Description

Settlement calendar for the acquisition window (takeover) of ESHA MEDIA RESEARCH LIMITED to be conducted from January 13, 2026 to January 27, 2026.

Summary

BSE has announced the settlement calendar for the Offer to Buy – Acquisition Window (Takeover) for ESHA MEDIA RESEARCH LIMITED. The takeover bidding window will be open from January 13, 2026 to January 27, 2026, with obligation download on February 9, 2026 and settlement date on February 10, 2026. Settlement number 2026006 has been assigned for this takeover.

Key Points

  • Settlement Type: Takeover (Settlement No. 2026006)
  • Bid Period: January 13, 2026 to January 27, 2026
  • Obligation Download: February 9, 2026
  • Settlement Date: February 10, 2026
  • Demat shares must be delivered through Early Pay-in of Shares mechanism available in both depositories
  • Market Type “(Takeover)” and settlement No. 2026006 to be used by Members/Custodians in depository system
  • Members/Custodians should refer to Notice No.20200528-32 dated May 28, 2020 regarding revised guidelines for acquisition of shares through Stock Exchange

Regulatory Changes

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

Compliance Requirements

  • Participants must ensure early pay-in of securities is reflected in BSE/ICCL systems before prescribed timelines for accepting/confirmation of bids by BSE OTB platform
  • Early pay-in process must be completed in Depository system sufficiently in advance before BSE OTB Bidding window closure
  • CDSL & NSDL early pay-in securities will be earmarked/blocked in clients account with requisite market type and settlement number
  • Members and Custodians are NOT required to upload any EPN file
  • Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
  • Contact ICCL Help Desk at 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 circular has limited market-wide impact as it pertains specifically to the takeover of ESHA MEDIA RESEARCH LIMITED. Impact is confined to:

  • Existing shareholders of ESHA MEDIA RESEARCH LIMITED who may participate in the offer
  • Brokers and custodians handling transactions for this specific takeover
  • The acquirer conducting the takeover

No broader market operations or trading rules are affected. Standard takeover settlement procedures apply as per existing guidelines.

Impact Justification

Company-specific takeover settlement schedule with limited market-wide impact, relevant only to shareholders of ESHA MEDIA RESEARCH LIMITED and participating brokers