Description

NSE Clearing Limited announces the settlement calendar for the Offer for Sale of shares of East India Drums and Barrels Manufacturing Limited, with order dates on March 17-18, 2026 and settlement on March 18-20, 2026.

Summary

NSE Clearing Limited has published the settlement calendar for the Offer for Sale (OFS) of shares of East India Drums and Barrels Manufacturing Limited. This circular (ref. NCL/CMPT/73312) supersedes the earlier circular NCL/CMPT/67751 dated April 29, 2025, and provides specific settlement details for non-retail (IS) and retail (RS) categories.

Key Points

  • OFS order dates are March 17, 2026 (non-retail/IS) and March 18, 2026 (retail/RS and non-retail/IS)
  • Settlement numbers 2026052 and 2026053 apply to the respective tranches
  • Non-retail (IS) orders placed on March 17 settle on March 18, 2026
  • Retail (RS) and non-retail (IS) orders placed on March 18 settle on March 20, 2026
  • 100% margin is required for retail (RS) and non-retail (IS) custodial orders; 0% margin for IS non-retail with custodial confirmation
  • Settlement follows existing secondary market transaction rules

Regulatory Changes

No new regulatory changes introduced. This circular operationalizes the framework established under NCL/CMPT/67751 dated April 29, 2025, which mandated OFS settlements to follow existing secondary market rules.

Compliance Requirements

  • Members and custodians must adhere to the specified settlement calendar for all OFS transactions
  • Funds pay-in must be completed by T+1 day, 11:00 AM
  • Securities and funds pay-out will occur on T+1 day by 1:30 PM
  • Applicable Securities Transaction Tax (STT) and stamp duty will be collected on the respective settlement day
  • Custodial confirmation for non-retail IS category on March 17 must be completed by 3:30 PM; on March 18 by 3:30 PM or March 20 by 7:30 AM depending on margin category

Important Dates

  • March 17, 2026: Order date for non-retail (IS) — Settlement No. 2026052
  • March 18, 2026: Settlement date for March 17 orders; also order date for retail (RS) and non-retail (IS) — Settlement No. 2026053
  • March 20, 2026: Settlement date for March 18 orders (both retail and non-retail)
  • Custodial confirmation deadline: 3:30 PM on order date (for 100% margin IS) or 7:30 AM on settlement date (for 0% margin IS)

Impact Assessment

This circular primarily impacts members, custodians, and PCMs participating in the OFS of East India Drums and Barrels Manufacturing Limited. Participants must plan fund and securities availability accordingly, with pay-in by 11:00 AM and pay-out by 1:30 PM on T+1. The two-day OFS window (March 17-18) with staggered settlements (March 18 and March 20) is standard practice and poses no systemic risk. Retail investors have a separate tranche on March 18 settling on March 20.

Impact Justification

Routine OFS settlement calendar notification affecting members and custodians trading East India Drums and Barrels Manufacturing Limited shares; operationally important for participants but limited broader market impact.