Description
BSE/ICCL revises the settlement calendar for the Offer to Buy Acquisition Window (Takeover) of Tejassvi Aaharam Limited, updating obligation download and settlement dates to May 19-20, 2026.
Summary
ICCL (Indian Clearing Corporation Ltd.) has issued a revised settlement schedule for the Offer to Buy – Acquisition Window (Takeover) pertaining to Tejassvi Aaharam Limited. This revision updates the obligation download date to May 19, 2026, and the settlement date to May 20, 2026, superseding the earlier Notice No. 20260427-9. The bid window ran from April 28, 2026 to May 12, 2026.
Key Points
- Settlement Type: Takeover | Settlement No.: 2026043
- Bid period: April 28, 2026 to May 12, 2026 (unchanged)
- Revised Obligation Download Date: May 19, 2026
- Revised Settlement Date: May 20, 2026
- Demat shares must be delivered exclusively via the Early Pay-in of Shares mechanism through either depository
- Market Type
(Takeover)and Settlement No.2026041must be used in the depository system - Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
Regulatory Changes
This circular revises the settlement calendar originally published under Notice No. 20260427-9. No new regulatory framework is introduced; it is an operational amendment to previously announced dates.
Compliance Requirements
- Members and Custodians must deliver demat shares only through the Early Pay-in of Shares mechanism available at both depositories
- When using the depository system, Market Type
(Takeover)and Settlement No.2026041must be specified - Members must consult Notice No. 20200528-32 (dated May 28, 2020) for guidelines on acquisition of shares through Stock Exchange
- Members must refer to the MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
Important Dates
| Event | Date |
|---|---|
| Bid Start Date | April 28, 2026 |
| Bid End Date | May 12, 2026 |
| Revised Obligation Download Date | May 19, 2026 |
| Revised Settlement Date | May 20, 2026 |
Impact Assessment
This revision impacts members and custodians participating in the Tejassvi Aaharam Limited takeover settlement. The updated obligation download and settlement dates (May 19–20, 2026) require these participants to align their back-office and depository operations accordingly. The use of the Early Pay-in mechanism is mandatory, limiting flexibility but ensuring orderly settlement. The impact is limited to parties directly involved in this specific takeover acquisition window.
Impact Justification
Operational update affecting members and custodians involved in the Tejassvi Aaharam Limited takeover settlement; revised dates require timely action but scope is limited to a single company's acquisition window.