Description

Settlement calendar for Offer to Buy – Acquisition Window (Takeover) for HARMONY CAPITAL SERVICES LIMITED to be conducted from February 11, 2026 to February 25, 2026.

Summary

BSE has announced the settlement calendar for the Offer to Buy – Acquisition Window (Takeover) for HARMONY CAPITAL SERVICES LIMITED. The bidding period will run from February 11, 2026 to February 25, 2026, with obligation download on March 11, 2026 and settlement on March 12, 2026. This is Settlement No. 2026014.

Key Points

  • Settlement Type: Takeover (Settlement No. 2026014)
  • Bid Start Date: February 11, 2026
  • Bid End Date: February 25, 2026
  • Obligation Download: March 11, 2026
  • Settlement Date: March 12, 2026
  • Demat shares must be delivered through Early Pay-in of Shares mechanism only
  • Market Type “Takeover” and settlement number 2026014 must be used in depository system

Regulatory Changes

No new regulatory changes introduced. This circular implements existing guidelines under the Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange (refer Notice No.20200528-32 dated May 28, 2020).

Compliance Requirements

  • Members/Custodians: Must deliver demat shares only through Early Pay-in of Shares mechanism available in both depositories
  • Market Type Specification: Must use Market Type “Takeover” and Settlement No. 2026014 in depository system
  • Timing: Participants must ensure early pay-in securities are reflected in BSE/ICCL systems before prescribed timelines for bid acceptance/confirmation
  • Depository Process: Complete early pay-in process sufficiently in advance before BSE OTB Bidding window closure
  • CDSL & NSDL: Early pay-in securities will be earmarked/blocked in client accounts in requisite market type and settlement number
  • No EPN File Required: Members & Custodians are NOT required to upload any EPN file
  • Stamp Duty: Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges

Important Dates

  • February 11, 2026: Bid Start Date
  • February 25, 2026: Bid End Date
  • March 11, 2026: Obligation Download
  • March 12, 2026: Settlement Date

Impact Assessment

Market Impact: Low - This is a company-specific takeover settlement schedule affecting only HARMONY CAPITAL SERVICES LIMITED.

Operational Impact: Medium for participants involved - Members and custodians participating in this takeover must ensure compliance with early pay-in mechanisms and timing requirements. The requirement to complete early pay-in sufficiently in advance of bidding window closure requires careful operational planning.

Stakeholders Affected:

  • Shareholders of HARMONY CAPITAL SERVICES LIMITED willing to participate in the takeover offer
  • BSE trading members facilitating the acquisition
  • Custodians handling share delivery
  • ICCL for settlement processing

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

Impact Justification

Company-specific takeover settlement schedule with limited market-wide impact. Relevant primarily to participants involved in the HARMONY CAPITAL acquisition process.