Description
BSE has scheduled an Offer to Buy (Acquisition Window/Takeover) for NIRBHAY COLORS INDIA LTD (NIRBHAYIND, scrip code 526349), open from 26th February 2026 to 12th March 2026, with an offer price of Rs. 10.00 per share for up to 14,79,700 equity shares.
Summary
BSE has announced an Offer to Buy (OTB) – Acquisition Window (Takeover) for NIRBHAY COLORS INDIA LTD (Symbol: NIRBHAYIND, ISIN: INE218T01010, Scrip Code: 526349). The offer is open from Thursday, 26th February 2026 to Thursday, 12th March 2026, at an offer price of Rs. 10.00 per share for up to 14,79,700 equity shares. Trading members and custodian members are required to note the session schedule and platform access details.
Key Points
- Security: NIRBHAY COLORS INDIA LTD | Symbol: NIRBHAYIND | ISIN: INE218T01010 | Scrip Code: 526349
- Offer Size: Up to 14,79,700 equity shares
- Offer Price: Rs. 10.00 per share | Face Value: Rs. 10.00 | Market Lot: 1
- Opening Date: Thursday, 26th February 2026
- Closing Date: Thursday, 12th March 2026
- Bid Offering Period: 26th February 2026 to 12th March 2026, 9:15 a.m. – 3:30 p.m.
- Give-up / Take-up Period: 26th February 2026 to 11th March 2026, 9:15 a.m. – 3:30 p.m.
- Give-up (last day): 12th March 2026, 9:15 a.m. – 3:30 p.m.
- Take-up (last day): 12th March 2026, 9:15 a.m. – 4:00 p.m.
- Bidding categories include FII, FI, MF, IC, Other QIBs, NIB, Company, and Individual investors.
Regulatory Changes
No new regulatory changes are introduced. This circular operationalizes the OTB Acquisition Window under existing SEBI takeover regulations. Members are referred to Exchange Notices 20150930-1 (dated 30 September 2015) and 20170203-29 (dated 3 February 2017) for existing operational instructions.
Compliance Requirements
- Trading members must ensure the UCC (Unique Client Code) of each investor is registered and/or updated with the correct PAN Number and Category in the Exchange UCC database.
- Trading members can only bid 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.
- Extranet files for acceptance of bids will be available only after confirmation of acceptance is received from the Merchant Banker/RTA post issue closure.
- For Leased Line URL access configuration, refer to Exchange Circular No. 20170503-12.
Important Dates
| Event | Date | Time |
|---|---|---|
| Offer Opens | 26th February 2026 | 9:15 a.m. |
| Bid Offering Period Ends | 12th March 2026 | 3:30 p.m. |
| Give-up / Take-up Period Ends | 11th March 2026 | 3:30 p.m. |
| Give-up Last Day | 12th March 2026 | 3:30 p.m. |
| Take-up Last Day | 12th March 2026 | 4:00 p.m. |
| Offer Closes | 12th March 2026 | — |
Impact Assessment
This circular directly impacts trading members and custodians participating in the takeover of NIRBHAY COLORS INDIA LTD. The offer price of Rs. 10.00 per share (equal to face value) and the size of up to 14,79,700 shares indicate a relatively small-cap acquisition. Participants must ensure platform readiness on iBBS (https://ibbs.bseindia.com/) and RTRMS (https://rtrms.bseindia.com/) before the opening date of 26th February 2026. Non-compliance with UCC registration or demat requirements could result in ineligibility to participate. The extended session on the last day for Take-up (until 4:00 p.m.) warrants specific attention for custodians.
Impact Justification
This circular announces a live takeover acquisition window for NIRBHAY COLORS INDIA LTD affecting trading members, custodians, and investors; specifies mandatory participation timelines, bidding categories, and platform access requirements, making compliance critical for all involved parties.