Description

Revised settlement calendar for the takeover offer of Morganite Crucible India Ltd conducted from December 31, 2025 to January 13, 2026, with new obligation download and settlement dates.

Summary

BSE has revised the settlement schedule for the Offer to Buy - Acquisition Window (Takeover) of Morganite Crucible India Ltd. The takeover offer was conducted from December 31, 2025 to January 13, 2026 under Settlement No. 2025137. The revised obligation download date is January 22, 2026, and the revised settlement date is January 23, 2026.

Key Points

  • Settlement Type: Takeover
  • Settlement Number: 2025137
  • Bid Period: December 31, 2025 to January 13, 2026
  • Demat shares must be delivered only through Early Pay-in of Shares mechanism available in both depositories
  • Market Type “(Takeover)” and Settlement No. 2025137 to be used by Members/Custodians in depository system
  • Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
  • This circular revises Notice No. 20251229-4

Regulatory Changes

No new regulatory changes introduced. This circular provides a revised timeline for an existing takeover settlement process.

Compliance Requirements

  • Members and Custodians must use Early Pay-in of Shares mechanism for delivery of demat shares
  • Members/Custodians must specify Market Type “(Takeover)” and Settlement No. 2025137 in the depository system
  • Members must refer to Notice No. 20200528-32 dated May 28, 2020 regarding settlement as per Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange
  • Members should consult MBRSTD_OTB_CM_mmm_SettNo file for applicable client-wise Stamp Duty charges

Important Dates

  • Bid Start Date: December 31, 2025
  • Bid End Date: January 13, 2026
  • Revised Obligation Download Date: January 22, 2026
  • Revised Settlement Date: January 23, 2026

Impact Assessment

Market Impact: Limited to members and custodians handling shares of Morganite Crucible India Ltd during the takeover process.

Operational Impact: Members and custodians need to adjust their settlement processing schedules to accommodate the revised dates. The two-day extension for obligation download and settlement provides additional time for processing takeover-related transactions.

Contact Information: For clarifications, Members & Custodians may contact ICCL Help Desk at 022-69158590/45720490/45720690 or iccl.helpdesk@icclindia.com

Impact Justification

Company-specific settlement revision for takeover offer affecting members and custodians dealing with Morganite Crucible India shares during the acquisition window period