50 per share for up to 16.5 crore shares