Description

ICCL revises the settlement calendar for the Offer to Buy – Acquisition Window (Takeover) of Stylam Industries Limited, updating obligation download and settlement dates to 12 May 2026 and 13 May 2026 respectively.

Summary

ICCL (Indian Clearing Corporation Ltd.) has issued a revised settlement calendar for the Offer to Buy – Acquisition Window (Takeover) of Stylam Industries Limited under Settlement No. 2026039. The bid window ran from 22 April 2026 to 6 May 2026, and the revised obligation download and settlement dates have been updated to 12 May 2026 and 13 May 2026 respectively.

Key Points

  • Original notice reference: Notice No. 20260420-5
  • Settlement Type: Takeover | Settlement No.: 2026039
  • Bid period: 22 April 2026 to 06 May 2026
  • Revised Obligation Download Date: 12 May 2026
  • Revised Settlement Date: 13 May 2026
  • Demat shares must be delivered exclusively via the Early Pay-in of Shares mechanism available on both depositories
  • Members/Custodians must use Market Type “(Takeover)” and Settlement No. 2026039 in the depository system
  • Stamp duty charges per client are available in the MBRSTD_OTB_CM_mmm_SettNo file

Regulatory Changes

This circular revises the previously published settlement schedule under Notice No. 20260420-5. Members and custodians are also directed to refer to Notice No. 20200528-32 dated 28 May 2020 for guidelines on the mechanism for acquisition of shares through the Stock Exchange.

Compliance Requirements

  • Members and Custodians must deliver demat shares only through the Early Pay-in of Shares mechanism
  • Use Market Type “(Takeover)” and Settlement No. 2026039 when submitting in the depository system
  • Refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
  • Follow the revised settlement dates as updated in this notice

Important Dates

  • Bid Start Date: 22 April 2026
  • Bid End Date: 06 May 2026
  • Revised Obligation Download Date: 12 May 2026
  • Revised Settlement Date: 13 May 2026

Impact Assessment

This update directly affects members and custodians participating in the Stylam Industries Limited takeover settlement. The revised dates require prompt action to ensure demat share delivery is completed via the Early Pay-in mechanism by 12–13 May 2026. Failure to comply with the updated schedule or delivery mechanism could result in settlement obligations not being met. Impact is confined to parties involved in this specific takeover transaction.

Impact Justification

Operational update affecting members and custodians involved in the Stylam Industries takeover settlement; revised dates are imminent (12-13 May 2026), requiring prompt action on demat share delivery via Early Pay-in mechanism.