Description
ICCL revises the settlement schedule for the Offer to Buy Acquisition Window (Takeover) for Indo Borax and Chemicals Limited, updating obligation download and settlement dates to April 29 and 30, 2026 respectively.
Summary
The Indian Clearing Corporation Ltd. (ICCL) has issued a revised settlement schedule for the Offer to Buy – Acquisition Window (Takeover) pertaining to Indo Borax and Chemicals Limited. This supersedes the earlier settlement calendar issued under Notice No. 20260409-4. The bidding period ran from April 10 to April 24, 2026, and the revised obligation download and settlement dates have been pushed to April 29 and April 30, 2026 respectively.
Key Points
- Revised settlement schedule applies to Settlement No. 2026031 (Takeover type) for Indo Borax and Chemicals Limited.
- Bidding window was open from April 10, 2026 to April 24, 2026.
- Revised Obligation Download date: April 29, 2026.
- Revised Settlement Date: April 30, 2026.
- Demat shares must be delivered exclusively through the Early Pay-in of Shares mechanism available on both depositories.
- Members/Custodians must use Market Type “(Takeover)” and Settlement No. 2026031 in the depository system.
Regulatory Changes
No new regulatory changes introduced. This circular amends the settlement timeline originally communicated via Notice No. 20260409-4, aligning with the Revised Guidelines for Mechanism for Acquisition of Shares through Stock Exchange (Notice No. 20200528-32, dated May 28, 2020).
Compliance Requirements
- Members and Custodians must deliver demat shares only via the Early Pay-in of Shares mechanism through both depositories.
- The correct Market Type “(Takeover)” and Settlement No. 2026031 must be specified in all depository system entries.
- Members should refer to the MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges.
- For clarifications, members may contact their relationship managers or the ICCL Help Desk at 022-69158590 / 45720490 / 45720690 or iccl.helpdesk@icclindia.com.
Important Dates
| Event | Date |
|---|---|
| Bid Start Date | April 10, 2026 |
| Bid End Date | April 24, 2026 |
| Revised Obligation Download | April 29, 2026 |
| Revised Settlement Date | April 30, 2026 |
Impact Assessment
This revision directly impacts members and custodians participating in the Indo Borax and Chemicals Limited takeover acquisition window. The updated settlement dates require prompt action by April 29–30, 2026. Failure to comply with the Early Pay-in mechanism or incorrect depository entries could result in settlement failures. The impact is confined to participants in this specific takeover transaction and does not affect the broader market.
Impact Justification
Operational update revising settlement dates for a specific takeover acquisition window; directly affects members and custodians involved in the Indo Borax and Chemicals Limited takeover transaction.