Description

BSE announces revised schedule for acquisition window takeover offer for SHENTRACON CHEMICALS LIMITED (FILTRON) with offer period from January 12-27, 2026 at Rs. 0.50 per share.

Summary

BSE has issued a revised schedule for the Offer to Buy under Acquisition Window (Takeover) for SHENTRACON CHEMICALS LIMITED (Security Symbol: FILTRON, Scrip Code: 531191). The offer is for up to 1,65,14,290 equity shares at Rs. 0.50 per share, running from January 12, 2026 to January 27, 2026. Trading members and custodian members must use the iBBS platform for bid processing during specified session timings.

Key Points

  • Security: SHENTRACON CHEMICALS LIMITED (Symbol: FILTRON, ISIN: INE589N01017, Scrip Code: 531191)
  • Offer Size: Up to 1,65,14,290 equity shares
  • Offer Price: Rs. 0.50 per share
  • Face Value: Rs. 10.00
  • Market Lot: 1
  • Opening Date: Monday, January 12, 2026
  • Closing Date: Tuesday, January 27, 2026
  • Bid Offering Period: 9:15 AM to 3:30 PM daily from January 12-27, 2026
  • Give-up/Take-up Period: 9:15 AM to 3:30 PM from January 12-23, 2026
  • Last Day Give-up: January 27, 2026 (9:15 AM to 3:30 PM)
  • Last Day Take-up: January 27, 2026 (9:15 AM to 4:00 PM)
  • Investor Categories: FII, FI, MF, IC, OTH (Other QIBs), NOH, CO, IND

Regulatory Changes

This is a revised schedule for an ongoing takeover offer. No new regulatory changes are introduced.

Compliance Requirements

  • Trading Members must ensure UCC of investors is registered/updated with correct PAN Number and Category in Exchange UCC database
  • Trading Members can only bid for investors having shares in demat form
  • Members must use iBBS platform (Internet: https://ibbs.bseindia.com/ or Leased Line: https://ibbsll.bseindia.com/) for bid processing
  • RTRMS platform access required (Internet: https://rtrms.bseindia.com/ or Leased Line: https://rtrmsll.bseindia.com/)
  • Extranet access for file downloads (Internet: https://member.bseindia.com/ or Leased Line: https://memberll.bseindia.com/)
  • Files on Extranet for bid acceptance available only after confirmation from Merchant Banker/RTA post-issue closure
  • Members must refer to Exchange Notices 20150930-1 (September 30, 2015) and 20170203-29 (February 3, 2017) for operational instructions
  • For Leased Line URL settings, refer to Exchange Circular No. 20170503-12

Important Dates

  • Offer Opening Date: January 12, 2026
  • Bid Offering Period: January 12-27, 2026 (9:15 AM - 3:30 PM)
  • Give-up/Take-up Period: January 12-23, 2026 (9:15 AM - 3:30 PM)
  • Last Day for Give-up: January 27, 2026 (9:15 AM - 3:30 PM)
  • Last Day for Take-up: January 27, 2026 (9:15 AM - 4:00 PM)
  • Offer Closing Date: January 27, 2026

Impact Assessment

Market Impact: Medium - This revised takeover offer affects shareholders of SHENTRACON CHEMICALS LIMITED (FILTRON) who may wish to tender their shares at Rs. 0.50 per share during the acquisition window.

Operational Impact: Trading members and custodian members handling FILTRON shares must ensure their systems and UCC databases are updated and they have proper access to iBBS, RTRMS, and Extranet platforms. The revised schedule requires coordination between trading members, custodians, and shareholders during the 16-day offer period.

Stakeholder Impact: Shareholders of FILTRON have the opportunity to participate in this takeover offer. The offer price of Rs. 0.50 per share against face value of Rs. 10.00 indicates a significant discount, which shareholders should evaluate carefully before tendering shares.

Contact Support: Multiple contact points provided for technical support including Trading Operations (022-22728005, user.trdops@bseindia.com) and specific personnel for OTB module queries.

Impact Justification

Revised takeover offer schedule for specific stock affecting shareholders and trading members. Medium impact due to specific stock exposure and operational changes for participants.