Description

Revised schedule for offer to buy acquisition window (takeover) of ESHA MEDIA RESEARCH LTD shares from January 13-28, 2026, with offer price of Rs. 15.00 per share for up to 22,89,802 equity shares.

Summary

BSE has issued a revised schedule for the Offer to Buy – Acquisition Window (Takeover) for ESHA MEDIA RESEARCH LTD (Symbol: ESHAMEDIA, Scrip Code: 531259, ISIN: INE328F01016). The offer is for up to 22,89,802 equity shares at Rs. 15.00 per share with a face value of Rs. 10.00. The offer period runs from Tuesday, January 13, 2026 to Wednesday, January 28, 2026. Trading members and custodian members are requested to note the revised live activities schedule and operational procedures.

Key Points

  • Offer size: Up to 22,89,802 equity shares of ESHA MEDIA RESEARCH LTD
  • Offer price: Rs. 15.00 per share (Face value: Rs. 10.00)
  • Market lot: 1 share
  • Opening date: Tuesday, January 13, 2026
  • Closing date: Wednesday, January 28, 2026
  • 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)
  • Trading members can only bid for investors having shares in demat form
  • UCC registration with correct PAN and category is mandatory

Regulatory Changes

No new regulatory changes. This circular provides a revised schedule for an already announced takeover offer under existing OTB (Offer to Buy) framework.

Compliance Requirements

  • Trading members and custodian members must note the revised schedule
  • Members must ensure investor UCC is registered/updated with correct PAN number and category in the Exchange UCC database
  • Members can only bid for investors holding shares in demat form
  • Members must refer to Exchange Notices 20150930-1 (September 30, 2015) and 20170203-29 (February 3, 2017) for operational instructions
  • Access OTB module via iBBS platform (Internet: https://ibbs.bseindia.com/ or Leased Line: https://ibbsll.bseindia.com/)
  • Access RTRMS platform (Internet: https://rtrms.bseindia.com/ or Leased Line: https://rtrmsll.bseindia.com/)
  • Files on Extranet available after confirmation from Merchant Banker/RTA post-issue closure

Important Dates

  • January 12, 2026: Bid offering period starts (9:15 AM)
  • January 13, 2026: Official opening date (Tuesday)
  • January 12-27, 2026: Give-up/Take-up period (9:15 AM - 3:30 PM)
  • January 28, 2026: Official closing date (Wednesday)
  • January 28, 2026: Last day for give-up (9:15 AM - 3:30 PM)
  • January 28, 2026: Last day for take-up (9:15 AM - 4:00 PM extended)

Impact Assessment

Market Impact: Minimal. This is a company-specific takeover offer affecting only ESHA MEDIA RESEARCH LTD shareholders and does not have broader market implications.

Operational Impact: Low to medium for trading members and custodians handling ESHA MEDIA RESEARCH LTD shares. They need to be aware of the revised schedule and ensure proper UCC registration for participating investors. The extended take-up window on the last day (until 4:00 PM) provides additional time for finalizing transactions.

Investor Categories Eligible: Foreign Institutional Buyers (FII), Financial Institutions (FI), Mutual Funds (MF), Insurance Companies (IC), Other QIBs (OTH), Other Non-Institutional Buyers (NOH), Companies (CO), and Individuals (IND).

Contact Support: Trading Operations and Listing Sales teams available for technical support regarding iBBS, RTRMS, and Extranet access issues.

Impact Justification

Company-specific takeover offer with limited market-wide impact. Relevant only to shareholders and potential acquirers of ESHA MEDIA RESEARCH LTD.