Description
BSE announces the Offer to Buy (OTB) Acquisition Window for Kesoram Industries Ltd (KESORAMIND), open from 25th February 2026 to 12th March 2026 at an offer price of Rs. 5.48 per share for up to 8,07,72,600 equity shares.
Summary
BSE has announced the Live Activities Schedule for the Offer to Buy (OTB) – Acquisition Window (Takeover) for Kesoram Industries Ltd (Scrip Code: 502937, Symbol: KESORAMIND, ISIN: INE087A01019). The offer is open from 25th February 2026 to 12th March 2026, with an offer price of Rs. 5.48 per share for up to 8,07,72,600 equity shares.
Key Points
- Security: Kesoram Industries Ltd | Symbol: KESORAMIND | ISIN: INE087A01019 | Scrip Code: 502937
- Offer Size: Up to 8,07,72,600 equity shares
- Offer Price: Rs. 5.48 per share
- Face Value: Rs. 10.00 per share
- Market Lot: 1
- Opening Date: Thursday, 25th February 2026
- Closing Date: Thursday, 12th March 2026
- Session Timings: 9:15 a.m. to 3:30 p.m. (Bid Offering Period); Take-up on last day extended to 4:00 p.m.
- Bidding categories include FII, FI, MF, IC, Other QIBs, NIB, Company, and Individual investors
- OTB module accessible via iBBS and RTRMS platforms on both Internet and Leased Line
Regulatory Changes
No new regulatory changes introduced. This circular operationalises the takeover acquisition window under existing OTB framework. Members are referred to Exchange Notices 20150930-1 (dated 30 Sep 2015) and 20170203-29 (dated 3 Feb 2017) for operational instructions.
Compliance Requirements
- Trading Members must ensure UCC (Unique Client Code) of investors 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 the Exchange receives confirmation from the Merchant Banker/RTA post issue closure.
Important Dates
| Event | Date | Timings |
|---|---|---|
| Bid Offering Period Opens | 25th February 2026 | 9:15 a.m. – 3:30 p.m. |
| Give-up / Take-up Period | 25th Feb – 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. |
| Bid Offering Period Closes | 12th March 2026 | 3:30 p.m. |
Impact Assessment
This takeover acquisition window has significant market impact for Kesoram Industries Ltd shareholders and trading participants. The offer targets up to 8.07 crore shares at Rs. 5.48/share, representing a sizable open market acquisition. Trading members and custodians across all investor categories (FII, MF, Insurance, Individuals, etc.) are eligible to participate. The extended 16-day window provides ample opportunity for demat shareholders to tender their shares. Operational readiness on iBBS and RTRMS platforms is essential for seamless participation.
Impact Justification
This circular announces a live takeover acquisition window for Kesoram Industries Ltd involving up to 8.07 crore equity shares at Rs. 5.48/share, requiring immediate action from trading members and custodians during the specified window period.