Description

Settlement calendar for takeover bid of ESHA MEDIA RESEARCH LIMITED through Acquisition Window mechanism from January 13-27, 2026, with settlement on February 10, 2026.

Summary

BSE has announced the settlement schedule for the Offer to Buy through Acquisition Window (Takeover) for ESHA MEDIA RESEARCH LIMITED. The bidding window will operate from January 13, 2026 to January 27, 2026, with obligation download on February 9, 2026 and final settlement on February 10, 2026. The settlement is designated as Settlement No. 2026006.

Key Points

  • Settlement Type: Takeover (Acquisition Window)
  • Settlement Number: 2026006
  • Bidding Period: January 13, 2026 to January 27, 2026
  • Target Company: ESHA MEDIA RESEARCH LIMITED
  • Demat shares must be delivered exclusively through Early Pay-in of Shares mechanism
  • Available through both CDSL and NSDL depositories
  • Members must specify Market Type “Takeover” and Settlement No. 2026006 in depository system
  • Securities will be earmarked/blocked in client accounts under requisite market type and settlement number
  • No EPN file upload required for this process

Regulatory Changes

Members and Custodians should refer to Notice No. 20200528-32 dated May 28, 2020 regarding settlement procedures as per Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange.

Compliance Requirements

  • Members/Custodians: Must ensure early pay-in of securities reflects in BSE/ICCL systems before prescribed timelines for accepting/confirming bids on BSE OTB platform
  • Timing: Complete early pay-in process in Depository system sufficiently in advance before BSE OTB Bidding window closure for bid placement by members and confirmation window for custodians
  • Client-wise Stamp Duty: Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
  • Support: Contact relationship managers or ICCL Help Desk (022-69158590/45720490/45720690 or iccl.helpdesk@icclindia.com) for clarifications

Important Dates

  • January 13, 2026: Bid Start Date
  • January 27, 2026: Bid End Date
  • February 9, 2026: Obligation Download
  • February 10, 2026: Settlement Date

Impact Assessment

This takeover offer through the acquisition window mechanism impacts shareholders of ESHA MEDIA RESEARCH LIMITED who wish to tender their shares. Trading members and custodians handling client demat shares must ensure strict adherence to early pay-in timelines to facilitate smooth bid processing. The 15-day bidding window provides adequate time for shareholders to participate in the acquisition process. Operational readiness of members and custodians is critical to prevent bid rejection due to late securities delivery.

Impact Justification

Specific takeover procedure for one company affecting shareholders and participating members/custodians within defined timeline