Description

BSE announces revised settlement calendar for takeover offer of Sanmitra Commercial Limited, extending bid end date to January 20, 2026 with settlement on January 23, 2026.

Summary

BSE has issued a revised settlement schedule for the Offer to Buy under Acquisition Window (Takeover) for SANMITRA COMMERCIAL LIMITED. The bid end date has been extended from January 19, 2026 to January 20, 2026, with subsequent adjustments to obligation download and settlement dates. The takeover offer period runs from January 6, 2026 to January 20, 2026 under settlement number 2026002.

Key Points

  • Revised settlement schedule supersedes Notice No. 20260105-09
  • Bid end date extended by one day to January 20, 2026
  • Settlement Type: Takeover (Settlement No. 2026002)
  • Demat shares must be delivered only through Early Pay-in of Shares mechanism
  • Available through both depositories with Market Type “(Takeover)” designation
  • Members must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges

Regulatory Changes

This circular revises the previously announced settlement calendar, extending the acquisition window timeline. Members and custodians must follow the Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange as detailed in Notice No. 20200528-32 dated May 28, 2020.

Compliance Requirements

  • Members/Custodians must deliver demat shares exclusively through Early Pay-in of Shares mechanism
  • Must use Market Type “(Takeover)” and Settlement No. 2026002 in depository system transactions
  • Must include all required details when processing transactions
  • Members must consult MBRSTD_OTB_CM_mmm_SettNo file for accurate stamp duty charges per client
  • Contact ICCL Help Desk (022-69158590/45720490/45720690 or iccl.helpdesk@icclindia.com) for clarifications

Important Dates

  • Bid Start Date: January 6, 2026
  • Revised Bid End Date: January 20, 2026 (extended from January 19, 2026)
  • Obligation Download: January 22, 2026
  • Settlement Date: January 23, 2026
  • Notice Date: January 14, 2026

Impact Assessment

The one-day extension provides additional time for shareholders to participate in the takeover offer for Sanmitra Commercial Limited. This affects:

  • Shareholders: Extended opportunity to tender shares in the acquisition window
  • Trading Members: Must adjust internal processes and client communications to reflect revised timeline
  • Custodians: Need to update settlement schedules and ensure proper use of Early Pay-in mechanism
  • Market Operations: Minimal disruption as extension is limited to one day with proportional adjustments to subsequent dates

The requirement to use Early Pay-in mechanism through depositories ensures transparent and efficient settlement process while maintaining regulatory compliance under SEBI takeover guidelines.

Impact Justification

Revised settlement timeline for ongoing takeover offer affects shareholders and members participating in the acquisition window. Medium impact as it extends deadlines and requires updated compliance procedures.