Description

BSE revises the settlement schedule for the takeover offer of ESHA MEDIA RESEARCH LIMITED, extending the bid end date to January 28, 2026 with settlement on February 11, 2026.

Summary

BSE has issued a revised settlement schedule for the Offer to Buy - Acquisition Window (Takeover) for ESHA MEDIA RESEARCH LIMITED. The bid end date has been extended by one day to January 28, 2026, with corresponding adjustments to obligation download and settlement dates. This revision supersedes the previous notice (No. 20260112-7).

Key Points

  • Settlement Number: 2026006
  • Bid start date remains unchanged: January 13, 2026
  • Revised bid end date: January 28, 2026 (previously January 27, 2026)
  • Revised obligation download date: February 10, 2026
  • Revised settlement date: February 11, 2026
  • Demat shares must be delivered through Early Pay-in of Shares mechanism only
  • Market type “Takeover” and settlement number 2026006 to be used in depository systems

Regulatory Changes

No new regulatory changes introduced. This circular implements a schedule revision to an existing takeover acquisition process.

Compliance Requirements

  • Members and custodians must use the Early Pay-in of Shares mechanism available in both depositories for demat share delivery
  • Members and custodians must specify Market Type “Takeover” and Settlement No. 2026006 in depository system entries
  • Members must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
  • Participants should reference Notice No. 20200528-32 dated May 28, 2020 regarding revised guidelines for mechanism of acquisition of shares through stock exchange

Important Dates

  • January 13, 2026: Bid start date
  • January 28, 2026: Revised bid end date
  • February 10, 2026: Revised obligation download date
  • February 11, 2026: Revised settlement date

Impact Assessment

The one-day extension of the bid end date provides additional time for shareholders to participate in the takeover offer for ESHA MEDIA RESEARCH LIMITED. The impact is limited to participants in this specific acquisition window. Members and custodians involved in the transaction need to adjust their operational timelines accordingly. For queries, participants can contact ICCL Help Desk at 022-69158590/45720490/45720690 or via email at iccl.helpdesk@icclindia.com.

Impact Justification

Schedule revision affects participants in the takeover offer but has limited broader market impact, relevant primarily to shareholders of ESHA MEDIA RESEARCH LIMITED