Description

BSE revises the settlement calendar for the takeover offer of SHENTRACON CHEMICALS LIMITED, extending the bid end date to January 27, 2026 with revised settlement dates in February 2026.

Summary

BSE has issued a revised settlement schedule for the Offer to Buy - Acquisition Window (Takeover) of SHENTRACON CHEMICALS LIMITED. The bid end date has been extended from January 23, 2026 to January 27, 2026, with corresponding changes to obligation download and settlement dates. This revision supersedes the earlier notice dated January 8, 2026.

Key Points

  • Settlement Type: Takeover (Settlement No. 2026004)
  • Bid start date remains unchanged: January 12, 2026
  • Revised bid end date: January 27, 2026 (extended from January 23, 2026)
  • Revised obligation download date: February 9, 2026
  • Revised settlement date: February 10, 2026
  • Demat shares must be delivered through Early Pay-in of Shares mechanism available in both depositories
  • Market Type “Takeover” and Settlement No. 2026004 to be used by Members/Custodians in depository system

Regulatory Changes

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

Compliance Requirements

  • Members/Custodians must use the Early Pay-in of Shares mechanism for delivering demat shares
  • Members/Custodians must specify Market Type “Takeover” and Settlement No. 2026004 in the depository system
  • Members must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
  • Members should adhere to the revised settlement calendar dates

Important Dates

  • January 12, 2026: Bid start date
  • January 27, 2026: Revised bid end date (extended)
  • February 9, 2026: Revised obligation download date
  • February 10, 2026: Revised settlement date

Impact Assessment

This revision provides additional time for shareholders of SHENTRACON CHEMICALS LIMITED to participate in the takeover offer by extending the bid period by 4 days. The extension also shifts settlement activities into February 2026. The impact is specific to participants in this takeover offer including selling shareholders, acquiring entities, and members/custodians facilitating the transaction. For queries, market participants can contact ICCL Help Desk at 022-69158590/45720490/45720690 or iccl.helpdesk@icclindia.com.

Impact Justification

Revised settlement schedule for a specific takeover offer affecting shareholders of SHENTRACON CHEMICALS LIMITED. Important for those participating in the acquisition but limited to one company.