Description
NSE Clearing announces the settlement calendar for the takeover offer of Silly Monks Entertainment Limited, with trading from January 16-30, 2026 and settlement on February 10, 2026.
Summary
NSE Clearing Limited has published the settlement calendar for the takeover offer under the Tender Offer scheme of Silly Monks Entertainment Limited. The trading window will be open from January 16-30, 2026, with obligation download on February 9, 2026 and final settlement on February 10, 2026. This circular references previous communications NCL/CMPT/67751 dated April 29, 2025 and NSE/CMTR/72264 dated January 12, 2026.
Key Points
- Settlement Type: X, Settlement Number: 2026007
- Trade Start Date: January 16, 2026
- Trade End Date: January 30, 2026
- Obligation Download: February 9, 2026
- Settlement Date: February 10, 2026
- Settlement schedule may be revised if there are delays in receipt of acceptance details from RTA or funds pay-in by buying trading member
- Demat shares will be tendered only through early pay-in mechanism of depositories for Market Type Buyback
- Early pay-in of shares must be made well in advance for order acceptance up to 3:30 PM on trade end date
- Securities Transaction Tax (STT) will be collected on settlement day
Regulatory Changes
No new regulatory changes introduced. This circular provides operational implementation details for an already announced takeover offer.
Compliance Requirements
- Members must tender demat shares only by placing Early Pay-in of Shares through the early pay-in mechanism of depositories for Market Type Buyback
- Early pay-in of shares must be completed by 3:30 PM on the trade end date (January 30, 2026)
- Securities and Funds pay-out will be made only after receipt of pay-in of funds on Settlement Day
- Members must review the Tender Offer Acceptance Report detailing accepted, partially accepted and rejected orders with reason codes
- STT must be paid on the respective settlement day
- Members should refer to the scheme document for complete details
Important Dates
- January 16, 2026: Trading window opens
- January 30, 2026: Trading window closes; Early pay-in deadline (3:30 PM)
- February 9, 2026: Obligation download date
- February 10, 2026: Settlement date
Impact Assessment
Market Impact: Limited to shareholders and trading members participating in the Silly Monks Entertainment Limited takeover offer. No broader market implications.
Operational Impact: Trading members dealing with this takeover offer must ensure compliance with early pay-in requirements and settlement timelines. The circular includes 26 rejection codes (Annexure I) covering scenarios like signature mismatches, transmission issues, demat account mismatches, and eligibility criteria failures. Members need to be aware of these rejection reasons to ensure successful tender of shares.
Investor Impact: Shareholders of Silly Monks Entertainment Limited wishing to participate in the takeover offer have a 15-day trading window (January 16-30, 2026) to tender their shares. They must ensure proper demat early pay-in procedures are followed to avoid rejection.
Impact Justification
Settlement calendar for a specific takeover offer affecting only shareholders of Silly Monks Entertainment Limited. Important for participants in this tender offer but limited broader market impact.