Description
NSE Clearing announces settlement calendar and timings for the Offer for Sale of shares of East India Drums and Barrels Manufacturing Limited, effective January 14-19, 2026.
Summary
NSE Clearing Limited has issued the settlement calendar for the Offer for Sale (OFS) of shares of East India Drums and Barrels Manufacturing Limited. The circular references NCL/CMPT/67751 dated April 29, 2025, and confirms that settlements will follow existing secondary market transaction rules. The settlement calendar covers multiple settlement numbers (2026010 and 2026012) with different margin categories for retail and non-retail investors.
Key Points
- Settlement calendar spans January 14-19, 2026
- Multiple settlement types with varying margin requirements (0% and 100%)
- Different categories: IS (non-retail) and RS (Retail)
- Custodial confirmation required for certain non-retail categories
- Funds pay-in due by T+1 day at 11:00 AM
- Securities and funds pay-out on T+1 day by 01:30 PM
- Securities transaction tax (STT) and stamp duty applicable on respective settlement day
Settlement Schedule Details
Settlement 2026010 (January 14, 2026):
- 100% margin IS (non-retail): Order date Jan 14, custodial confirmation Jan 14 by 03:30 PM, settlement Jan 16
- 0% margin IS (non-retail): Order date Jan 14, custodial confirmation Jan 16 by 07:30 AM, settlement Jan 16
Settlement 2026012 (January 16, 2026):
- 100% margin RS (Retail): Order date Jan 16, no custodial confirmation required, settlement Jan 19
- 100% margin IS (non-retail): Order date Jan 16, custodial confirmation Jan 16 by 03:30 PM, settlement Jan 19
- 0% margin IS (non-retail): Order date Jan 16, custodial confirmation Jan 19 by 07:30 AM, settlement Jan 19
Compliance Requirements
- Members and custodians must adhere to the specified settlement calendar timings
- Custodial confirmations must be submitted by the specified times (03:30 PM or 07:30 AM depending on category)
- Funds pay-in must be completed by T+1 day at 11:00 AM
- Compliance with existing secondary market settlement rules applies
- Payment of applicable STT and stamp duty on settlement day is mandatory
Important Dates
- January 14, 2026: Order date for settlement 2026010
- January 16, 2026: Settlement date for settlement 2026010; Order date for settlement 2026012
- January 19, 2026: Settlement date for settlement 2026012
- T+1 Day 11:00 AM: Funds pay-in deadline
- T+1 Day 01:30 PM: Securities and funds pay-out time
Impact Assessment
Market Impact: Medium - This circular impacts members, custodians, and PCMs participating in the East India Drums and Barrels Manufacturing Limited OFS. The structured settlement calendar ensures orderly processing of both retail and non-retail transactions.
Operational Impact: Members need to ensure compliance with specified timings for custodial confirmations, funds pay-in, and be prepared for the different margin requirements across settlement categories. The differentiation between retail and non-retail segments allows for appropriate risk management.
Contact Information: For queries, members can contact the help desk at 1800 266 0050 (Option 2) or email ofs_ncl@nsccl.co.in.
Impact Justification
Medium importance as it provides essential settlement calendar for a specific OFS transaction affecting members, custodians and PCMs participating in the East India Drums and Barrels Manufacturing Limited offer for sale.