Description
BSE/ICCL announces the settlement calendar for the Offer to Buy Acquisition Window (Takeover) for Simandhar Impex Limited, with bidding from April 20 to May 4, 2026 and settlement on May 8, 2026.
Summary
ICCL (Indian Clearing Corporation Ltd.) has published the settlement calendar for the Offer to Buy – Acquisition Window (Takeover) for Simandhar Impex Limited. The bidding window runs from April 20, 2026 to May 4, 2026 under Settlement No. 2026037, with final settlement on May 8, 2026.
Key Points
- Settlement Type: Takeover; Settlement No. 2026037
- Demat shares must be delivered exclusively via the Early Pay-in of Shares mechanism available on both CDSL and NSDL depositories
- Market Type “(Takeover)” and Settlement No. 2026037 must be used by Members/Custodians in the depository system
- CDSL & NSDL early pay-in securities will be earmarked/blocked in client accounts under the requisite market type and settlement number
- Members and Custodians are NOT required to upload any EPN file
- Members should refer to the MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
Regulatory Changes
No new regulatory changes introduced. Members are directed to refer to existing Notice No. 20200528-32 dated May 28, 2020, regarding settlement as per Revised Guidelines of the Mechanism for Acquisition of Shares through Stock Exchange.
Compliance Requirements
- Members/Custodians must use Market Type “(Takeover)” and Settlement No. 2026037 in the depository system
- Early pay-in of securities must be completed sufficiently in advance of the BSE OTB Bidding window closure for bid placement by members and confirmation by Custodians
- Ensure early pay-in effect is reflected in BSE/ICCL systems before prescribed timelines
- No EPN file upload is required
Important Dates
| Event | Date |
|---|---|
| Bid Start Date | April 20, 2026 |
| Bid End Date | May 4, 2026 |
| Obligation Download | May 7, 2026 |
| Settlement Date | May 8, 2026 |
Impact Assessment
This circular primarily impacts stock exchange members and custodians participating in the Simandhar Impex Limited takeover acquisition window. Participants must coordinate early pay-in of securities through CDSL/NSDL ahead of OTB window closure. The operational window spans approximately two weeks, requiring timely action from members to avoid bid rejection due to late pay-in. For queries, participants may contact ICCL Help Desk at 022-69158590 / 45720490 / 45720690 or iccl.helpdesk@icclindia.com.
Impact Justification
Routine takeover acquisition window settlement notice affecting members and custodians dealing in Simandhar Impex Limited shares; operationally significant for participants but limited to a specific scrip.