Description
BSE/ICCL announces the settlement calendar for the Offer to Buy via Acquisition Window (Takeover) for Shah Foods Limited, with bidding from May 13 to May 26, 2026 and settlement on June 2, 2026.
Summary
ICCL (Indian Clearing Corporation Ltd.) has published the settlement calendar for the Offer to Buy – Acquisition Window (Takeover) for Shah Foods Limited. The bidding window runs from May 13, 2026 to May 26, 2026 under Settlement No. 2026050, with obligations download on June 1, 2026 and final settlement on June 2, 2026.
Key Points
- Settlement Type: Takeover (Settlement No. 2026050)
- Bidding window: May 13, 2026 to 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 to be used in depository system: “(Takeover)” with Settlement No. 2026050
- CDSL and NSDL early pay-in securities will be earmarked/blocked in client accounts under the requisite market type and settlement number
- Members and Custodians are NOT required to upload any EPN file
- Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
Regulatory Changes
No new regulatory changes introduced. Members are directed to refer to 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 and Custodians must use Market Type “(Takeover)” and Settlement No. 2026050 in the depository system for all early pay-in transactions
- Early pay-in of securities must be completed sufficiently in advance of the prescribed timelines for closure of the BSE OTB Bidding Window (for members placing bids) and the Confirmation Window (for Custodians confirming bids)
- Effect of early pay-in must be reflected in BSE/ICCL systems before prescribed bid acceptance/confirmation timelines
- No EPN file upload is required
Important Dates
| Event | Date |
|---|---|
| Bid Start Date | May 13, 2026 |
| Bid End Date | May 26, 2026 |
| Obligation Download | June 1, 2026 |
| Settlement Date | June 2, 2026 |
Impact Assessment
This circular is operationally relevant to stock exchange members and custodians participating in the Shah Foods Limited takeover acquisition process. It provides procedural guidance on the early pay-in mechanism and settlement timelines, ensuring smooth execution of the open offer. The impact is limited to participants in this specific takeover transaction. Investors tendering shares should coordinate with their brokers/custodians to ensure timely early pay-in before the bidding window closes on May 26, 2026.
Impact Justification
Operational notice relevant only to members and custodians participating in the Shah Foods Limited takeover acquisition window; limited to a specific company and defined participant set.