Description
BSE revises settlement schedule for takeover offer of Sanmitra Commercial Limited, extending bid end date to January 20, 2026 with settlement on January 23, 2026.
Summary
BSE has issued a revised settlement schedule for the Offer to Buy (Takeover) of SANMITRA COMMERCIAL LIMITED. The bid end date has been extended by one day to January 20, 2026, with the settlement date scheduled for January 23, 2026. This revision updates the earlier notice dated January 5, 2026 (Notice No. 20260105-09).
Key Points
- Settlement Number: 2026002
- Bid Period: January 6, 2026 to January 20, 2026 (revised)
- Obligation Download Date: January 22, 2026
- Settlement Date: January 23, 2026
- Demat shares must be delivered through Early Pay-in of Shares mechanism available in both depositories
- Market Type “(Takeover)” and Settlement No. 2026002 to be used by Members/Custodians in depository system
- Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
Regulatory Changes
No new regulatory changes introduced. This circular implements revised timelines under existing takeover regulations and follows the Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange as per Notice No.20200528-32 dated May 28, 2020.
Compliance Requirements
- Members and Custodians must deliver demat shares only through Early Pay-in of Shares mechanism
- Members/Custodians must use Market Type “(Takeover)” and Settlement No. 2026002 in the depository system
- Members must reference the MBRSTD_OTB_CM_mmm_SettNo file for accurate client-wise Stamp Duty charges
- Participants should adhere to the revised settlement calendar for processing obligations
Important Dates
| Event | Date |
|---|---|
| Bid Start Date | January 6, 2026 |
| Revised Bid End Date | January 20, 2026 |
| Obligation Download | January 22, 2026 |
| Settlement Date | January 23, 2026 |
Impact Assessment
This revision provides shareholders of Sanmitra Commercial Limited an additional day to participate in the takeover offer. The one-day extension affects:
- Shareholders: Extended opportunity to tender shares in the acquisition window
- Clearing Members: Adjusted timelines for processing bids and settlements
- Custodians: Modified schedule for handling demat share deliveries
- Market Operations: Minor operational adjustment to accommodate revised timeline
The impact is limited to participants involved in this specific takeover transaction. Contact ICCL Help Desk at 022-69158590/45720490/45720690 or iccl.helpdesk@icclindia.com for clarifications.
Impact Justification
Revised takeover settlement schedule affects shareholders of Sanmitra Commercial Limited with extended bid period; impacts clearing members and custodians handling the acquisition process.