Description

BSE revises the settlement calendar for takeover offer of P.M TELELINNKS LIMITED, extending bid end date 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 Offer to Buy under Acquisition Window (Takeover) for P.M TELELINNKS LIMITED. The revision extends the bid end date by one day and adjusts subsequent obligation download and settlement dates. This update supersedes Notice No. 20260112-7 and applies to Settlement No. 2026005.

Key Points

  • Bid start date remains unchanged at 13/01/2026
  • Bid end date extended from 27/01/2026 to 28/01/2026
  • Obligation download date revised from 09/02/2026 to 10/02/2026
  • Settlement date revised from 10/02/2026 to 11/02/2026
  • Settlement Type: Takeover, Settlement No. 2026005
  • Demat shares must be delivered through Early Pay-in of Shares mechanism only
  • Market Type “(Takeover)” and Settlement No. 2026005 must be used in depository system

Regulatory Changes

No new regulatory changes introduced. This circular provides revised timelines for an ongoing takeover offer under existing acquisition guidelines.

Compliance Requirements

  • Members and Custodians must use the Early Pay-in of Shares mechanism available in both depositories for delivering demat shares
  • Members/Custodians must specify Market Type “(Takeover)” and Settlement No. 2026005 in the depository system
  • Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
  • Members/Custodians should refer to Notice No. 20200528-32 dated May 28, 2020 regarding settlement as per Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange

Important Dates

  • Bid Start Date: 13/01/2026
  • Revised Bid End Date: 28/01/2026 (previously 27/01/2026)
  • Revised Obligation Download: 10/02/2026 (previously 09/02/2026)
  • Revised Settlement Date: 11/02/2026 (previously 10/02/2026)

Impact Assessment

The one-day extension in the bid end date provides additional time for participants to submit their offers in the takeover acquisition window. This impacts:

  • Investors: Additional day to participate in the takeover offer
  • Members/Custodians: Need to adjust internal settlement calendars and processes
  • Clearing Operations: ICCL settlement schedule adjusted accordingly

The revision is procedural in nature and maintains the integrity of the takeover process while accommodating operational requirements. Market participants should update their systems and calendars to reflect the new dates.

Contact Information

For clarifications:

  • ICCL Help Desk: 022-69158590/45720490/45720690
  • Email: iccl.helpdesk@icclindia.com
  • Issued by: Atharva Naik (Senior Officer), Tajindersingh Virdi (Senior Manager), Indian Clearing Corporation Ltd.

Impact Justification

Revised settlement schedule for ongoing takeover offer affects participants in the acquisition process with extended timelines for bid submission and settlement