Description

Schedule of activities for the acquisition window (takeover) of Classic Filaments Limited shares, open from February 11-25, 2026, with offer price of Rs. 12.00 per share for up to 15,89,471 equity shares.

Summary

BSE has announced the schedule for an Offer to Buy – Acquisition Window (Takeover) for Classic Filaments Limited (CFL). The offer will be live from February 11-25, 2026, allowing investors to tender up to 15,89,471 equity shares at an offer price of Rs. 12.00 per share. Trading members and custodian members must use the iBBS platform and RTRMS for bidding operations during specified session timings.

Key Points

  • Security: Classic Filaments Limited (Symbol: CFL, Scrip Code: 540310, ISIN: INE181U01018)
  • Offer Size: Up to 15,89,471 equity shares
  • Offer Price: Rs. 12.00 per share
  • Face Value: Rs. 10.00
  • Market Lot: 1 share
  • Offer Period: February 11, 2026 to February 25, 2026
  • Bid Session Timings: 9:15 AM to 3:30 PM (except last day take-up period extends to 4:00 PM)
  • Platforms: iBBS (Internet/Leased Line) and RTRMS for bid submission
  • Investor Categories: FII, FI, MF, IC, OTH, NOH, CO, IND

Regulatory Changes

No new regulatory changes introduced. This circular provides operational instructions for participating in the OTB module as per existing Exchange Notice No. 20150930-1 (September 30, 2015) and 20170203-29 (February 3, 2017).

Compliance Requirements

  • Trading Members: Must ensure investor UCC is registered/updated with correct PAN Number and Category in Exchange UCC database
  • Eligible Bidders: Trading members can only bid for investors holding shares in demat form
  • Platform Access: Members and custodians must use designated URLs for iBBS, RTRMS, and Extranet access
  • File Availability: Acceptance files on Extranet will be available only after confirmation from Merchant Banker/RTA post-issue closure
  • No Securities Accepted: If no securities are accepted, no End of Issue files will be generated in Extranet

Important Dates

  • Offer Opening Date: Wednesday, February 11, 2026
  • Offer Closing Date: Wednesday, February 25, 2026
  • Bid Offering Period: February 11-25, 2026 (9:15 AM - 3:30 PM)
  • Give-up/Take-up Period: February 11-24, 2026 (9:15 AM - 3:30 PM)
  • Last Day Give-up: February 25, 2026 (9:15 AM - 3:30 PM)
  • Last Day Take-up: February 25, 2026 (9:15 AM - 4:00 PM)

Impact Assessment

Market Impact: Low. This is a company-specific takeover offer for Classic Filaments Limited, a small-cap stock. The offer size of approximately 15.89 lakh shares at Rs. 12.00 per share represents a modest transaction value of around Rs. 1.91 crore.

Operational Impact: Medium for participating members. Trading members and custodians handling CFL shareholders need to ensure proper UCC registration, platform access, and adherence to session timings. Members must coordinate with investors holding CFL shares in demat form.

Investor Impact: Relevant only for existing CFL shareholders who may tender their shares during the 15-day offer window. The offer price of Rs. 12.00 per share (20% premium to face value of Rs. 10.00) provides an exit opportunity for shareholders.

Contact Information

Technical Support:

OTB Module Support:

Impact Justification

Company-specific takeover offer with limited market-wide impact. Important for CFL shareholders and trading members handling the offer, but affects only one small-cap stock with modest offer size.