Description
ICCL revises the settlement calendar for the Offer to Buy Acquisition Window (Delisting) of Tulive Developers Limited, with updated obligation download and settlement dates.
Summary
ICCL (Indian Clearing Corporation Ltd.) has issued a revised settlement calendar for the Offer to Buy – Acquisition Window (Delisting) of Tulive Developers Limited. The bidding window ran from April 15, 2026 to April 21, 2026 (Settlement No. 2026034), with updated dates for obligation download and final settlement.
Key Points
- Revised settlement notice references original Notice No. 20260413-18
- Bidding period: April 15, 2026 to April 21, 2026 (Settlement No. 2026034, Type: Delisting)
- Revised Obligation Download Date: April 22, 2026
- Revised Settlement Date: April 23, 2026
- Demat shares must be delivered via the Early Pay-in of Shares mechanism (available on both depositories)
- Members/Custodians must use Market Type “(Delisting)” and Settlement No. 2026034 in the depository system
- Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
Regulatory Changes
No new regulatory changes introduced. This circular revises operational timelines under the existing mechanism for acquisition of shares through Stock Exchange, as per Notice No. 20200528-32 dated May 28, 2020.
Compliance Requirements
- Members and Custodians must use the Early Pay-in of Shares mechanism for delivering demat shares
- Correct Market Type “(Delisting)” and Settlement No. 2026034 must be specified in depository system entries
- Members should consult the MBRSTD_OTB_CM_mmm_SettNo file for Stamp Duty details per client
Important Dates
| Event | Date |
|---|---|
| Bid Start Date | April 15, 2026 |
| Bid End Date | April 21, 2026 |
| Revised Obligation Download | April 22, 2026 |
| Revised Settlement Date | April 23, 2026 |
Impact Assessment
This circular has a targeted operational impact on stock exchange members and custodians participating in the Tulive Developers Limited delisting process. The revision of the obligation download and settlement dates by one day each requires affected parties to update their internal processing timelines accordingly. No broader market impact is anticipated beyond participants directly involved in this delisting transaction.
Impact Justification
Operational circular affecting members and custodians involved in the Tulive Developers delisting process; revises key settlement dates but is limited in scope to participants in this specific delisting.