Description
NSE Clearing Limited has updated the settlement calendar for the takeover offer under the Tender Offer scheme of J.B. Chemicals & Pharmaceuticals Limited, revising the obligation download date to Dec 04, 2025 and settlement date to Dec 05, 2025.
Summary
NSE Clearing Limited has issued a revised settlement calendar for the takeover offer under the Tender Offer scheme of J.B. Chemicals & Pharmaceuticals Limited. This circular updates the previous schedules communicated on November 14, 2025 and November 11, 2025, specifically modifying the obligation download and settlement dates for Settlement No. 2025121.
Key Points
- Trading period: November 18, 2025 to December 01, 2025
- Revised obligation download date: December 04, 2025
- Revised settlement date: December 05, 2025
- Settlement Type: X
- Settlement Number: 2025121
- Schedule may be further revised if there is delay in receiving acceptance details from RTA or delay in funds pay-in by buying trading member
- All other details from circular NCL/CMPT/71296 dated November 14, 2025 remain applicable
Regulatory Changes
No new regulatory changes introduced. This circular only revises the settlement timeline for an existing takeover offer process.
Compliance Requirements
- Members, custodians, and PCMs must note the revised settlement calendar
- Trading members must ensure timely funds pay-in to avoid further schedule revisions
- Participants should refer to previous circular NCL/CMPT/71296 (dated Nov 14, 2025) for all other applicable details and requirements
Important Dates
- Trade Start Date: November 18, 2025
- Trade End Date: December 01, 2025
- Obligation Download Date: December 04, 2025 (revised)
- Settlement Date: December 05, 2025 (revised)
- Circular Issue Date: December 02, 2025
Impact Assessment
Market Impact: Medium - This revision affects parties participating in the takeover offer of J.B. Chemicals & Pharmaceuticals Limited. The delayed settlement schedule provides additional time for processing obligations.
Operational Impact: The revised dates require participants to adjust their internal settlement processes and timelines. Members involved in the tender offer must update their systems and procedures to reflect the new obligation download and settlement dates. The conditional nature of the schedule (subject to RTA acceptance details and funds pay-in) requires participants to remain vigilant for potential further revisions.
Contact Information: For queries, members can contact the help desk at toll-free number 1800 266 00 50 (Option 2) or email ncl_tenderoffer@nsccl.co.in.
Impact Justification
Revised settlement schedule for ongoing takeover offer affects participants in the tender offer process with updated obligation and settlement dates. Impact limited to parties involved in the J.B. Chemicals acquisition.