Description

Revised settlement calendar for the Offer to Buy (Acquisition Window/Takeover) for Morganite Crucible India Ltd, updating obligation download and settlement dates.

Summary

BSE has issued a revised settlement schedule for the Offer to Buy (Acquisition Window/Takeover) for Morganite Crucible India Ltd. The takeover window was conducted from December 31, 2025 to January 13, 2026. The revised obligation download date is January 22, 2026, and the revised settlement date is January 23, 2026. This notice updates the earlier Notice No. 20251229-4.

Key Points

  • Settlement Type: Takeover
  • Settlement Number: 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 only through Early Pay-in of Shares mechanism
  • Market Type “(Takeover)” and settlement number 2025137 to be used in depository system
  • Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges

Regulatory Changes

No new regulatory changes introduced. This circular implements the revised settlement mechanism as per existing guidelines for acquisition of shares through Stock Exchange (Notice No. 20200528-32 dated May 28, 2020).

Compliance Requirements

  • Members and Custodians must deliver demat shares only through Early Pay-in of Shares mechanism available in both depositories
  • Members and Custodians must use Market Type “(Takeover)” and settlement number 2025137 in the depository system
  • 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 guidelines

Important Dates

  • Bid Period: December 31, 2025 to January 13, 2026
  • Revised Obligation Download: January 22, 2026
  • Revised Settlement Date: January 23, 2026
  • Original Notice Reference: Notice No. 20251229-4 dated December 29, 2025

Impact Assessment

This revision affects members and custodians participating in the Morganite Crucible India Ltd takeover offer. The updated settlement timeline provides market participants with revised dates for obligation download and final settlement. Members need to ensure timely delivery of demat shares through the Early Pay-in mechanism and proper use of settlement identifiers in the depository system. For queries, participants can contact ICCL Help Desk at 022-69158590/45720490/45720690 or iccl.helpdesk@icclindia.com.

Impact Justification

Settlement schedule revision for specific takeover offer affecting participants in the acquisition window; requires timely action by members and custodians for delivery obligations.