Description
NSE Clearing updates settlement schedule for the takeover offer under tender offer scheme of Shree Digvijay Cement Company Limited with revised obligation download and settlement dates.
Summary
NSE Clearing Limited has issued a revised settlement calendar for the takeover offer under the tender offer scheme of Shree Digvijay Cement Company Limited. This circular updates the previously communicated settlement schedule with new dates for obligation download and settlement. The revision follows communication from NSE Limited and supersedes the schedules mentioned in earlier circulars dated January 14, 2026.
Key Points
- Settlement Type: X, Settlement Number: 2026001
- Trade period runs from January 5, 2026 to January 19, 2026
- Revised obligation download date: January 23, 2026
- Revised settlement date: January 27, 2026
- Clearing Corporation may further revise schedule if there are delays in receipt of acceptance details from RTA or delays in funds pay-in by buying trading member
- All other details from circular NCL/CMPT/72110 dated January 1, 2026 remain applicable
Regulatory Changes
No new regulatory changes introduced. This circular provides operational updates to the settlement timeline for an ongoing takeover offer process.
Compliance Requirements
- All Members, Custodians, and PCMs must note the revised settlement calendar
- Trading members must ensure timely funds pay-in to avoid further schedule revisions
- Members should refer to circular NCL/CMPT/72110 dated January 1, 2026 for other applicable requirements
- Any clarifications should be directed to the NCL tender offer helpdesk
Important Dates
- Trade Start Date: January 5, 2026
- Trade End Date: January 19, 2026
- Obligation Download: January 23, 2026 (revised)
- Settlement Date: January 27, 2026 (revised)
- Previous Circulars Referenced: NCL/CMPT/72329 and NSE/CMTR/72313 (both dated January 14, 2026), NCL/CMPT/72110 (dated January 1, 2026)
Impact Assessment
Operational Impact: Members and participants in the Shree Digvijay Cement Company takeover offer must adjust their settlement timelines and operational processes to accommodate the revised schedule. The extension of the obligation download date from the originally planned schedule to January 23, 2026 and settlement date to January 27, 2026 provides additional time for processing.
Market Impact: Limited to participants specifically involved in this tender offer scheme. The revision provides flexibility for both the RTA and trading members to complete necessary processes, though it introduces some uncertainty as the schedule remains subject to further revision based on operational factors.
Risk Considerations: Members should be aware that further schedule changes are possible if delays occur in acceptance detail receipt or funds pay-in, requiring continuous monitoring of updates from NSE Clearing.
Impact Justification
Revised settlement schedule for ongoing takeover offer affecting specific trading members and participants in the tender offer scheme. Impact limited to those involved in this corporate action.