Description
BSE revises settlement schedule for takeover offer of Shree Digvijay Cement Company Limited, extending bid end date to January 19, 2026 with settlement on February 3, 2026.
Summary
BSE has issued a revised settlement schedule for the takeover offer of Shree Digvijay Cement Company Limited. The bidding period which started on January 5, 2026 has been extended to January 19, 2026, with revised obligation download date of February 2, 2026 and settlement date of February 3, 2026. This revision updates the earlier notice dated January 1, 2026.
Key Points
- Settlement Type: Takeover Offer - Acquisition Window
- Settlement Number: 2026001
- Bid Start Date: January 5, 2026 (unchanged)
- Revised Bid End Date: January 19, 2026
- Revised Obligation Download: February 2, 2026
- Revised Settlement Date: February 3, 2026
- Demat shares must be delivered only through Early Pay-in of Shares mechanism
- Available in both depositories (NSDL and CDSL)
Regulatory Changes
No regulatory changes introduced. This circular implements revised timelines under existing takeover regulations and follows the guidelines for mechanism for acquisition of shares through Stock Exchange as per Notice No. 20200528-32 dated May 28, 2020.
Compliance Requirements
- Members and Custodians must use Market Type “Takeover” and Settlement No. 2026001 in the depository system
- Demat shares must be delivered exclusively through Early Pay-in of Shares mechanism
- Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
- Members and Custodians must comply with revised settlement guidelines for share acquisition through Stock Exchange
Important Dates
| Event | Date |
|---|---|
| Bid Start Date | January 5, 2026 |
| Revised Bid End Date | January 19, 2026 |
| Revised Obligation Download | February 2, 2026 |
| Revised Settlement Date | February 3, 2026 |
Impact Assessment
Market Impact: The extension of the bidding period provides shareholders additional time to tender their shares in the takeover offer, potentially increasing participation rates.
Operational Impact: Brokers and custodians need to update their systems and client communications to reflect the revised settlement schedule. The mandatory use of Early Pay-in mechanism ensures timely delivery of shares for settlement.
Stakeholder Impact: Shareholders of Shree Digvijay Cement Company Limited have extended opportunity until January 19, 2026 to participate in the takeover offer. Settlement participants should prepare for obligation fulfillment by February 2, 2026.
Contact for Clarifications: ICCL Help Desk at 022-69158590/45720490/45720690 or iccl.helpdesk@icclindia.com
Impact Justification
Revised settlement schedule affects shareholders participating in takeover offer with extended timelines for share tendering and settlement obligations