Description

Settlement schedule and timings for the Offer for Sale (OFS) of Hindustan Zinc Limited shares, covering institutional and retail categories with specific margin requirements and settlement dates.

Summary

NSE Clearing Limited has issued the settlement calendar for the Offer for Sale (OFS) of Hindustan Zinc Limited shares. The circular provides detailed settlement schedules for both institutional (non-retail) and retail categories with different margin requirements (100% and 0%) across settlement numbers 2026019 and 2026020. Securities transaction tax (STT) and stamp duty will be collected on respective settlement days.

Key Points

  • Settlement follows existing rules for secondary market transactions
  • Two settlement batches: 2026019 (January 28-29) and 2026020 (January 29-30)
  • Institutional (IS) orders have both 100% and 0% margin categories
  • Retail (RS) orders have 100% margin requirement
  • Funds pay-in required by T+1 day at 11:00 AM
  • Securities and funds pay-out on T+1 day at 01:30 PM
  • STT and stamp duty applicable on settlement day
  • Custodial confirmation timings vary: 03:30 PM or 07:30 AM depending on margin category

Settlement Schedule Details

Settlement 2026019 (Order Date: January 28, 2026)

  • IS (non-retail) 100% margin: Custodial confirmation by 03:30 PM on Jan 28, Settlement on Jan 29
  • IS (non-retail) 0% margin: Custodial confirmation by 07:30 AM on Jan 29, Settlement on Jan 29

Settlement 2026020 (Order Date: January 29, 2026)

  • RS (Retail) 100% margin: No custodial confirmation required, Settlement on Jan 30
  • IS (non-retail) 100% margin: Custodial confirmation by 03:30 PM on Jan 29, Settlement on Jan 30
  • IS (non-retail) 0% margin: Custodial confirmation by 07:30 AM on Jan 30, Settlement on Jan 30

Compliance Requirements

  • Members and custodians must adhere to specified custodial confirmation timings
  • Funds must be paid in by T+1 day at 11:00 AM
  • Members must ensure availability for securities and funds pay-out at T+1 day by 01:30 PM
  • STT and stamp duty obligations must be met on respective settlement days

Important Dates

  • January 28, 2026: Order date for Settlement 2026019 (Institutional non-retail)
  • January 29, 2026: Settlement date for 2026019; Order date for Settlement 2026020
  • January 30, 2026: Settlement date for 2026020 (both Retail and Institutional)

Contact Information

  • Helpdesk: 1800 266 0050 (Option 2)
  • Email: ofs_ncl@nsccl.co.in
  • Issued by: Satish Jathan, Vice President, NSE Clearing Limited

Impact Assessment

This circular has medium impact limited to participants in the Hindustan Zinc OFS. Market members, custodians, and PCMs dealing with this specific OFS must ensure operational readiness for the specified settlement timings and margin requirements. The staggered settlement structure with different margin categories allows flexibility for different investor types while maintaining settlement discipline. Non-compliance with custodial confirmation timings could result in settlement failures.

Impact Justification

Important operational circular for OFS participants but affects only those involved in Hindustan Zinc OFS transactions on specific dates