Description

BSE announces revised bid end date and settlement dates for the takeover offer of ESHA MEDIA RESEARCH LIMITED, extending the bid period to January 28, 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 from January 27, 2026 to January 28, 2026, with corresponding changes to obligation download and settlement dates. This revision affects Settlement No. 2026006 which commenced on January 13, 2026.

Key Points

  • Bid start date remains unchanged: January 13, 2026
  • Revised bid end date: January 28, 2026 (extended by 1 day)
  • Revised obligation download date: February 10, 2026
  • Revised settlement date: February 11, 2026
  • Settlement Type: Takeover, Settlement No. 2026006
  • Demat shares must be delivered through Early Pay-in of Shares mechanism available in both depositories

Regulatory Changes

This circular modifies the previously announced settlement schedule in Notice No. 20260112-7. The extension provides additional time for participants to submit their bids in the takeover offer.

Compliance Requirements

  • Members/Custodians must use Market Type “Takeover” and Settlement No. 2026006 in the depository system
  • Demat shares delivery must be through Early Pay-in of Shares mechanism only
  • Members/Custodians should refer to Notice No. 20200528-32 dated May 28, 2020 for revised guidelines on acquisition of shares through Stock Exchange
  • Members must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
  • All settlement procedures must comply with ICCL (Indian Clearing Corporation Ltd.) requirements

Important Dates

  • Bid Start Date: January 13, 2026
  • Revised Bid End Date: January 28, 2026
  • Revised Obligation Download Date: February 10, 2026
  • Revised Settlement Date: February 11, 2026
  • Notice Date: January 14, 2026

Impact Assessment

The one-day extension in the bid end date provides shareholders additional time to participate in the takeover offer for ESHA MEDIA RESEARCH LIMITED. This impacts:

  • Shareholders: Extended opportunity to tender their shares in the acquisition window
  • Acquirers: Additional day to achieve target acquisition levels
  • Members/Custodians: Need to update internal systems and processes with revised dates
  • Settlement Operations: Adjusted timelines for obligation processing and fund/share settlement

The extension suggests potential need for additional time to meet participation requirements or procedural considerations. Market participants should note the revised dates and ensure compliance with early pay-in requirements through depositories.

Impact Justification

Revised settlement schedule for takeover offer affects shareholders and participants in the acquisition process for ESHA MEDIA RESEARCH LIMITED with extended timelines.