Description

ICCL revises the settlement schedule for the Offer to Buy Acquisition Window (Takeover) for ADC India Communications Limited, with revised obligation download on 21/04/2026 and settlement date on 22/04/2026.

Summary

ICCL (Indian Clearing Corporation Ltd.) has issued a revised settlement schedule for the Offer to Buy – Acquisition Window (Takeover) for ADC India Communications Limited. The bidding window ran from 02/04/2026 to 17/04/2026, with revised obligation download and settlement dates pushed to 21/04/2026 and 22/04/2026 respectively. This notice supersedes the earlier settlement calendar referenced in Notice No. 20260330-18.

Key Points

  • Settlement Type: Takeover; Settlement No.: 2026026
  • Bid period: 02/04/2026 to 17/04/2026
  • Revised Obligation Download Date: 21/04/2026
  • Revised Settlement Date: 22/04/2026
  • Demat shares must be delivered exclusively via the Early Pay-in of Shares mechanism available through both depositories
  • Members/Custodians must use Market Type “(Takeover)” and Settlement No. 2026026 in the depository system
  • Stamp duty charges (client-wise) are available in the MBRSTD_OTB_CM_mmm_SettNo file

Regulatory Changes

This circular revises the previously announced settlement calendar (Notice No. 20260330-18). Members and custodians should refer to Notice No. 20200528-32 dated May 28, 2020 for guidelines on the Mechanism for Acquisition of Shares through Stock Exchange.

Compliance Requirements

  • Members and Custodians must deliver demat shares only through the Early Pay-in of Shares mechanism
  • Correct Market Type “(Takeover)” and Settlement No. 2026026 must be used in depository system entries
  • Members must consult the MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
  • Any clarifications should be directed to relationship managers or the ICCL Help Desk (022-69158590 / 45720490 / 45720690; iccl.helpdesk@icclindia.com)

Important Dates

  • Bid Start Date: 02/04/2026
  • Bid End Date: 17/04/2026
  • Revised Obligation Download Date: 21/04/2026
  • Revised Settlement Date: 22/04/2026

Impact Assessment

This revision affects brokers, members, and custodians participating in the ADC India Communications Limited takeover acquisition process. The revised settlement timeline (obligation download: 21/04/2026; settlement: 22/04/2026) requires prompt action to ensure compliant early pay-in of demat shares. Failure to use the correct market type or settlement number in depository entries could result in settlement failures. Impact is limited to participants in this specific takeover transaction.

Impact Justification

Operational update affecting members and custodians participating in the ADC India Communications Limited takeover acquisition window; revised settlement dates require timely action for demat share delivery and obligation management.