Description
BSE announces the settlement calendar for the Offer to Buy – Acquisition Window (Takeover) for Kesoram Industries Limited, with bidding from 26 Feb to 12 Mar 2026 and settlement on 18 Mar 2026.
Summary
BSE (via Indian Clearing Corporation Ltd.) has issued the settlement calendar for the Offer to Buy – Acquisition Window (Takeover) for Kesoram Industries Limited. The bidding window opens on 26 February 2026 and closes on 12 March 2026, with obligations to be downloaded by 17 March 2026 and final settlement on 18 March 2026 under Settlement No. 2026020.
Key Points
- Settlement Type: Takeover | Settlement No.: 2026020
- Bid Start Date: 26/02/2026 | Bid End Date: 12/03/2026
- Obligation Download Date: 17/03/2026
- Settlement Date: 18/03/2026
- Demat shares must be delivered exclusively through the Early Pay-in of Shares mechanism via both CDSL and NSDL depositories
- Market Type to use in depository system: “(Takeover)”, Settlement No. 2026020
- CDSL & NSDL will earmark/block client securities in the requisite market type and settlement number
- Members and Custodians are NOT required to upload any EPN file
- Members must refer to
MBRSTD_OTB_CM_mmm_SettNofile for client-wise Stamp Duty charges - Reference notice: No. 20200528-32 dated 28 May 2020 (Revised Guidelines for acquisition via Stock Exchange)
Regulatory Changes
No new regulatory changes introduced. This circular operationalizes the existing mechanism under SEBI’s Revised Guidelines for acquisition of shares through the Stock Exchange, as referenced in Notice No. 20200528-32 dated May 28, 2020.
Compliance Requirements
- Members and Custodians must ensure early pay-in of securities is reflected in BSE/ICCL systems before prescribed timelines for bid acceptance/confirmation on the BSE OTB platform
- Early pay-in must be completed sufficiently in advance before closure of the BSE OTB Bidding window (for members) and Confirmation window (for Custodians)
- Use Market Type “(Takeover)” and Settlement No. 2026020 in all depository system entries
- Review Stamp Duty charges via the designated file reference
- Contact ICCL Help Desk for clarifications: 022-69158590 / 45720490 / 45720690 | iccl.helpdesk@icclindia.com
Important Dates
| Event | Date |
|---|---|
| Circular Date | 25 February 2026 |
| Bid Start Date | 26 February 2026 |
| Bid End Date | 12 March 2026 |
| Obligation Download | 17 March 2026 |
| Settlement Date | 18 March 2026 |
Impact Assessment
This circular directly affects members and custodians participating in the takeover acquisition window for Kesoram Industries Limited. Timely compliance with early pay-in requirements is critical; failure to reflect securities in BSE/ICCL systems before prescribed deadlines may result in rejected bids. The multi-week window (26 Feb – 12 Mar 2026) provides operational lead time, but settlement obligations are firm. Market participants holding or dealing in Kesoram Industries shares should coordinate depository operations promptly to meet the 18 March 2026 settlement.
Impact Justification
Time-sensitive takeover acquisition window with strict settlement deadlines; members and custodians must act within a defined window using early pay-in mechanism or risk non-compliance.