Description

Settlement calendar for takeover offer to buy acquisition window for Shashank Traders Limited from February 9 to February 23, 2026.

Summary

BSE has announced the settlement calendar for the Offer to Buy – Acquisition Window (Takeover) for SHASHANK TRADERS LIMITED. The takeover window will be conducted from February 9, 2026 to February 23, 2026, with settlement number 2026012. Members and custodians must use the early pay-in mechanism through depositories for delivery of demat shares.

Key Points

  • Takeover settlement number: 2026012
  • Bid period: February 9, 2026 to February 23, 2026
  • Obligation download date: March 9, 2026
  • Final settlement date: March 10, 2026
  • Demat shares must be delivered through Early Pay-in of Shares mechanism only
  • Market type “Takeover” and settlement number 2026012 to be used in depository systems
  • CDSL & NSDL early pay-in securities will be earmarked/blocked in client accounts
  • No EPN file upload required by members and custodians
  • Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges

Regulatory Changes

No new regulatory changes. The circular references existing guidelines from Notice No.20200528-32 dated May 28, 2020 regarding the revised mechanism for acquisition of shares through stock exchange.

Compliance Requirements

  • Members and custodians must ensure early pay-in of securities is reflected in BSE/ICCL systems before prescribed timelines for accepting/confirming bids on BSE OTB platform
  • Complete early pay-in process in depository system sufficiently in advance before closure of BSE OTB bidding window
  • Use correct market type “Takeover” and settlement number 2026012 in depository transactions
  • Refer to MBRSTD_OTB_CM_mmm_SettNo file for stamp duty charges
  • Follow guidelines per Notice No.20200528-32 dated May 28, 2020

Important Dates

  • February 9, 2026: Bid start date
  • February 23, 2026: Bid end date
  • March 9, 2026: Obligation download date
  • March 10, 2026: Settlement date

Impact Assessment

This circular has limited market-wide impact as it pertains specifically to the takeover process for Shashank Traders Limited. The impact is primarily operational for:

  • Existing shareholders of Shashank Traders Limited who wish to participate in the offer
  • Trading members facilitating client participation in the takeover
  • Custodians managing securities for the acquisition process
  • The acquirer conducting the takeover

The circular provides clear operational guidelines and timeline for the settlement process, ensuring smooth execution of the takeover through the stock exchange mechanism. No changes to existing procedures are introduced.

Impact Justification

Company-specific takeover settlement schedule with limited market-wide impact, relevant primarily to shareholders and participants in the acquisition process for Shashank Traders Limited.