Description

Settlement calendar for takeover bid of ESHA MEDIA RESEARCH LIMITED to be conducted from January 13, 2026 to January 27, 2026 with settlement on February 10, 2026.

Summary

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

Key Points

  • Settlement Type: Takeover (Settlement No. 2026006)
  • Bid Start Date: January 13, 2026
  • Bid End Date: January 27, 2026
  • Obligation Download: February 9, 2026
  • Settlement Date: February 10, 2026
  • Demat shares must be delivered only through Early Pay-in of Shares mechanism
  • Market Type “Takeover” and Settlement No. 2026006 to be used in depository system
  • Securities will be earmarked/blocked in client accounts in requisite market type and settlement number
  • No EPN file upload required by members and custodians

Regulatory Changes

This circular follows the Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange as referenced in Notice No. 20200528-32 dated May 28, 2020.

Compliance Requirements

  • Members/Custodians must deliver demat shares through Early Pay-in mechanism available in both depositories (CDSL & NSDL)
  • Participants must ensure early pay-in securities are reflected in BSE/ICCL systems before prescribed timelines for accepting/confirming bids
  • Early pay-in process must be completed sufficiently in advance before closure of BSE OTB Bidding window
  • Members must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
  • Members and Custodians should contact ICCL Help Desk (022-69158590/45720490/45720690 or iccl.helpdesk@icclindia.com) for clarifications

Important Dates

  • January 13, 2026: Bidding window opens
  • January 27, 2026: Bidding window closes
  • February 9, 2026: Obligation download
  • February 10, 2026: Final settlement

Impact Assessment

This takeover settlement schedule impacts shareholders of ESHA MEDIA RESEARCH LIMITED who wish to tender their shares, as well as trading members and custodians handling the acquisition process. The use of early pay-in mechanism ensures timely settlement and reduces settlement risk. Members must coordinate with depositories well in advance to ensure securities are earmarked before bid confirmation deadlines. The 15-day bidding window provides adequate time for shareholders to participate in the acquisition offer.

Impact Justification

Standard takeover settlement schedule affecting specific company shareholders and trading members. Medium impact as it involves mandatory compliance for acquisition participants but limited to one stock.