Description
NSE Clearing Limited announces the settlement calendar for the Offer for Sale (OFS) of shares of CLC Industries Limited, covering both retail and non-retail segments across two settlement numbers.
Summary
NSE Clearing Limited has published the settlement calendar for the Offer for Sale (OFS) of shares of CLC Industries Limited. The circular details settlement numbers, margin categories, order dates, custodial confirmation timelines, and final settlement dates for both retail and non-retail participants.
Key Points
- Two settlement numbers are involved: 2026052 (Order Date: 17-Mar-2026) and 2026053 (Order Date: 18-Mar-2026)
- Non-retail (IS) orders under Settlement 2026052 settle on 18-Mar-2026; retail (RS) and non-retail orders under 2026053 settle on 20-Mar-2026
- 100% margin is applicable for non-retail custodial and retail categories; 0% margin applies for non-retail non-custodial orders
- Funds pay-in is due by T+1 day at 11:00 AM; Securities and Funds pay-out occurs by T+1 day at 1:30 PM
- Applicable STT and stamp duty will be collected on the respective settlement day
Regulatory Changes
No new regulatory changes are introduced. This circular references existing rules per circular NCL/CMPT/67751 dated April 29, 2025, under which OFS settlements follow secondary market transaction rules.
Compliance Requirements
- Members, custodians, and PCMs must adhere to the specified settlement calendar for CLC Industries OFS
- Custodial confirmation must be completed by 3:30 PM on the confirmation date for non-retail IS orders with 100% margin
- Non-retail IS orders with 0% margin must confirm by 7:30 AM on the settlement date
- Funds pay-in obligations must be met by T+1 at 11:00 AM
Important Dates
- 17-Mar-2026: Order date for Settlement No. 2026052 (non-retail IS); Custodial confirmation by 3:30 PM
- 18-Mar-2026: Settlement date for 2026052; Order date for Settlement No. 2026053 (retail RS and non-retail IS)
- 20-Mar-2026: Settlement date for 2026053 (retail and non-retail)
Impact Assessment
This circular primarily impacts members, custodians, and PCMs participating in the CLC Industries OFS. Participants must align their fund and securities obligations with the stated timelines to avoid settlement failures. Retail investors are subject to 100% margin with a settlement date of 20-Mar-2026. The circular has limited broader market impact but is operationally critical for OFS participants.
Impact Justification
Routine OFS settlement calendar notification relevant to members and custodians participating in CLC Industries OFS; operationally important for participants but limited broader market impact.