Description

BSE announces revised settlement schedule for the takeover offer to buy shares of Shree Digvijay Cement Company Limited, extending the bid end date to January 19, 2026.

Summary

BSE has issued a revised settlement schedule for the Offer to Buy shares of Shree Digvijay Cement Company Limited through the Acquisition Window (Takeover). The bid period runs from January 5, 2026 to January 19, 2026 (revised end date), with obligation download on February 2, 2026 and settlement on February 3, 2026. This revision updates the earlier notice 20260101-13.

Key Points

  • Settlement Number: 2026001
  • Bid Start Date: January 5, 2026
  • Revised Bid End Date: January 19, 2026 (extended)
  • Revised Obligation Download: February 2, 2026
  • Revised Settlement Date: February 3, 2026
  • Demat shares must be delivered through Early Pay-in of Shares mechanism available in both depositories
  • Market Type “Takeover” and Settlement No. 2026001 to be used by Members/Custodians in depository system

Regulatory Changes

No new regulatory changes introduced. This circular revises the settlement timeline for an ongoing takeover offer process.

Compliance Requirements

  • Members and Custodians must use Early Pay-in of Shares mechanism for demat share delivery
  • Members and Custodians must specify Market Type “Takeover” and Settlement No. 2026001 in depository system transactions
  • Members must 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
  • Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges

Important Dates

  • January 5, 2026: Bid Start Date
  • January 19, 2026: Revised Bid End Date
  • February 2, 2026: Revised Obligation Download Date
  • February 3, 2026: Revised Settlement Date

Impact Assessment

This revision extends the bid period for shareholders of Shree Digvijay Cement Company Limited who wish to participate in the takeover offer. The extension provides additional time for shareholders to tender their shares. Trading members and custodians handling transactions for this takeover must adjust their operational timelines accordingly. The impact is moderate, affecting only parties involved in this specific takeover transaction. For clarifications, 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 trading members dealing with Shree Digvijay Cement shares during the acquisition window