Description

BSE announces the settlement calendar for the Offer to Buy – Acquisition Window (Takeover) for Pankaj Polymers Limited, with bidding open from February 25 to March 11, 2026 and settlement on March 25, 2026.

Summary

BSE, through Indian Clearing Corporation Ltd. (ICCL), has published the settlement calendar for the Offer to Buy – Acquisition Window (Takeover) for Pankaj Polymers Limited. The bidding window runs from February 25, 2026 to March 11, 2026, with the settlement date on March 25, 2026. Members and custodians must use the designated settlement number (2026019) and market type “Takeover” in the depository system.

Key Points

  • Settlement Type: Takeover | Settlement No.: 2026019
  • Bid Start Date: February 25, 2026 | Bid End Date: March 11, 2026
  • Obligation Download Date: March 24, 2026 | Settlement Date: March 25, 2026
  • Demat shares must be delivered exclusively via the Early Pay-in of Shares mechanism available on both CDSL and NSDL depositories
  • Members and custodians must use Market Type “(Takeover)” and Settlement No. 2026019 in the depository system
  • CDSL and NSDL will earmark/block early pay-in securities in clients’ accounts under the requisite market type and settlement number
  • Members and custodians are NOT required to upload any EPN file for early pay-in
  • Members should refer to the MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges

Regulatory Changes

No new regulatory changes introduced. Members are directed to refer to the existing Notice No. 20200528-32 dated May 28, 2020, regarding settlement as per the Revised Guidelines of Mechanism for Acquisition of Shares through Stock Exchange.

Compliance Requirements

  • Members and custodians must ensure early pay-in of securities is reflected in BSE/ICCL systems before the prescribed timelines for bid acceptance and confirmation
  • Early pay-in must be completed sufficiently in advance of the closure of the BSE OTB Bidding window (for members placing bids) and the confirmation window (for custodians confirming bids)
  • Use Market Type “(Takeover)” and Settlement No. 2026019 in all depository submissions
  • No EPN file upload required for early pay-in under this mechanism
  • Review the MBRSTD_OTB_CM_mmm_SettNo file for applicable Stamp Duty charges per client

Important Dates

  • February 25, 2026: Bid Start Date
  • March 11, 2026: Bid End Date
  • March 24, 2026: Obligation Download Date
  • March 25, 2026: Settlement Date

Impact Assessment

This circular is operationally relevant to brokers (members) and custodians participating in the Pankaj Polymers Limited takeover acquisition window. It has no broad market impact but requires participating entities to adhere strictly to the early pay-in timelines and use the correct settlement identifiers to avoid bid rejection or settlement failures. Retail and institutional investors tendering shares in the takeover offer are indirectly affected through their brokers. ICCL Help Desk (022-69158590 / 45720490 / 45720690 | iccl.helpdesk@icclindia.com) is available for clarifications.

Impact Justification

Operational circular relevant to members and custodians participating in the Pankaj Polymers takeover offer; limited to a specific acquisition event with defined settlement timelines.