Description
BSE Notice 20260416-20 detailing the Offer to Buy acquisition window (takeover) schedule for Jolly Plastic Industries Ltd (JOLYPLS), open from 17th April 2026 to 30th April 2026 for up to 63,37,864 equity shares at Rs. 10.00 per share.
Summary
BSE Notice No. 20260416-20 (dated 16 April 2026) sets out the live activities schedule for the Offer to Buy (OTB) – Acquisition Window (Takeover) for JOLLY PLASTIC INDUSTRIES LTD (Scrip Code: 507968, Symbol: JOLYPLS, ISIN: INE289M01016). The offer window runs from Friday, 17th April 2026 to Thursday, 30th April 2026. Trading Members and Custodian Members are required to facilitate investor bids through BSE’s iBBS platform during prescribed session timings.
Key Points
- Offer Size: Up to 63,37,864 equity shares
- Offer Price: Rs. 10.00 per share
- Face Value: Rs. 10.00 | Market Lot: 1
- Opening Date: Friday, 17th April 2026
- Closing Date: Thursday, 30th April 2026
- Bid Offering Period (Live OTB Session): 9:15 a.m. to 3:30 p.m. daily (17th April to 30th April 2026)
- Give-up (last day of offer): 29th April 2026, 9:15 a.m. – 3:30 p.m.
- Take-up (last day of offer): 30th April 2026, 9:15 a.m. – 4:00 p.m.
- Investors must hold shares in demat form to be eligible for bidding
- Trading Members must ensure UCC of investors is registered/updated with correct PAN and Category in Exchange UCC database
Regulatory Changes
No new regulatory changes introduced. This notice operationalises an existing OTB framework under previously issued Exchange Notices:
- Notice No. 20150930-1 dated 30 September 2015
- Notice No. 20170203-29 dated 3 February 2017
For Leased Line URL access settings, refer to Exchange Circular No. 20170503-12.
Compliance Requirements
- Trading Members must register and/or update the Unique Client Code (UCC) of each investor with the correct PAN Number and Investor Category in the BSE UCC database prior to bid submission.
- Members and Custodians may only submit bids for investors holding shares in demat form.
- Members and Custodians are advised that if no securities are accepted, no End of Issue files will be generated on the Extranet.
- Extranet files for bid acceptance will only be available after the Exchange receives confirmation of acceptance from the Merchant Banker/RTA post issue closure.
Important Dates
| Event | Date | Session Timing |
|---|---|---|
| Offer Opening | Friday, 17th April 2026 | 9:15 a.m. – 3:30 p.m. |
| Live OTB Session (daily) | 17th April – 30th April 2026 | 9:15 a.m. – 3:30 p.m. |
| Give-up Deadline (last day) | 29th April 2026 | 9:15 a.m. – 3:30 p.m. |
| Take-up Deadline / Offer Close | 30th April 2026 | 9:15 a.m. – 4:00 p.m. |
Impact Assessment
This circular directly affects Trading Members and Custodian Members who have clients holding shares of JOLLY PLASTIC INDUSTRIES LTD (JOLYPLS). The takeover acquisition window represents a significant liquidity event for shareholders of the company, offering them an opportunity to tender up to 63.37 lakh shares at Rs. 10.00 per share through the BSE OTB platform. Members must act promptly to ensure investor UCCs are compliant, and bids are submitted within the two-week window. The extended Take-up session on the closing day (until 4:00 p.m.) provides a slightly longer window on 30th April for final settlement activities.
Impact Justification
This circular announces a live takeover acquisition window for JOLLY PLASTIC INDUSTRIES LTD involving up to 63.37 lakh shares at Rs. 10 per share, requiring immediate action from trading members and custodians for bid submission within a defined 2-week window.