Description
Revised schedule for offer to buy shares of SHENTRACON CHEMICALS LIMITED (FILTRON) from January 12-27, 2026 at Rs. 0.50 per share for up to 1,65,14,290 equity shares.
Summary
BSE has issued a revised schedule for the Offer to Buy – Acquisition Window (Takeover) for shares of SHENTRACON CHEMICALS LIMITED (Symbol: FILTRON, ISIN: INE589N01017, Scrip Code: 531191). The offer is for up to 1,65,14,290 equity shares at Rs. 0.50 per share, running from January 12, 2026 to January 27, 2026. Trading members and custodian members must note the revised timings and operational procedures for bid offerings, give-up/take-up activities through iBBS and RTRMS platforms.
Key Points
- Security: SHENTRACON CHEMICALS LIMITED (Symbol: FILTRON)
- ISIN: INE589N01017, Scrip Code: 531191
- Offer size: Up to 1,65,14,290 equity shares
- Offer price: Rs. 0.50 per share
- Face value: Rs. 10.00
- Market lot: 1
- Opening date: Monday, January 12, 2026
- Closing date: Tuesday, January 27, 2026
- Bid offering period: 9:15 AM to 3:30 PM (January 12-27, 2026)
- Give-up/Take-up period: 9:15 AM to 3:30 PM (January 12-23, 2026)
- Last day give-up: 9:15 AM to 3:30 PM (January 27, 2026)
- Last day take-up: 9:15 AM to 4:00 PM (January 27, 2026)
- Trading members can bid for investors having shares in demat form only
- UCC registration with correct PAN and category is mandatory
Regulatory Changes
This is a revised schedule circular updating previously communicated timings for the takeover offer. No new regulatory changes are introduced; the circular reiterates existing OTB operational procedures as per Exchange Notices 20150930-1 (September 30, 2015) and 20170203-29 (February 3, 2017).
Compliance Requirements
- Trading members and custodian members must ensure investor UCC is registered and updated with correct PAN number and category in the Exchange UCC database
- Members must access OTB module through designated platforms: iBBS (https://ibbs.bseindia.com/ or https://ibbsll.bseindia.com/) and RTRMS (https://rtrms.bseindia.com/ or https://rtrmsll.bseindia.com/)
- Members must download acceptance files from Extranet (https://member.bseindia.com/ or https://memberll.bseindia.com/) after issue closure when confirmation is received from Merchant Banker/RTA
- Only demat shares are eligible for bidding
- If no securities are accepted, no End of Issue files will be generated in Extranet
Important Dates
- January 12, 2026: Opening date - Bid offering period begins (9:15 AM)
- January 12-23, 2026: Give-up/Take-up period (9:15 AM - 3:30 PM)
- January 12-27, 2026: Full bid offering period (9:15 AM - 3:30 PM)
- January 27, 2026: Closing date
- Give-up (last day): 9:15 AM - 3:30 PM
- Take-up (last day): 9:15 AM - 4:00 PM (extended by 30 minutes)
Impact Assessment
Market Impact: Medium - This circular affects shareholders of SHENTRACON CHEMICALS LIMITED (FILTRON) who wish to participate in the takeover offer. The revised schedule provides updated timing information for the acquisition window.
Operational Impact: Trading members and custodian members handling FILTRON shares must ensure their systems and processes align with the revised schedule. Members need to coordinate with investors holding FILTRON shares in demat form to facilitate participation in the OTB process.
Investor Categories Eligible: Foreign Institutional Buyers (FII), Financial Institutions (FI), Mutual Funds (MF), Insurance Companies (IC), Other QIBs (OTH), Other NIB (NOH), Companies (CO), and Individuals (IND).
Contact Support: BSE has provided comprehensive contact details for technical support related to iBBS, RTRMS, and Extranet access, including Trading Operations team (022-22728005, user.trdops@bseindia.com) and specific personnel for OTB module queries.
Impact Justification
Revised takeover offer schedule affecting specific security (FILTRON/SHENTRACON CHEMICALS LIMITED). Medium impact as it pertains to acquisition activities for a single stock with specific procedural requirements for trading members and custodians.