Description
BSE revised the settlement calendar for the Offer to Buy – Acquisition Window (Takeover) for Pankaj Polymers Limited, updating the obligation download and settlement dates for Settlement No. 2026019.
Summary
BSE (via Indian Clearing Corporation Ltd.) has issued a revised settlement calendar for the Offer to Buy – Acquisition Window (Takeover) pertaining to Pankaj Polymers Limited (Settlement No. 2026019). The acquisition window ran from 25 February 2026 to 11 March 2026, and the revised schedule updates the obligation download date to 17 March 2026 and the settlement date to 18 March 2026. This circular supersedes the earlier Notice No. 20260223-29.
Key Points
- Revised settlement calendar issued for Takeover Settlement No. 2026019 for Pankaj Polymers Limited.
- Bid period: 25 February 2026 to 11 March 2026 (unchanged).
- Revised Obligation Download Date: 17 March 2026.
- Revised Settlement Date: 18 March 2026.
- Demat shares must be delivered exclusively through the Early Pay-in of Shares mechanism, available on both depositories (NSDL and CDSL).
- Members/Custodians must use Market Type “(Takeover)” and Settlement No. 2026019 in the depository system.
- Members should refer to Notice No. 20200528-32 (dated 28 May 2020) for settlement guidelines under the Revised Mechanism for acquisition of shares through Stock Exchange.
- Members must refer to the MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges.
Regulatory Changes
No new regulatory changes introduced. This circular revises previously announced settlement dates under the existing framework for acquisition of shares through the Stock Exchange as per Notice No. 20200528-32.
Compliance Requirements
- Members and Custodians must use the Early Pay-in of Shares mechanism for demat share delivery — no alternative delivery method is permitted.
- Must correctly specify Market Type “(Takeover)” and Settlement No. 2026019 when submitting instructions in the depository system.
- Must download and process client-wise Stamp Duty charges from the MBRSTD_OTB_CM_mmm_SettNo file.
- For queries, contact ICCL Help Desk at 022-69158590 / 45720490 / 45720690 or iccl.helpdesk@icclindia.com.
Important Dates
| Event | Date |
|---|---|
| Bid Start Date | 25 February 2026 |
| Bid End Date | 11 March 2026 |
| Revised Obligation Download Date | 17 March 2026 |
| Revised Settlement Date | 18 March 2026 |
| Circular Date | 13 March 2026 |
Impact Assessment
This revision directly impacts members and custodians participating in the Pankaj Polymers Limited takeover acquisition window. The updated settlement timeline (obligation download on 17 March and settlement on 18 March 2026) requires participants to adjust their back-office processing schedules accordingly. The requirement to use only the Early Pay-in mechanism limits flexibility but ensures regulatory compliance. Market-wide impact is minimal as this pertains to a single scrip’s takeover settlement.
Impact Justification
Revised settlement dates affect members and custodians involved in the Pankaj Polymers takeover acquisition window; operationally significant for participants but limited to a specific scrip and settlement cycle.