Description

NSE Clearing announces settlement calendar for Eastern Silk Industries Limited OFS with specific timelines for retail and non-retail categories.

Summary

NSE Clearing Limited has issued the settlement calendar for the Offer for Sale (OFS) of shares of Eastern Silk Industries Limited. The circular provides detailed settlement schedules for both retail (RS) and non-retail (IS) categories with specific margin requirements, confirmation dates, and settlement timelines from July 29-31, 2025.

Key Points

  • Settlement follows existing rules for secondary market transactions
  • Different settlement numbers (2025110, 2025111) for different order dates
  • Separate categories for retail (RS) and non-retail (IS) investors
  • Varying margin requirements (0% and 100%) based on category and timing
  • Custodial confirmation required for non-retail categories with specific deadlines

Regulatory Changes

No new regulatory changes introduced. Settlement procedures follow existing secondary market transaction rules as referenced in previous circular NCL/CMPT/67751 dated April 29, 2025.

Compliance Requirements

  • Members/custodians must adhere to specified settlement calendar
  • Custodial confirmation required by specified times (3:30 PM or 7:30 AM)
  • Securities transaction tax (STT) and stamp duty collection on respective settlement days
  • Funds pay-in required by T+1 day at 11:00 AM
  • Securities and funds pay-out by T+1 day at 1:30 PM

Important Dates

  • July 29, 2025: Order date for settlement 2025110 (IS Non-retail)
  • July 30, 2025: Settlement date for 2025110; Order date for settlement 2025111
  • July 31, 2025: Final settlement date for 2025111 (both RS retail and IS non-retail)
  • Confirmation times: 3:30 PM for 100% margin categories, 7:30 AM for 0% margin categories

Impact Assessment

The settlement calendar provides clarity for market participants involved in Eastern Silk Industries Limited OFS. Impact is moderate as it affects specific stock trading procedures and requires coordination between members, custodians, and clearing systems. The structured approach with different categories ensures proper risk management while facilitating efficient settlement processes.

Impact Justification

OFS settlement calendar affects specific stock trading and settlement procedures for market participants