Description
BSE announces the live activities schedule for the Offer to Buy acquisition window (takeover) for Simandhar Impex Ltd, with bidding open from April 20 to May 4, 2026 at an offer price of Rs. 30.00 per share.
Summary
BSE has announced the Offer to Buy (OTB) Acquisition Window schedule for the takeover of Simandhar Impex Ltd (Scrip Code: 544662, ISIN: INE0VI201010). Trading Members and Custodian Members must note the bidding schedule running from April 20, 2026 to May 4, 2026, with an offer price of Rs. 30.00 per share for up to 7,75,310 equity shares.
Key Points
- Offer size: Up to 7,75,310 equity shares of Simandhar Impex Ltd
- Offer price: Rs. 30.00 per share (face value Rs. 10.00)
- Opening date: Monday, 20th April 2026
- Closing date: Monday, 4th May 2026
- Live OTB session timings: 9:15 a.m. to 3:30 p.m. daily; on the last day of take-up, the session extends to 4:00 p.m.
- Give-up period: April 20 to April 30, 2026 (9:15 a.m. – 3:30 p.m.)
- Take-up period closes on May 4, 2026 (9:15 a.m. – 4:00 p.m.)
- Bidding categories include FII, FI, MF, IC, OTH, NOH, CO, and IND
Regulatory Changes
No new regulatory changes introduced. This circular operationalizes the existing OTB framework per Exchange Notices 20150930-1 (September 30, 2015) and 20170203-29 (February 3, 2017).
Compliance Requirements
- Trading Members must ensure the Unique Client Code (UCC) of each investor is registered and/or updated with the correct PAN Number and Category in the Exchange UCC database.
- Members can only bid for investors holding shares in demat form.
- Members and Custodians should note that no End of Issue files will be generated on the Extranet if no securities are accepted.
- Access to iBBS platform (Internet): https://ibbs.bseindia.com/
- Access to RTRMS (Internet): https://rtrms.bseindia.com/
- Extranet file access (Internet): https://member.bseindia.com/
- Leased Line access available for iBBS, RTRMS, and Extranet (refer Circular No. 20170503-12 for configuration)
Important Dates
| Event | Date |
|---|---|
| Offer Opening Date | Monday, 20th April 2026 |
| Give-up Period End | Thursday, 30th April 2026 |
| Offer Closing Date | Monday, 4th May 2026 |
| Take-up Session End | Monday, 4th May 2026 (4:00 p.m.) |
Impact Assessment
This circular is relevant to Trading Members and Custodian Members participating in the OTB acquisition window for Simandhar Impex Ltd. The impact is limited to participants in this specific takeover offer. Members must ensure timely UCC updates and demat verification before placing bids. The extended take-up session on the closing day (until 4:00 p.m.) requires operational attention. Contact for system support is Trading Operations at 022-22728005 or user.trdops@bseindia.com.
Impact Justification
Company-specific takeover offer affecting trading members and custodians dealing in Simandhar Impex Ltd shares; operational in scope with defined schedule and participation instructions.