Description
BSE announces the Offer to Buy (Acquisition Window/Takeover) schedule for Kesoram Industries Ltd (KESORAMIND), with bidding open from 25 February to 12 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 (Symbol: KESORAMIND, Scrip Code: 502937, ISIN: INE087A01019). The offer runs from 25 February 2026 to 12 March 2026, with an offer price of Rs. 5.48 per share for up to 8,07,72,600 equity shares. Trading Members and Custodian Members are required to participate via the iBBS and RTRMS platforms.
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 | Market Lot: 1
- Opening Date: Thursday, 25 February 2026
- Closing Date: Thursday, 12 March 2026
- Bid Offering Period: 25 February – 12 March 2026, 9:15 a.m. to 3:30 p.m.
- Give-up / Take-up: 25 February – 11 March 2026, 9:15 a.m. to 3:30 p.m.
- Give-up (last day): 12 March 2026, 9:15 a.m. to 3:30 p.m.
- Take-up (last day): 12 March 2026, 9:15 a.m. to 4:00 p.m.
- 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/Acquisition Window framework under SEBI Takeover Regulations. Members are referred to Exchange Notices 20150930-1 (dated 30 September 2015) and 20170203-29 (dated 3 February 2017) for operational instructions.
Compliance Requirements
- Trading Members must ensure the Unique Client Code (UCC) of each investor is registered and/or updated with the correct PAN Number and Category in the Exchange UCC database.
- Trading Members may bid only for investors holding shares in demat form.
- Members and Custodians should note that End of Issue files on Extranet will only be generated if securities are accepted.
- Platform access:
- iBBS (Internet): https://ibbs.bseindia.com/
- iBBS (Leased Line): https://ibbsll.bseindia.com/
- RTRMS (Internet): https://rtrms.bseindia.com/
- RTRMS (Leased Line): https://rtrmsll.bseindia.com/
- Extranet (Internet): https://member.bseindia.com/
- Extranet (Leased Line): https://memberll.bseindia.com/
- For Leased Line URL configuration, refer to Exchange Circular No. 20170503-12.
Important Dates
| Event | Date | Timing |
|---|---|---|
| Offer Opens | 25 February 2026 | 9:15 a.m. |
| Bid Offering Period Ends | 12 March 2026 | 3:30 p.m. |
| Give-up / Take-up Last Day | 12 March 2026 | — |
| Take-up Session Closes (Last Day) | 12 March 2026 | 4:00 p.m. |
Impact Assessment
This circular has high impact on shareholders and trading members dealing in Kesoram Industries Ltd (KESORAMIND). The offer covers up to 8,07,72,600 shares at Rs. 5.48 per share, representing a significant acquisition. Eligible investors across multiple categories (FII, MF, IC, Individual, etc.) may tender shares during the live OTB session. Trading Members and Custodians must ensure timely UCC compliance and platform readiness. No trading in normal market is affected; activity is confined to the OTB module.
Impact Justification
A live takeover acquisition window affecting shareholders of Kesoram Industries Ltd (scrip code 502937) with a large offer size of over 8 crore shares and a defined offer price, requiring trading members and custodians to take specific actions within the bidding window.