Description
NSE Clearing announces settlement calendar and procedures for the takeover offer under tender offer scheme of Shree Digvijay Cement Company Limited, with trading window from January 5-16, 2026.
Summary
NSE Clearing Limited has issued the settlement calendar for the takeover offer under tender offer scheme of Shree Digvijay Cement Company Limited. The trading window will run from January 5, 2026 to January 16, 2026, with obligation download scheduled for January 30, 2026 and settlement on February 2, 2026. Members must use the early pay-in mechanism through depositories for tendering demat shares.
Key Points
- Trading period: January 5-16, 2026
- Settlement Type: X, Settlement No: 2026001
- Obligation download: January 30, 2026
- Settlement date: February 2, 2026
- Demat shares must be tendered through early pay-in mechanism for Market Type Buyback
- Early pay-in deadline on trade end date: 3:30 PM
- Securities Transaction Tax (STT) will be collected on settlement day
- Settlement schedule may be revised in case of delays in acceptance details from RTA or funds pay-in
Regulatory Changes
No new regulatory changes introduced. This circular implements existing takeover regulations through the tender offer route for Shree Digvijay Cement Company Limited.
Compliance Requirements
- Members must place early pay-in of shares through depository early pay-in mechanism
- Early pay-in must be completed well in advance on trade end date (January 16, 2026) for order acceptance up to 3:30 PM
- Securities and funds pay-out will be made post receipt of pay-in of funds on settlement day
- Members must refer to the scheme document (referenced in circulars NCL/CMPT/67751 dated April 29, 2025 and NSE/CMTR/72084 dated December 31, 2025)
- Members will receive Tender Offer Acceptance Report detailing accepted, partially accepted, and rejected orders with reason codes
Important Dates
- January 5, 2026: Trade start date
- January 16, 2026: Trade end date (early pay-in deadline 3:30 PM)
- January 30, 2026: Obligation download date
- February 2, 2026: Settlement date
*Note: Dates may be revised if there are delays in receipt of acceptance details from RTA or delay in funds pay-in by buying trading member
Impact Assessment
Market Impact: Medium - affects shareholders of Shree Digvijay Cement Company Limited who wish to participate in the takeover offer. The 12-day trading window provides sufficient opportunity for eligible shareholders to tender their shares.
Operational Impact: Members and custodians must ensure compliance with early pay-in procedures through depository systems. The settlement process includes multiple checkpoints for order validation with 26 defined rejection codes covering various scenarios including signature mismatches, transmission issues, eligibility criteria, and documentation problems.
Investor Impact: Shareholders have a defined window to participate in the tender offer with clear settlement timelines. The comprehensive list of rejection codes (Annexure I) provides transparency on potential reasons for order rejection or partial acceptance.
Impact Justification
Specific settlement schedule for takeover offer affecting Shree Digvijay Cement shareholders with defined trading window and procedures