Description
BSE announces the Offer to Buy (OTB) Acquisition Window schedule for the takeover of PANKAJ POLYMERS LTD (Scrip Code: 531280), with bidding open from 25th February 2026 to 11th March 2026 at an offer price of Rs. 40.00 per share.
Summary
BSE has announced the Live Activities Schedule for the Offer to Buy (OTB) – Acquisition Window under the Takeover provisions for PANKAJ POLYMERS LTD (Symbol: PANKAJPO, Scrip Code: 531280, ISIN: INE698B01011). The offer window opens on 25th February 2026 and closes on 11th March 2026, with an offer price of Rs. 40.00 per share for up to 14,41,414 equity shares.
Key Points
- Security: PANKAJ POLYMERS LTD | Symbol: PANKAJPO | ISIN: INE698B01011 | Scrip Code: 531280
- Offer Size: Up to 14,41,414 equity shares
- Face Value: Rs. 10.00 per share
- Offer Price: Rs. 40.00 per share
- Opening Date: Wednesday, 25th February 2026
- Closing Date: Wednesday, 11th March 2026
- Bid Offering Session Timings: 9:15 a.m. to 3:30 p.m. (25th Feb to 11th March 2026)
- Give-up / Take-up Period: 25th February 2026 to 10th March 2026 (9:15 a.m. – 3:30 p.m.)
- Give-up on last day (11th March 2026): 9:15 a.m. – 3:30 p.m.
- Take-up on last day (11th March 2026): 9:15 a.m. – 4:00 p.m.
- Eligible investor categories include FII, FI, MF, IC, Other QIBs, NIB, Company, and Individual
Regulatory Changes
No new regulatory changes introduced. This circular operationalizes the existing OTB – Acquisition Window mechanism under SEBI Takeover Regulations, referencing prior operational instructions from Exchange Notices 20150930-1 (dated 30 September 2015) and 20170203-29 (dated 3 February 2017).
Compliance Requirements
- Trading Members must ensure the Investor’s UCC is registered and/or updated with the correct PAN Number and Category in the Exchange UCC database.
- Trading Members can bid only for investors holding shares in demat form.
- Members and Custodians should note that if no securities are accepted, no End of Issue files will be generated on the Extranet.
- For Leased Line URL access settings, refer to Exchange Circular No. 20170503-12.
- Platform access:
- iBBS: https://ibbs.bseindia.com/ (Internet) | https://ibbsll.bseindia.com/ (Leased Line)
- RTRMS: https://rtrms.bseindia.com/ (Internet) | https://rtrmsll.bseindia.com/ (Leased Line)
- Extranet: https://member.bseindia.com/ (Internet) | https://memberll.bseindia.com/ (Leased Line)
Important Dates
| Event | Date | Timings |
|---|---|---|
| Bid Offering Period Opens | 25th February 2026 | 9:15 a.m. – 3:30 p.m. |
| Bid Offering Period Closes | 11th March 2026 | 9:15 a.m. – 3:30 p.m. |
| Give-up / Take-up Period | 25th Feb – 10th March 2026 | 9:15 a.m. – 3:30 p.m. |
| Give-up (Last Day) | 11th March 2026 | 9:15 a.m. – 3:30 p.m. |
| Take-up (Last Day) | 11th March 2026 | 9:15 a.m. – 4:00 p.m. |
Impact Assessment
This circular is operationally relevant to trading members and custodians participating in the takeover bid for PANKAJ POLYMERS LTD. The offer price of Rs. 40.00 per share for up to 14,41,414 shares represents a defined exit opportunity for existing shareholders. The impact is limited to participants in this specific security. Members must verify investor UCC/PAN compliance before submitting bids. No broader market or systemic impact is anticipated.
Impact Justification
Stock-specific takeover OTB window with defined schedule; relevant primarily to trading/custodian members and investors holding PANKAJ POLYMERS LTD shares.