Description
BSE announces the settlement calendar for the Offer to Buy Acquisition Window (Takeover) for Nirbhay Colours India Ltd, with bidding period from 26 February to 12 March 2026 and settlement on 30 March 2026.
Summary
BSE, via Indian Clearing Corporation Ltd (ICCL), has published the settlement calendar for the Offer to Buy – Acquisition Window (Takeover) for Nirbhay Colours India Ltd. The bidding window opens on 26 February 2026 and closes on 12 March 2026, with the obligation download on 27 March 2026 and final settlement on 30 March 2026 under Settlement No. 2026021.
Key Points
- Settlement Type: Takeover | Settlement No.: 2026021
- Bid Start Date: 26/02/2026 | Bid End Date: 12/03/2026
- Obligation Download Date: 27/03/2026
- Settlement Date: 30/03/2026
- Demat shares must be delivered exclusively via the Early Pay-in of Shares mechanism available through both CDSL and NSDL depositories
- Members/Custodians must use Market Type “(Takeover)” and Settlement No. 2026021 in depository instructions
- CDSL and NSDL will earmark/block securities in client accounts under the requisite market type and settlement number
- No EPN file upload is required from Members or Custodians
- Members should refer to file
MBRSTD_OTB_CM_mmm_SettNofor client-wise Stamp Duty charges
Regulatory Changes
No new regulatory changes introduced. The circular follows existing guidelines per Notice No. 20200528-32 dated 28 May 2020 regarding the Revised Guidelines of Mechanism for Acquisition of Shares through Stock Exchange.
Compliance Requirements
- Members and Custodians must complete early pay-in of securities in the depository system sufficiently in advance of the BSE OTB Bidding window closure timelines
- Early pay-in must be reflected in BSE/ICCL systems before prescribed timelines for bid acceptance/confirmation
- Custodians must confirm bids within the designated confirmation window on the BSE OTB platform
- Members should refer to the Stamp Duty charges file for accurate client-wise duty computation
- For clarifications, contact ICCL Help Desk at 022-69158590 / 45720490 / 45720690 or iccl.helpdesk@icclindia.com
Important Dates
| Event | Date |
|---|---|
| Bid Start Date | 26 February 2026 |
| Bid End Date | 12 March 2026 |
| Obligation Download | 27 March 2026 |
| Settlement Date | 30 March 2026 |
Impact Assessment
This circular is operationally relevant to stock exchange members and custodians participating in the takeover acquisition window for Nirbhay Colours India Ltd. The impact is limited to participants involved in this specific takeover and does not affect broader market operations. Timely early pay-in of shares is critical to ensure bids are accepted; failure to comply with early pay-in timelines may result in bid rejection or settlement failure for the concerned clients.
Impact Justification
Operational settlement circular relevant to members and custodians participating in the takeover acquisition window for a specific company; limited broader market impact.