Description

Revised schedule for Offer to Buy (Takeover) of SHENTRACON CHEMICALS LIMITED shares from January 12-27, 2026 at Rs. 0.50 per share for up to 1,65,14,290 equity shares.

Summary

BSE has issued a revised schedule for the Offer to Buy - Acquisition Window (Takeover) for SHENTRACON CHEMICALS LIMITED (Symbol: FILTRON). The offer is for up to 1,65,14,290 equity shares at Rs. 0.50 per share. The live bidding session runs from Monday, January 12, 2026 to Tuesday, January 27, 2026. Trading Members and Custodian Members can participate through the iBBS platform or RTRMS with specified session timings for bid offering, give-up/take-up activities.

Key Points

  • Security Symbol: FILTRON (SHENTRACON CHEMICALS LIMITED)
  • ISIN: INE589N01017, Scrip Code: 531191
  • Offer Size: Up to 1,65,14,290 Equity Shares
  • Offer Price: Rs. 0.50 per share
  • Face Value: Rs. 10.00, Market Lot: 1
  • Opening Date: Monday, January 12, 2026
  • Closing Date: Tuesday, January 27, 2026
  • Trading Members can bid for investors having shares in demat form only
  • UCC of investors must be registered with correct PAN Number and Category

Regulatory Changes

This is a revised schedule notification. No new regulatory changes are introduced. The offer follows existing OTB operational framework as per Exchange Notices 20150930-1 (September 30, 2015) and 20170203-29 (February 3, 2017).

Compliance Requirements

  • Trading Members and Custodian Members must note the revised schedule
  • Trading Members must ensure UCC of investors is registered/updated with correct PAN Number and Category in Exchange UCC database
  • Only investors with shares in demat form can participate through Trading Members
  • Members must use specified platforms (iBBS/RTRMS) for bidding activities
  • For Leased Line URL access settings, refer to Exchange Circular No. 20170503-12

Important Dates

  • Bid Offering Period: January 12-27, 2026 (9:15 AM - 3:30 PM)
  • Give-up/Take-up Period: January 12-23, 2026 (9:15 AM - 3:30 PM)
  • Give-up (Last Day): January 27, 2026 (9:15 AM - 3:30 PM)
  • Take-up (Last Day): January 27, 2026 (9:15 AM - 4:00 PM)

Impact Assessment

Market Impact: Medium - Affects shareholders of SHENTRACON CHEMICALS LIMITED who wish to participate in the takeover offer. The offer price of Rs. 0.50 per share (against face value of Rs. 10.00) represents the acquisition terms.

Operational Impact: Trading Members and Custodians need to facilitate client participation through designated platforms. Access to iBBS, RTRMS, and Extranet systems required. Contact details provided for technical support regarding login IDs and password resets.

Investor Categories: Multiple investor categories eligible - FII, Financial Institutions, Mutual Funds, Insurance Companies, Other QIBs, Companies, and Individuals.

Post-Closure: Files for acceptance of bids will be available on Extranet only after Exchange receives confirmation from Merchant Banker/RTA after issue closure. No End of Issue files will be generated if no securities are accepted.

Impact Justification

Medium ranking as this is a revised schedule for a specific takeover offer affecting a single stock with defined offer parameters and operational timelines