Description
BSE/ICCL announces the settlement calendar for the Offer to Buy Acquisition Window (Delisting) for Piyush Limited, with bidding from May 12 to May 18, 2026 and settlement on May 27, 2026.
Summary
ICCL (Indian Clearing Corporation Ltd.) has published the settlement calendar for the Offer to Buy – Acquisition Window (Delisting) for Piyush Limited. Bidding will be conducted from May 12, 2026 to May 18, 2026 under Settlement No. 2026048, with the final settlement date of May 27, 2026.
Key Points
- Settlement Type: Delisting; Settlement No. 2026048
- Bid window runs from May 12, 2026 to May 18, 2026
- Demat shares must be delivered exclusively via the Early Pay-in of Shares mechanism available on both CDSL and NSDL
- Members/Custodians must use Market Type “(Delisting)” and Settlement No. 2026048 in the depository system
- Members and Custodians are NOT required to upload any EPN file
- Members should refer to file MBRSTD_OTB_CM_mmm_SettNo for client-wise Stamp Duty charges
Regulatory Changes
No new regulatory changes introduced. Members are referred to the existing Notice No. 20200528-32 dated May 28, 2020 regarding settlement as per Revised Guidelines of Mechanism for Acquisition of Shares through Stock Exchange.
Compliance Requirements
- Members/Custodians must ensure early pay-in of securities is reflected in BSE/ICCL systems before the prescribed timelines for bid acceptance/confirmation on the BSE OTB platform
- For CDSL: clients must transfer securities directly to the early pay-in account of the member/custodian
- For NSDL: securities must be earmarked/blocked in the client’s account; client executes transfer instructions to the member’s NSDL pool account using the correct market type and settlement number
- Early pay-in must be completed sufficiently in advance of the BSE OTB Bidding window closure and Custodian confirmation window
Important Dates
| Event | Date |
|---|---|
| Bid Start Date | 12 May 2026 |
| Bid End Date | 18 May 2026 |
| Obligation Download | 26 May 2026 |
| Settlement Date | 27 May 2026 |
Impact Assessment
This notice is operationally relevant for members and custodians participating in the delisting of Piyush Limited. The impact is limited to participants holding or transacting in Piyush Limited shares during the acquisition window. Strict adherence to early pay-in timelines is required to avoid bid rejection. General market impact is low given the narrow scope.
Impact Justification
Operational notice for members and custodians participating in a delisting acquisition window; limited to a single stock and specific settlement procedures.