Description

NSE Clearing Limited announces the settlement calendar for the Offer for Sale (OFS) of shares of Andhra Cements Limited, specifying settlement numbers, margin categories, order dates, and settlement dates for retail and non-retail investors.

Summary

NSE Clearing Limited has issued the settlement calendar for the Offer for Sale (OFS) of shares of Andhra Cements Limited. This circular, referencing the earlier circular NCL/CMPT/67751 dated April 29, 2025, specifies that OFS settlements will follow existing secondary market transaction rules.

Key Points

  • Settlement for OFS of Andhra Cements Limited shares follows secondary market transaction rules as per circular NCL/CMPT/67751 (April 29, 2025).
  • Two settlement numbers apply: 2026052 (non-retail/IS orders on March 17, 2026) and 2026053 (retail/RS and non-retail/IS orders on March 18, 2026).
  • Non-retail (IS) investors face 100% margin requirement with custodial confirmation by 3:30 PM; a 0% margin category is also available with next-day morning confirmation.
  • Retail (RS) investors in settlement 2026053 have 100% margin with no custodial confirmation required.
  • STT and stamp duty will be collected on the respective settlement day.

Regulatory Changes

No new regulatory changes introduced. This circular operationalizes the existing OFS settlement framework established under circular NCL/CMPT/67751 dated April 29, 2025.

Compliance Requirements

  • Members and custodians must adhere to the specified settlement calendar for Andhra Cements Limited OFS transactions.
  • Funds pay-in must be completed by T+1 day at 11:00 AM.
  • Securities and funds pay-out will occur by T+1 day at 1:30 PM.
  • Applicable STT and stamp duty to be paid on the respective settlement date.
  • For queries, contact the help desk at 1800 266 0050 (Option 2) or ofs_ncl@nsccl.co.in.

Important Dates

  • March 17, 2026: Order date for Settlement No. 2026052 (non-retail/IS category); custodial confirmation by 3:30 PM; settlement date March 18, 2026.
  • March 18, 2026: Order date for Settlement No. 2026053 (retail RS and non-retail IS); settlement date March 20, 2026.
  • March 20, 2026: Final settlement date for Settlement No. 2026053.

Impact Assessment

This circular is relevant to members, custodians, and PCMs (Professional Clearing Members) participating in the Andhra Cements Limited OFS. Retail investors using the RS series have a simplified process with no custodial confirmation required. Non-retail investors must ensure timely custodial confirmations (3:30 PM on order date for T+1 settlement) or utilize the 0% margin route with next-day morning confirmation. The T+1 settlement timeline aligns with standard secondary market practices, minimizing operational disruption.

Impact Justification

Routine OFS settlement calendar circular affecting members and custodians trading in Andhra Cements Limited shares; operationally important for participants but limited broader market impact.