Description
Revised settlement calendar for the Offer to Buy – Acquisition Window (Takeover) for Morganite Crucible India Ltd, with obligation download date moved to January 22, 2026 and settlement date to January 23, 2026.
Summary
BSE has revised the settlement schedule for the Offer to Buy – Acquisition Window (Takeover) for Morganite Crucible India Ltd (Settlement No. 2025137). The bidding period ran from December 31, 2025 to January 13, 2026. The revised obligation download date is January 22, 2026, with settlement scheduled for January 23, 2026. This revision updates the previously issued Notice No. 20251229-4.
Key Points
- Settlement Type: Takeover (Settlement No. 2025137)
- Bid Period: December 31, 2025 to January 13, 2026
- Revised Obligation Download Date: January 22, 2026
- Revised Settlement Date: January 23, 2026
- Demat shares must be delivered exclusively through Early Pay-in of Shares mechanism available in both depositories
- Members/Custodians must specify Market Type “(Takeover)” and Settlement No. 2025137 in depository system
- Settlement follows Revised Guidelines for Mechanism for acquisition of shares through Stock Exchange (Notice No. 20200528-32 dated May 28, 2020)
Regulatory Changes
No new regulatory changes introduced. This circular revises the settlement timeline for an ongoing takeover process under existing acquisition guidelines.
Compliance Requirements
- Members and Custodians must deliver demat shares through Early Pay-in of Shares mechanism only
- Market Type “(Takeover)” and Settlement No. 2025137 must be used in depository system entries
- Members must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
- Members and Custodians should refer to Notice No. 20200528-32 dated May 28, 2020 for settlement procedures
Important Dates
| Event | Date |
|---|---|
| Bid Start Date | December 31, 2025 |
| Bid End Date | January 13, 2026 |
| Revised Obligation Download | January 22, 2026 |
| Revised Settlement Date | January 23, 2026 |
Impact Assessment
This revision impacts shareholders of Morganite Crucible India Ltd who participated in the takeover offer between December 31, 2025 and January 13, 2026, as well as clearing members and custodians handling the settlement. The one-day delay in settlement timeline provides additional processing time for obligation downloads. Impact is limited to participants in this specific takeover transaction with no broader market implications.
Contact Information
For clarifications:
- ICCL Help Desk: 022-69158590 / 45720490 / 45720690
- Email: iccl.helpdesk@icclindia.com
- Officials: Atharva Naik (Senior Officer), Tajindersingh Virdi (Senior Manager)
Impact Justification
Settlement schedule revision for ongoing takeover process affects specific shareholders and clearing members dealing with Morganite Crucible India Ltd shares. Limited broader market impact.