Description

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

Summary

BSE has revised the settlement schedule for the Offer to Buy - 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. This revision pertains to Settlement No. 2026002 which commenced on January 6, 2026.

Key Points

  • Settlement Number: 2026002
  • Bid period extended: January 6, 2026 to January 20, 2026 (previously ended January 19, 2026)
  • Obligation download date: January 22, 2026
  • Settlement date: January 23, 2026
  • Demat shares must be delivered through Early Pay-in mechanism only
  • Market Type designation: “Takeover” with settlement number 2026002 required in depository system
  • Client-wise stamp duty charges available in MBRSTD_OTB_CM_mmm_SettNo file

Regulatory Changes

No regulatory changes introduced. This circular modifies the timeline for an existing takeover offer process.

Compliance Requirements

  • Members and Custodians must use Market Type “Takeover” and Settlement No. 2026002 in the depository system
  • Demat shares must be delivered exclusively through the Early Pay-in of Shares mechanism available in both depositories
  • Members should refer to Notice No. 20200528-32 dated May 28, 2020 for guidelines on acquisition of shares through stock exchange mechanism
  • Members must consult MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges

Important Dates

  • Bid Start Date: January 6, 2026
  • Revised Bid End Date: January 20, 2026 (extended from January 19, 2026)
  • Obligation Download Date: January 22, 2026
  • Settlement Date: January 23, 2026
  • Reference Notice: 20260105-09

Impact Assessment

The one-day extension provides additional time for shareholders to participate in the takeover offer for Sanmitra Commercial Limited. This affects investors, brokers, and custodians involved in the acquisition process. The extension may accommodate additional participation or technical requirements. Members and custodians need to update their systems and processes to reflect the revised timeline. Contact ICCL Help Desk (022-69158590/45720490/45720690 or iccl.helpdesk@icclindia.com) for clarifications.

Impact Justification

Revised settlement schedule affects shareholders participating in the takeover offer with one-day extension for bid submission deadline.