Description

BSE revises the settlement calendar for the acquisition window (takeover) of Shentracon Chemicals Limited, extending the bid end date to January 27, 2026 and settlement dates to February 9-10, 2026.

Summary

BSE has revised the settlement calendar for the Offer to Buy through Acquisition Window (Takeover) for Shentracon Chemicals Limited (Settlement No. 2026004). The bid end date has been extended from January 23, 2026 to January 27, 2026, with corresponding changes to obligation download and settlement dates. This revision supersedes the original schedule published in Notice No. 20260108-19.

Key Points

  • Settlement Type: Takeover (Settlement No. 2026004)
  • Bid Start Date: January 12, 2026 (unchanged)
  • Revised Bid End Date: January 27, 2026 (extended from January 23, 2026)
  • Revised Obligation Download Date: February 9, 2026
  • Revised Settlement Date: February 10, 2026
  • Demat shares must be delivered exclusively through Early Pay-in of Shares mechanism
  • Available through both depositories (NSDL and CDSL)
  • Market Type designation: “Takeover” with Settlement No. 2026004 required in depository systems

Regulatory Changes

This circular modifies the settlement timeline previously notified in Notice No. 20260108-19. The extension provides additional time for shareholders to tender their shares in the takeover offer. Members and custodians must follow the Revised Guidelines for Mechanism for acquisition of shares through Stock Exchange as outlined in Notice No. 20200528-32 dated May 28, 2020.

Compliance Requirements

  • Members/Custodians: Must use Market Type “Takeover” and Settlement No. 2026004 in all depository system transactions
  • Share Delivery: Only through Early Pay-in of Shares mechanism in depositories
  • Stamp Duty: Members must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
  • Guidelines Reference: Compliance with settlement procedures per Notice No. 20200528-32 (May 28, 2020) is mandatory
  • System Requirements: Proper designation in depository systems with settlement number and market type

Important Dates

  • Bid Period: January 12, 2026 to January 27, 2026
  • Obligation Download Date: February 9, 2026
  • Settlement Date: February 10, 2026
  • Notice Date: January 14, 2026

Impact Assessment

Market Impact: Medium - This revision affects shareholders of Shentracon Chemicals Limited who wish to participate in the takeover offer. The four-day extension of the bid period provides additional time for decision-making and tendering of shares.

Operational Impact: Members and custodians must update their systems and processes to reflect the revised timeline. The mandatory use of Early Pay-in mechanism ensures smoother settlement and reduces counterparty risk. Trading members need to inform their clients about the extended timeline for tendering shares.

Contact Information: For clarifications, members and custodians may contact ICCL Help Desk at 022-69158590/45720490/45720690 or email iccl.helpdesk@icclindia.com.

Impact Justification

Revised settlement schedule for specific takeover offer affects shareholders and members participating in the acquisition of Shentracon Chemicals, requiring updated compliance with extended timelines.