Description

ICCL announces the settlement schedule for the Offer to Buy via Acquisition Window under Takeover regulations for Switching Technologies Gunther Limited.

Summary

ICCL (Indian Clearing Corporation Limited) has issued Notice No. 20260410-24 dated 10 April 2026 announcing the settlement schedule for the Offer to Buy through the Acquisition Window under Takeover regulations for Switching Technologies Gunther Limited.

Key Points

  • Notice issued by ICCL under the Settlement/RMS category for the General segment
  • Pertains to the Offer to Buy via the BSE Acquisition Window mechanism under SEBI Takeover Regulations
  • Switching Technologies Gunther Limited is the target company for this acquisition/takeover offer
  • Settlement schedule details govern the timelines for tendering and clearing of shares
  • No attachments accompany this notice

Regulatory Changes

No new regulatory changes introduced. This notice operates under the existing SEBI (Substantial Acquisition of Shares and Takeovers) Regulations framework governing open offer / acquisition window settlements.

Compliance Requirements

  • Trading members and custodians participating in the Offer to Buy must adhere to the settlement schedule as prescribed by ICCL
  • Shareholders tendering shares through the acquisition window must ensure timely submission per the schedule
  • Clearing members must complete pay-in and pay-out obligations within the specified settlement dates

Important Dates

  • Notice Date: 10 April 2026
  • Specific settlement dates (pay-in/pay-out) to be referenced in the full notice document at the PDF URL provided

Impact Assessment

This circular has a targeted impact on shareholders and trading members involved in the takeover offer for Switching Technologies Gunther Limited. Participants in the acquisition window must follow the ICCL-prescribed settlement schedule to ensure successful transfer of shares and receipt of consideration. Broader market impact is minimal as this is company-specific.

Impact Justification

Company-specific takeover settlement schedule affecting shareholders of Switching Technologies Gunther Limited; operational impact limited to participants in this acquisition window.