Description

Revised settlement calendar for the Offer to Buy under Acquisition Window (Takeover) for Filtron Engineers Limited, with obligation download date moved to January 14, 2026 and settlement on January 16, 2026.

Summary

BSE has issued a revised settlement schedule for the Offer to Buy under Acquisition Window (Takeover) for Filtron Engineers Limited. The takeover bid period ran from December 24, 2025 to January 7, 2026 (Settlement No. 2025135). The revised obligation download date is January 14, 2026, with final settlement on January 16, 2026. This supersedes the earlier notice (20251223-11).

Key Points

  • Takeover bid period: December 24, 2025 to January 7, 2026
  • Settlement Number: 2025135
  • Revised Obligation Download Date: January 14, 2026
  • Settlement Date: January 16, 2026
  • Demat shares must be delivered through Early Pay-in mechanism only
  • Market Type “(Takeover)” and settlement number must be specified in depository systems
  • Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges

Regulatory Changes

No new regulatory changes introduced. This circular implements the existing framework for acquisition of shares through Stock Exchange as per Notice No. 20200528-32 dated May 28, 2020.

Compliance Requirements

  • Members/Custodians: Must use Early Pay-in of Shares mechanism available in both depositories for delivering demat shares
  • Members/Custodians: Must specify Market Type “(Takeover)” and Settlement No. 2025135 in the depository system along with other details
  • Members: Must 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 for settlement guidelines under the revised mechanism for acquisition of shares

Important Dates

  • Bid Start Date: December 24, 2025
  • Bid End Date: January 7, 2026
  • Revised Obligation Download Date: January 14, 2026
  • Settlement Date: January 16, 2026

Impact Assessment

Operational Impact: Members and custodians handling Filtron Engineers Limited shares under this takeover offer must adjust their settlement timelines according to the revised schedule. The two-day window between obligation download (January 14) and settlement (January 16) provides time for members to prepare for obligation fulfillment.

Market Impact: Limited to participants in the specific takeover offer for Filtron Engineers Limited. The revision provides clarity on settlement timelines and ensures proper coordination between trading members, custodians, and depositories.

Stakeholder Impact: Shareholders who tendered shares during the acquisition window and trading members handling these transactions need to track the revised settlement dates to ensure timely fulfillment of obligations and receipt of consideration.

Impact Justification

Settlement schedule revision for specific takeover offer affecting shareholders and members dealing with Filtron Engineers Limited shares. Medium importance as it impacts timing for obligation fulfillment.