Description
BSE announces the schedule for Offer to Buy (Acquisition Window/Takeover) for Pankaj Polymers Ltd, 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 (Takeover) for Pankaj Polymers Ltd (Scrip Code: 531280, Symbol: PANKAJPO, ISIN: INE698B01011). The offer opens on 25th February 2026 and closes on 11th March 2026, with an offer price of Rs. 40.00 per share and an offer size of 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
- Offer Price: Rs. 40.00 per share
- Face Value: Rs. 10.00 | Market Lot: 1
- Opening Date: Wednesday, 25th February 2026
- Closing Date: Wednesday, 11th March 2026
- Bid Session Timings: 9:15 a.m. to 3:30 p.m. (standard); Take-up on last day until 4:00 p.m.
- OTB accessible via iBBS platform and RTRMS on both Internet and Leased Line connections
- Trading Members must ensure Investor UCC is registered/updated with correct PAN and Category in the Exchange UCC database
- Only demat shares are eligible for bidding
Regulatory Changes
No new regulatory changes introduced. This circular implements the existing OTB framework per Exchange Notices 20150930-1 (September 30, 2015) and 20170203-29 (February 3, 2017) for operational instructions.
Compliance Requirements
- Trading Members and Custodian Members must follow the announced OTB schedule
- Trading Members must verify that Investor UCC is registered and updated with correct PAN Number and Category in the Exchange UCC database
- Members and Custodians must bid only for investors holding shares in demat form
- Members to note: if no securities are accepted, no End of Issue files will be generated on the Extranet
- For new login IDs or password resets, contact Trading Operations at 022-22728005 or user.trdops@bseindia.com
Important Dates
| Activity | From | To | Session Timings |
|---|---|---|---|
| Bid Offering Period | 25th February 2026 | 11th March 2026 | 9:15 a.m. – 3:30 p.m. |
| Give-up / Take-up | 25th February 2026 | 10th March 2026 | 9:15 a.m. – 3:30 p.m. |
| Give-up (last day) | 11th March 2026 | 11th March 2026 | 9:15 a.m. – 3:30 p.m. |
| Take-up (last day) | 11th March 2026 | 11th March 2026 | 9:15 a.m. – 4:00 p.m. |
Impact Assessment
This circular has a medium impact, limited to trading members and custodians participating in the Pankaj Polymers Ltd takeover offer. The offer involves up to 14,41,414 equity shares at Rs. 40.00 per share (total consideration up to ~Rs. 5.77 crore). Eligible investor categories include FIIs, Financial Institutions, Mutual Funds, Insurance Companies, Other QIBs, NIBs, Companies, and Individuals. No systemic market impact is expected; operational focus is on correct UCC registration, demat eligibility, and adherence to the OTB session schedule on the iBBS and RTRMS platforms.
Impact Justification
This circular is relevant primarily to trading members and custodians participating in the takeover offer for Pankaj Polymers Ltd. Impact is medium as it affects a specific scrip with a defined offer size of up to 14,41,414 equity shares at Rs. 40 per share, limited to participants in the OTB mechanism.