Description
BSE extends the bid end date for the takeover offer of P.M TELELINNKS LIMITED from 27/01/2026 to 28/01/2026, with revised obligation download and settlement dates.
Summary
BSE has issued a revised settlement schedule for the takeover offer (Acquisition Window) of P.M TELELINNKS LIMITED (Settlement No. 2026005). The bid end date has been extended by one day from 27/01/2026 to 28/01/2026, with corresponding adjustments to obligation download and settlement dates. This revision supersedes the previous Notice No. 20260112-7.
Key Points
- Settlement Number: 2026005
- Bid start date remains: 13/01/2026
- Revised bid end date: 28/01/2026 (previously 27/01/2026)
- Revised obligation download date: 10/02/2026
- Revised settlement date: 11/02/2026
- Demat shares must be delivered through Early Pay-in of Shares mechanism only
- Market Type designation: “Takeover” to be used in depository systems
Regulatory Changes
No new regulatory changes introduced. This circular implements timeline adjustments to an existing takeover offer process under the Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange (referenced from Notice No.20200528-32 dated May 28, 2020).
Compliance Requirements
- Members/Custodians must deliver demat shares exclusively through Early Pay-in of Shares mechanism available in both depositories
- Members/Custodians must specify Market Type “Takeover” and Settlement No. 2026005 in depository system entries
- Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
- All parties must adhere to the revised timeline for bid submission and settlement obligations
Important Dates
- Bid Start Date: 13/01/2026
- Revised Bid End Date: 28/01/2026 (extended from 27/01/2026)
- Revised Obligation Download: 10/02/2026
- Revised Settlement Date: 11/02/2026
- Notice Date: 14/01/2026
Impact Assessment
Operational Impact: The one-day extension provides additional time for shareholders to tender their shares in the takeover offer. Trading members and custodians need to update their internal schedules and inform clients about the revised deadline.
Market Impact: Limited direct market impact as this affects only the takeover offer settlement process for P.M TELELINNKS LIMITED. The extension may benefit shareholders who need additional time to participate in the acquisition window.
Stakeholder Impact: Shareholders of P.M TELELINNKS LIMITED gain an extra day to decide on tendering shares. Members and custodians must ensure their systems and communications reflect the updated timeline to avoid settlement failures.
Impact Justification
Revised settlement schedule for takeover offer affecting shareholders and trading members dealing with P.M TELELINNKS LIMITED, requiring updated timelines for bid submission and settlement.