Description

Revised settlement calendar for the acquisition window (takeover) offer of SHENTRACON CHEMICALS LIMITED, extending the bid end date to January 27, 2026 with settlement on February 10, 2026.

Summary

BSE has issued a revised settlement schedule for the Offer to Buy - Acquisition Window (Takeover) for SHENTRACON CHEMICALS LIMITED. The bid end date has been extended from January 23, 2026 to January 27, 2026, with the obligation download date revised to February 9, 2026 and settlement date to February 10, 2026. The bid period commenced on January 12, 2026 under Settlement No. 2026004.

Key Points

  • Settlement Type: Takeover (Settlement No. 2026004)
  • Bid Start Date: January 12, 2026 (unchanged)
  • Revised Bid End Date: January 27, 2026 (previously January 23, 2026)
  • Revised Obligation Download Date: February 9, 2026
  • Revised Settlement Date: February 10, 2026
  • Demat shares must be delivered through Early Pay-in of Shares mechanism available in both depositories
  • Market Type “(Takeover)” and Settlement No. 2026004 to be used in depository system
  • Members to refer MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges

Regulatory Changes

This circular revises the previously issued Notice No. 20260108-19, updating the settlement calendar for the takeover offer. The extension provides additional time for shareholders to participate in the acquisition window.

Compliance Requirements

  • Members/Custodians must use Early Pay-in of Shares mechanism for delivery of demat shares
  • Members/Custodians must specify Market Type “(Takeover)” and Settlement No. 2026004 in depository system submissions
  • Members/Custodians should refer to Notice No. 20200528-32 dated May 28, 2020 for settlement guidelines under the revised mechanism for acquisition of shares through stock exchange
  • Members must consult MBRSTD_OTB_CM_mmm_SettNo file for applicable client-wise stamp duty charges

Important Dates

  • Bid Start Date: January 12, 2026
  • Bid End Date: January 27, 2026 (revised)
  • Obligation Download Date: February 9, 2026 (revised)
  • Settlement Date: February 10, 2026 (revised)

Impact Assessment

The revised settlement schedule extends the bid period by 4 days, providing shareholders additional time to tender their shares in the takeover offer. This extension impacts shareholders of SHENTRACON CHEMICALS LIMITED considering participation in the acquisition window, as well as members and custodians managing the settlement process. The revised dates require members to update their settlement calendars and client communications accordingly. For support, members can contact ICCL Help Desk at 022-69158590/45720490/45720690 or iccl.helpdesk@icclindia.com.

Impact Justification

Revised settlement schedule for takeover offer affects shareholders and members participating in the acquisition window. Extension of bid period and revised settlement dates are material changes requiring timely communication to stakeholders.