Description
Revised schedule for acquisition window takeover offer for ESHA MEDIA RESEARCH LTD with offer period from January 13-28, 2026 at Rs. 15.00 per share.
Summary
BSE has issued a revised live activities schedule for the Offer to Buy - Acquisition Window (Takeover) for ESHA MEDIA RESEARCH LTD. The offer is for up to 22,89,802 equity shares at Rs. 15.00 per share, running from January 13, 2026 to January 28, 2026. Trading members and custodian members must use the iBBS and RTRMS platforms to facilitate bidding for investors holding shares in demat form.
Key Points
- Security: ESHA MEDIA RESEARCH LTD (Symbol: ESHAMEDIA, ISIN: INE328F01016, Scrip Code: 531259)
- Offer Size: Up to 22,89,802 equity shares
- Offer Price: Rs. 15.00 per share (Face Value: Rs. 10.00)
- Market Lot: 1 share
- Offer Period: January 13, 2026 (Tuesday) to January 28, 2026 (Wednesday)
- Bid Offering Period: January 12-28, 2026, 9:15 AM to 3:30 PM
- Give-up/Take-up Period: January 12-27, 2026, 9:15 AM to 3:30 PM
- Last Day Give-up: January 28, 2026, 9:15 AM to 3:30 PM
- Last Day Take-up: January 28, 2026, 9:15 AM to 4:00 PM (extended by 30 minutes)
Regulatory Changes
This circular provides a revised schedule for an already announced takeover offer. No new regulatory changes are introduced.
Compliance Requirements
- Trading Members and Custodians must use designated platforms for OTB participation:
- iBBS platform: https://ibbs.bseindia.com/ (Internet) or https://ibbsll.bseindia.com/ (Leased Line)
- RTRMS: https://rtrms.bseindia.com/ (Internet) or https://rtrmsll.bseindia.com/ (Leased Line)
- Extranet: https://member.bseindia.com/ (Internet) or https://memberll.bseindia.com/ (Leased Line)
- UCC Registration: Trading members must ensure investor UCC is registered/updated with correct PAN and category in BSE database
- Eligible Bidders: Only investors holding shares in demat form can bid through trading members
- Bidding Categories: FII, FI, MF, IC, OTH (Other QIBs), NOH (Other NIB), CO (Company), IND (Individual)
- Operational Guidelines: Members must refer to Exchange Notices 20150930-1 (September 30, 2015) and 20170203-29 (February 3, 2017) for OTB participation instructions
Important Dates
- January 12, 2026: Bid offering period starts (9:15 AM)
- January 13, 2026: Official opening date of offer
- January 12-27, 2026: Give-up/Take-up period (9:15 AM - 3:30 PM)
- January 28, 2026: Closing date of offer
- Give-up allowed: 9:15 AM - 3:30 PM
- Take-up allowed: 9:15 AM - 4:00 PM
- Bid offering ends: 3:30 PM
- Post-closure: End of issue files available on Extranet after confirmation from Merchant Banker/RTA (only if securities are accepted)
Impact Assessment
Market Impact: Low - This is a company-specific takeover offer affecting only shareholders of ESHA MEDIA RESEARCH LTD, a small-cap security. The offer size of 22.89 lakh shares represents a limited volume.
Operational Impact: Medium for participating members - Trading members and custodians handling ESHAMEDIA shareholders need to:
- Access multiple platforms (iBBS, RTRMS, Extranet)
- Ensure UCC compliance for eligible investors
- Manage bid submissions within specified timings
- Coordinate give-up/take-up activities
Contact Support: BSE has provided detailed contact information for technical support:
- Trading Operations: 022-22728005 (user.trdops@bseindia.com)
- Specific OTB support contacts: Sandeep Pujari, Rushi Bhoir, Hormazdiar Mobedji
- Listing Sales support: Mangesh Tayde, Rinkesh Gaikwad
Note: If no securities are accepted in the offer, no End of Issue files will be generated in the Extranet system.
Impact Justification
Revised schedule for a specific company's takeover offer affecting limited shareholders; operational importance for trading members but narrow market impact limited to one small-cap security