Description

NSE announces Offer for Sale of Eastern Silk Industries Limited (EASTSILK) for March 18-19, 2026, with a floor price of Rs. 63/- for 2,50,000 equity shares via the eOFS platform.

Summary

NSE has announced a proposed Offer for Sale (OFS) for Eastern Silk Industries Limited (Symbol: EASTSILK) scheduled for March 18–19, 2026. The OFS involves 2,50,000 equity shares with a face value of Rs. 2/- each at a floor price of Rs. 63/-. The sale will be conducted via the NSE eOFS platform in accordance with the Interoperability among Clearing Corporations circular NSE/CMTR/72975 dated February 24, 2026.

Key Points

  • OFS size: 2,50,000 equity shares (ISIN: INE962C01035) at a floor price of Rs. 63/-
  • Bidding sessions: March 18 and March 19, 2026, from 09:15 hrs to 15:30 hrs
  • Two series available: IS (non-retail category) and RS (retail category — bid value ≤ Rs. 2 lacs)
  • All eligible Capital Market segment trading members can participate via the eOFS platform
  • Minimum market lot: 1 equity share; tick size: Re. 0.01
  • Unallocated non-retail bids from March 18 can be carried forward to March 19

Regulatory Changes

The OFS is being conducted in accordance with the interoperability framework among Clearing Corporations as per circular NSE/CMTR/72975 dated February 24, 2026. Members must refer to Annexure 3 of NSE/CMTR/43529 dated February 13, 2020 for features and limit settings.

Compliance Requirements

  • Members not yet having Admin user IDs must register on the ENIT portal (https://enit.nseindia.com/MemberPortal/) under ENIT-NEW-TRADE → Membership → Enablement → eOFS
  • Admin user ID requests are processed at 11:00 a.m., 2:00 p.m., and 3:00 p.m.; post-3:00 p.m. requests are processed the next day by 8:45 a.m.
  • Only one Admin user creation request may be raised; requests cannot be modified once submitted
  • Members must ensure that compliant UCCs (Unique Client Codes) for self (PRO) and clients are updated in the UCI system by the day prior to each OFS bidding session
  • UCCs that become compliant on the day of bidding will not be permitted to participate; only UCCs identified as compliant by 22:00 hrs the previous day are eligible
  • Members must ensure sufficient collateral before initiating carry-forward of orders on T+1; orders rejected once for insufficient margins cannot be re-placed

Important Dates

  • March 17, 2026: Circular issued
  • March 17, 2026 (by 22:00 hrs): Deadline for UCC compliance to be updated for March 18 bidding
  • March 18, 2026: Day 1 OFS bidding session (09:15–15:30 hrs)
  • March 18, 2026 (by 22:00 hrs): Deadline for UCC compliance to be updated for March 19 bidding
  • March 19, 2026: Day 2 OFS bidding session with carry-forward option (09:15–15:30 hrs)

Impact Assessment

This circular is relevant to trading members participating in the Capital Market segment who wish to bid in the EASTSILK OFS. Members must ensure timely UCC compliance updates and adequate collateral to avoid rejection. The OFS is small in size (2,50,000 shares) with moderate market impact. Retail investors (bid value ≤ Rs. 2 lacs) have a dedicated RS series, broadening participation. Members with helpdesk queries may contact toll-free number 1800 266 00 50 (Option 1).

Impact Justification

Stock-specific OFS announcement affecting members and clients wishing to participate in EASTSILK bidding; operationally significant for trading members but limited to a single scrip.