Description
BSE/ICCL announces the settlement calendar for the Offer to Buy – Acquisition Window (Takeover) for Pankaj Polymers Limited, with bidding open from 25 February to 11 March 2026 and settlement on 25 March 2026.
Summary
BSE, through the Indian Clearing Corporation Ltd. (ICCL), has published the settlement calendar for the Offer to Buy – Acquisition Window (Takeover) for Pankaj Polymers Limited. The acquisition window will be open for bidding from 25 February 2026 to 11 March 2026, with the final settlement date on 25 March 2026 under Settlement No. 2026019.
Key Points
- Settlement Type: Takeover | Settlement No.: 2026019
- Bid Start Date: 25 February 2026
- Bid End Date: 11 March 2026
- Obligation Download Date: 24 March 2026
- Settlement Date: 25 March 2026
- Demat shares must be delivered exclusively through the Early Pay-in of Shares mechanism via CDSL or NSDL
- Market Type “(Takeover)” and Settlement No. 2026019 must be used in the depository system by Members/Custodians
- Members/Custodians should refer to Notice No. 20200528-32 (28 May 2020) for revised guidelines on acquisition of shares through stock exchange
- CDSL & NSDL early pay-in securities will be earmarked/blocked in the client’s account; no EPN file upload is required
- Members must refer to the MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
Regulatory Changes
No new regulatory changes introduced. This circular operationalises the existing mechanism for acquisition of shares through the Stock Exchange as per the revised guidelines referenced in Notice No. 20200528-32 dated 28 May 2020.
Compliance Requirements
- Members and Custodians must use Market Type “(Takeover)” and Settlement No. 2026019 in the depository system
- Early pay-in of securities must be completed sufficiently in advance of the BSE OTB Bidding window closure for members and the Custodian confirmation window closure
- Participants must ensure that early pay-in effects are reflected in BSE/ICCL systems before prescribed timelines
- No EPN file upload is required for CDSL or NSDL early pay-in; shares will be automatically earmarked/blocked
- Members must check the MBRSTD_OTB_CM_mmm_SettNo file for applicable Stamp Duty charges per client
- For clarifications, contact ICCL Help Desk at 022-69158590 / 45720490 / 45720690 or iccl.helpdesk@icclindia.com
Important Dates
| Event | Date |
|---|---|
| Circular Issued | 23 February 2026 |
| Bid Start Date | 25 February 2026 |
| Bid End Date | 11 March 2026 |
| Obligation Download | 24 March 2026 |
| Settlement Date | 25 March 2026 |
Impact Assessment
This circular has a targeted operational impact, affecting only members and custodians participating in the Pankaj Polymers Limited takeover acquisition window. The settlement schedule is standard for takeover proceedings on BSE. Participants must plan early pay-in well in advance of bid window closure to avoid non-compliance. There is no broad market or regulatory impact beyond the parties directly involved in this specific acquisition.
Impact Justification
Operational circular relevant to members and custodians participating in the Pankaj Polymers takeover; limited to participants in this specific acquisition window rather than broad market impact.