Description

Settlement calendar for Offer to Buy through Acquisition Window (Takeover) for SRM ENERGY LIMITED to be conducted from February 11, 2026 to February 25, 2026.

Summary

BSE has announced the settlement calendar for Offer to Buy through Acquisition Window (Takeover) for SRM ENERGY LIMITED. The bidding window will operate from February 11, 2026 to February 25, 2026, with settlement number 2026015. Obligation download is scheduled for March 9, 2026 and settlement date is March 10, 2026.

Key Points

  • Settlement Type: Takeover (Settlement No. 2026015)
  • Bid Period: February 11, 2026 to February 25, 2026
  • Obligation Download Date: March 9, 2026
  • Settlement Date: March 10, 2026
  • Demat shares must be delivered through Early Pay-in of Shares mechanism available in both depositories
  • Market Type “Takeover” and settlement number 2026015 must be used in depository system
  • CDSL & NSDL early pay-in securities will be earmarked/blocked in clients account
  • No EPN file upload required by Members & Custodians

Regulatory Changes

No new regulatory changes introduced. The circular implements existing guidelines as per Notice No.20200528-32 dated May 28, 2020 regarding settlement under Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange.

Compliance Requirements

  • Members/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
  • Members/Custodians: Must complete early pay-in process in Depository system sufficiently in advance before closure of BSE OTB Bidding window
  • Members/Custodians: Must use Market Type “Takeover” and settlement number 2026015 in depository system
  • Members: Should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
  • Members/Custodians: NOT required to upload any EPN file

Important Dates

  • February 11, 2026: Bid Start Date
  • February 25, 2026: Bid End Date
  • March 9, 2026: Obligation Download Date
  • March 10, 2026: Settlement Date

Impact Assessment

Market Impact: Medium - Affects shareholders of SRM Energy Limited who wish to participate in the takeover offer through the acquisition window mechanism.

Operational Impact: Trading members and custodians handling SRM Energy Limited shares must ensure proper early pay-in procedures are followed within specified timelines to enable successful bid placement and confirmation. The earmarking/blocking mechanism in CDSL and NSDL will temporarily restrict these securities during the bidding period.

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

Impact Justification

Specific settlement schedule for takeover acquisition window affecting SRM Energy Limited shareholders and trading members during the bidding period