Description
BSE announces the Offer to Buy (OTB) Acquisition Window schedule for NIRBHAY COLORS INDIA LTD (scrip code 526349), with bidding open from 26th February 2026 to 12th March 2026 at an offer price of Rs. 10.00 per share for up to 14,79,700 equity shares.
Summary
BSE has announced the Live Activities Schedule for the Offer to Buy (OTB) – Acquisition Window (Takeover) for NIRBHAY COLORS INDIA LTD (Symbol: NIRBHAYIND, Scrip Code: 526349, ISIN: INE218T01010). The offer window is 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. Trading Members and Custodian Members are required to follow the specified schedule and platform access details.
Key Points
- Security: NIRBHAY COLORS INDIA LTD | Symbol: NIRBHAYIND | Scrip Code: 526349 | ISIN: INE218T01010
- Offer Size: Up to 14,79,700 equity shares
- Offer Price: Rs. 10.00 per share | Face Value: Rs. 10.00 | Market Lot: 1
- Bid Offering Period: 26th February 2026 – 12th March 2026 (9:15 AM – 3:30 PM)
- Give-up / Take-up Period: 26th February 2026 – 11th March 2026 (9:15 AM – 3:30 PM)
- Give-up (last day): 12th March 2026 (9:15 AM – 3:30 PM)
- Take-up (last day): 12th March 2026 (9:15 AM – 4:00 PM)
- OTB platform accessible via iBBS (https://ibbs.bseindia.com/) and RTRMS (https://rtrms.bseindia.com/)
- Bidding categories include FII, FI, MF, IC, Other QIBs, NIB, Company, and Individual investors
Regulatory Changes
No new regulatory changes introduced. This circular operationalizes an existing OTB takeover mechanism per Exchange Notices 20150930-1 (September 30, 2015) and 20170203-29 (February 3, 2017).
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 may 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.
- For Leased Line access setup, refer to Exchange Circular No. 20170503-12.
Important Dates
| Event | Date | Timings |
|---|---|---|
| Bid Offering Period Opens | 26th February 2026 | 9:15 AM – 3:30 PM |
| Give-up / Take-up Period | 26 Feb – 11 Mar 2026 | 9:15 AM – 3:30 PM |
| Give-up (Last Day) | 12th March 2026 | 9:15 AM – 3:30 PM |
| Take-up (Last Day) | 12th March 2026 | 9:15 AM – 4:00 PM |
| Bid Offering Period Closes | 12th March 2026 | 3:30 PM |
Impact Assessment
This circular is operationally relevant to Trading Members and Custodians who hold or manage shares of NIRBHAY COLORS INDIA LTD (scrip code 526349). The offer is at par value (Rs. 10.00), which may limit participation interest unless current market price is at or below the offer price. The offer size of ~14.8 lakh shares is moderate in scale. Members should ensure timely UCC compliance and platform readiness (iBBS/RTRMS) ahead of the 26th February 2026 opening. Broader market impact is minimal as this pertains to a single company’s takeover window.
Impact Justification
Operational notice for trading and custodian members regarding a specific OTB takeover window for a single SME-segment company; relevant to participants holding or wishing to tender shares of NIRBHAY COLORS INDIA LTD but limited in broader market impact.