Description

BSE extends the bid end date for the takeover offer of Sanmitra Commercial Limited from January 19, 2026 to January 20, 2026, with revised settlement dates.

Summary

BSE has issued a revised settlement schedule for the Offer to Buy under the Acquisition Window (Takeover) for Sanmitra Commercial Limited. The bid end date has been extended by one day from January 19, 2026 to January 20, 2026, with corresponding adjustments to obligation download and settlement dates. This revision supersedes the earlier notice dated January 5, 2026 (Notice No. 20260105-09).

Key Points

  • Bid period: January 6, 2026 to January 20, 2026 (extended from January 19, 2026)
  • Settlement Number: 2026002
  • Settlement Type: Takeover
  • Demat shares must be delivered only through Early Pay-in of Shares mechanism
  • Available through both depositories (NSDL and CDSL)
  • Market Type designation: “Takeover” to be used in depository systems
  • Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges

Regulatory Changes

No new regulatory changes introduced. The circular implements the existing acquisition framework as per Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange (Notice No. 20200528-32 dated May 28, 2020).

Compliance Requirements

  • Members and Custodians must use Market Type “Takeover” and Settlement No. 2026002 in depository systems
  • Demat shares delivery strictly through Early Pay-in of Shares mechanism only
  • Members must include settlement details in all transactions related to this takeover offer
  • Reference to MBRSTD_OTB_CM_mmm_SettNo file mandatory for stamp duty calculations

Important Dates

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

Impact Assessment

The one-day extension provides additional time for shareholders of Sanmitra Commercial Limited to participate in the takeover offer. Impact is limited to participants in this specific acquisition and does not affect broader market operations. The extension may benefit shareholders who need additional time to complete documentation or demat processes. Members and custodians need to update their internal systems with the revised timeline to ensure smooth settlement processing.

Impact Justification

Revised settlement schedule for ongoing takeover offer affects participants in the acquisition process. Extension of one day provides additional time for bidding but has limited broader market impact.