Description
Settlement calendar for the takeover offer to buy shares of Classic Filaments Limited through BSE's acquisition window, running from February 11 to February 25, 2026.
Summary
BSE has announced the settlement calendar for the Offer to Buy through Acquisition Window (Takeover) for Classic Filaments Limited. The bidding window will be open from February 11, 2026 to February 25, 2026, with settlement number 2026013. Obligation download is scheduled for March 11, 2026 and final settlement on March 12, 2026.
Key Points
- Settlement Type: Takeover
- Settlement Number: 2026013
- 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 only through Early Pay-in of Shares mechanism
- Market Type “Takeover” and settlement number 2026013 to be used in depository system
- CDSL & NSDL early pay-in securities will be earmarked/blocked in client accounts
- Members NOT required to upload EPN file
Regulatory Changes
No new regulatory changes introduced. This circular implements the existing Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange as referenced in Notice No.20200528-32 dated May 28, 2020.
Compliance Requirements
For Members/Custodians:
- Use Early Pay-in of Shares mechanism available in both depositories
- Specify Market Type “Takeover” and Settlement No. 2026013 in depository system
- Complete early pay-in process sufficiently in advance before BSE OTB bidding window closure
- Ensure early pay-in effect is reflected in BSE/ICCL systems before prescribed timelines
- Refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
- No EPN file upload required as securities will be auto-earmarked/blocked
Timeline Compliance:
- Early pay-in must be completed before prescribed timelines for bid acceptance/confirmation on BSE OTB platform
- Members must complete bids within bidding window
- Custodians must confirm bids within confirmation window
Important Dates
| Event | Date |
|---|---|
| Bid Start Date | February 11, 2026 |
| Bid End Date | February 25, 2026 |
| Obligation Download | March 11, 2026 |
| Settlement Date | March 12, 2026 |
Impact Assessment
Market Impact: Limited to shareholders and trading members involved in Classic Filaments Limited takeover process. This is a company-specific event rather than market-wide regulatory change.
Operational Impact: Members and custodians must ensure early pay-in processing systems are configured for the takeover market type and settlement number. The automated earmarking in CDSL/NSDL systems reduces manual intervention but requires advance planning to meet bid confirmation deadlines.
Stakeholder Impact:
- Shareholders of Classic Filaments Limited can participate in the offer to buy during the 15-day bidding window
- Trading members must coordinate early pay-in timings with depository systems
- Custodians must confirm bids within prescribed windows
Contact for Clarifications: ICCL Help Desk at 022-69158590/45720490/45720690 or iccl.helpdesk@icclindia.com
Impact Justification
Specific to single company takeover process with defined settlement procedures affecting shareholders and trading members of Classic Filaments Limited