Description
ICCL announces the settlement calendar for the Offer to Buy – Acquisition Window (Takeover) for Tejassvi Aaharam Limited, with bidding from April 28 to May 12, 2026, and settlement on May 26, 2026.
Summary
The Indian Clearing Corporation Ltd. (ICCL) has published the settlement calendar for the Offer to Buy – Acquisition Window (Takeover) for Tejassvi Aaharam Limited. The bidding window opens on April 28, 2026, and closes on May 12, 2026, with final settlement on May 26, 2026 (Settlement No. 2026043). Members and custodians must comply with early pay-in requirements via CDSL and NSDL depositories.
Key Points
- Settlement Type: Takeover (Settlement No. 2026043)
- Bid period runs from April 28, 2026 to May 12, 2026
- Obligation download date: May 25, 2026
- Settlement date: May 26, 2026
- Demat shares must be delivered exclusively via the Early Pay-in of Shares mechanism available on both CDSL and NSDL
- Market Type “(Takeover)” and Settlement No. 2026043 must be used in depository system submissions
- Members and Custodians are NOT required to upload any EPN file
- CDSL & NSDL early pay-in securities will be earmarked/blocked in client accounts under the requisite market type and settlement number
- Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
Regulatory Changes
No new regulatory changes introduced. This notice reaffirms compliance with the Revised Guidelines on the Mechanism for Acquisition of Shares through Stock Exchange as outlined in Notice No. 20200528-32 dated May 28, 2020.
Compliance Requirements
- Members and custodians must complete early pay-in of securities in the depository system sufficiently in advance before the BSE OTB Bidding window closes
- Early pay-in must be reflected in BSE/ICCL systems before prescribed timelines for bid acceptance/confirmation
- Use Market Type “(Takeover)” and Settlement No. 2026043 in all depository system entries
- No EPN file upload is required for this settlement
- Refer to MBRSTD_OTB_CM_mmm_SettNo file for Stamp Duty charges per client
Important Dates
| Event | Date |
|---|---|
| Bid Start Date | April 28, 2026 |
| Bid End Date | May 12, 2026 |
| Obligation Download | May 25, 2026 |
| Settlement Date | May 26, 2026 |
Impact Assessment
This circular has a contained operational impact, relevant primarily to stock brokers, members, and custodians participating in the Tejassvi Aaharam Limited takeover offer. The early pay-in requirement via both depositories (CDSL and NSDL) is standard for acquisition window settlements. Participants must plan their depository operations carefully to ensure securities are earmarked before the OTB bidding window closes. No broader market disruption is anticipated. For clarifications, participants may contact the ICCL Help Desk at 022-69158590/45720490/45720690 or iccl.helpdesk@icclindia.com.
Impact Justification
Operational settlement notice affecting members and custodians participating in the Tejassvi Aaharam Limited takeover; relevant to direct participants but limited broader market impact.