Description
NSE Clearing revises settlement schedule for NACL Industries Limited takeover offer under tender offer scheme with new settlement date of September 12, 2025.
Summary
NSE Clearing Limited has issued a revised settlement calendar for the takeover offer under the Tender Offer scheme of NACL Industries Limited. The settlement date has been updated to September 12, 2025, with obligation download scheduled for September 11, 2025.
Key Points
- Settlement Type: X
- Settlement Number: 2025074
- Trade period: August 22, 2025 to September 9, 2025
- Revised obligation download date: September 11, 2025
- Revised settlement date: September 12, 2025
- Changes subject to potential further revision based on RTA acceptance details or fund pay-in delays
Regulatory Changes
No regulatory framework changes - this is a schedule revision for an existing takeover offer process.
Compliance Requirements
- Members, custodians, and PCMs must note the revised settlement calendar
- All other details from circular NCL/CMPT/69736 dated August 20, 2025 remain applicable
- Contact help desk for clarifications at ncl_tenderoffer@nsccl.co.in or toll-free 1800 266 00 50 (Option 2)
Important Dates
- Trade End Date: September 9, 2025
- Obligation Download: September 11, 2025
- Settlement Date: September 12, 2025
- Original circular reference: NCL/CMPT/70052 dated September 5, 2025
Impact Assessment
This revision affects participants in the NACL Industries Limited takeover offer by adjusting settlement timing. The change provides updated timeline for obligation processing and settlement completion. Limited impact as it applies only to this specific corporate action.
Impact Justification
Affects settlement timing for NACL takeover offer participants but limited to specific corporate action