Description

BSE/ICCL announces the settlement calendar for the Offer to Buy via Acquisition Window (Takeover) for AVI Products India Limited, with bidding from May 13 to May 26, 2026 and settlement on June 5, 2026.

Summary

The Indian Clearing Corporation Ltd. (ICCL) has published the settlement calendar for the Offer to Buy – Acquisition Window (Takeover) for AVI Products India Limited. The bidding window is open from May 13, 2026 to May 26, 2026, with obligations download on June 4, 2026 and final settlement on June 5, 2026. Settlement number is 2026051 under the Takeover market type.

Key Points

  • Settlement Type: Takeover; Settlement No.: 2026051
  • Bid Start Date: May 13, 2026; Bid End Date: May 26, 2026
  • Obligation Download Date: June 4, 2026; Settlement Date: June 5, 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 “(Takeover)” and Settlement No. 2026051 in the depository system
  • CDSL & NSDL early pay-in securities will be earmarked/blocked in the client’s account under the requisite market type and settlement number
  • Members and Custodians are NOT required to upload any EPN file
  • Members should refer to the MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges

Regulatory Changes

No new regulatory changes are introduced. Members/Custodians are directed to refer to Notice No. 20200528-32 dated May 28, 2020, regarding settlement as per the Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange.

Compliance Requirements

  • Members and 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
  • Early pay-in must be completed sufficiently in advance of the BSE OTB Bidding window closure for placing bids (members) and the confirmation window (custodians)
  • Use the correct Market Type “(Takeover)” and Settlement No. 2026051 in all depository transactions
  • No EPN file upload is required for this settlement

Important Dates

  • May 13, 2026: Bid Start Date
  • May 26, 2026: Bid End Date
  • June 4, 2026: Obligation Download Date
  • June 5, 2026: Settlement Date

Impact Assessment

This notice is operationally relevant for stock exchange members and custodians participating in the takeover acquisition window for AVI Products India Limited. The impact is limited to those involved in this specific acquisition; however, compliance with early pay-in timelines is critical to avoid failed obligations. Investors tendering shares must coordinate with their brokers/custodians well in advance of bid closure to ensure timely earmarking in the depository system.

Impact Justification

Routine settlement schedule notice for a specific takeover acquisition window; affects members and custodians dealing in AVI Products India Limited shares during the specified bid window.