Description
BSE announces the settlement calendar for the Offer to Buy – Acquisition Window (Takeover) for Nirbhay Colours India Ltd, with bidding open from 26 February to 12 March 2026 and final settlement on 30 March 2026.
Summary
BSE, through 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 final settlement date set for 30 March 2026 under Settlement No. 2026021.
Key Points
- Settlement Type: Takeover | Settlement No.: 2026021
- Bid Start Date: 26 February 2026
- Bid End Date: 12 March 2026
- Obligation Download Date: 27 March 2026
- Settlement Date: 30 March 2026
- Demat shares must be delivered exclusively through the Early Pay-in of Shares mechanism, available on both CDSL and NSDL depositories
- Members/Custodians must use Market Type “(Takeover)” and Settlement No. 2026021 in the depository system
- No EPN file upload is required; CDSL & NSDL will earmark/block securities in client accounts automatically
- Members should refer to Notice No. 20200528-32 (28 May 2020) for revised guidelines on acquisition via stock exchange
Regulatory Changes
No new regulatory changes introduced. This circular operationalises the existing mechanism under SEBI’s Revised Guidelines for acquisition of shares through Stock Exchange, as referenced in Notice No. 20200528-32 dated 28 May 2020.
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
- The 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 OTB platform
- Members should refer to the MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
- ICCL Help Desk contact for clarifications: 022-69158590 / 45720490 / 45720690 | 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 notice is operationally relevant to stock exchange members and custodians participating in the takeover of Nirbhay Colours India Ltd. The impact is limited to those directly involved in the acquisition window. Participants must ensure timely early pay-in of securities to avoid bid rejection. No broad market impact is anticipated; however, failure to comply with the early pay-in timeline could result in bid disqualification for affected members or custodians.
Impact Justification
Operational settlement notice relevant to members and custodians participating in the Nirbhay Colours India Ltd takeover; no systemic market-wide impact but requires timely action from involved participants.