Description

Revised settlement calendar for the takeover offer to buy shares of ESHA MEDIA RESEARCH LIMITED conducted from January 13 to January 28, 2026, with updated obligation download and settlement dates.

Summary

BSE has issued a revised settlement schedule for the Offer to Buy under the Acquisition Window (Takeover) for ESHA MEDIA RESEARCH LIMITED. The bidding period ran from January 13, 2026 to January 28, 2026 (Settlement No. 2026006). The revised obligation download date is February 3, 2026, and the revised settlement date is February 4, 2026. This supersedes the earlier notice dated January 14, 2026.

Key Points

  • Settlement Type: Takeover (Settlement No. 2026006)
  • Bid Period: January 13, 2026 to January 28, 2026 (unchanged)
  • Revised Obligation Download Date: February 3, 2026
  • Revised Settlement Date: February 4, 2026
  • Demat shares must be delivered through the Early Pay-in of Shares mechanism only
  • Market Type “(Takeover)” and Settlement No. 2026006 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 regulatory changes introduced. This circular revises the settlement timeline for an existing takeover process.

Compliance Requirements

  • Members and Custodians must deliver demat shares only through the Early Pay-in of Shares mechanism available in both depositories
  • Members and Custodians must use Market Type “(Takeover)” and Settlement No. 2026006 in the depository system along with other required details
  • Members must refer to Notice No. 20200528-32 dated May 28, 2020 regarding settlement as per Revised Guidelines for Mechanism for acquisition of shares through Stock Exchange
  • Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges

Important Dates

  • Bid Start Date: January 13, 2026
  • Bid End Date: January 28, 2026
  • Revised Obligation Download Date: February 3, 2026
  • Revised Settlement Date: February 4, 2026
  • Circular Issue Date: February 2, 2026
  • Reference Notice: Notice No. 20260114-17 dated January 14, 2026

Impact Assessment

Market Impact: Limited to participants in the ESHA MEDIA RESEARCH LIMITED takeover offer. The revision extends the obligation download and settlement dates by one day each, providing members and custodians additional time to fulfill their obligations.

Operational Impact: Members and custodians involved in this specific takeover settlement must adjust their operational schedules to accommodate the revised dates. The mandatory use of Early Pay-in mechanism and specific settlement identifiers requires proper system configuration and coordination with depositories.

Contact Information: For clarifications, members and custodians should contact ICCL Help Desk at 022-69158590/45720490/45720690 or email iccl.helpdesk@icclindia.com.

Impact Justification

Affects members and custodians involved in the takeover settlement for ESHA MEDIA RESEARCH LIMITED. Revision to obligation download and settlement dates requires operational adjustments but is limited to this specific acquisition window.