Description
NSE Clearing Limited announces the settlement calendar for the Offer for Sale (OFS) of shares of Eastern Silk Industries Limited, with order dates on March 18-19, 2026 and settlement on March 20, 2026.
Summary
NSE Clearing Limited has published the settlement calendar for the Offer for Sale (OFS) of shares of Eastern Silk Industries Limited. The OFS is scheduled across two order dates — March 18, 2026 (non-retail) and March 19, 2026 (retail and non-retail) — with all settlements due on March 20, 2026. This circular references the earlier circular NCL/CMPT/67751 dated April 29, 2025, which established that OFS settlements follow existing secondary market transaction rules.
Key Points
- Two settlement numbers apply: 2026053 (order date March 18) and 2026054 (order date March 19)
- Settlement date for both is March 20, 2026
- Non-retail (IS) category: 100% margin with custodial confirmation by 3:30 PM on the order date; 0% margin with confirmation by 7:30 AM on settlement day
- Retail (RS) category: 100% margin, no custodial confirmation required (NA)
- Funds pay-in deadline: T+1 day by 11:00 AM
- Securities and funds pay-out: T+1 day by 1:30 PM
- Applicable STT and stamp duty will be collected on the respective settlement day
Regulatory Changes
No new regulatory changes introduced. Settlement follows existing secondary market transaction rules as established by circular NCL/CMPT/67751 dated April 29, 2025.
Compliance Requirements
- Members, custodians, and PCMs must adhere to the specified settlement calendar
- Custodial confirmation for non-retail (IS) orders must be completed by the stated deadlines
- Funds pay-in must be completed by T+1 day 11:00 AM
- STT and stamp duty obligations must be met on the respective settlement day
Important Dates
| Event | Date / Time |
|---|---|
| OFS Order Date (Non-Retail) | March 18, 2026 |
| OFS Order Date (Retail & Non-Retail) | March 19, 2026 |
| Custodial Confirmation (IS, Settlement 2026053) | March 18, 2026 by 3:30 PM |
| Custodial Confirmation (IS, Settlement 2026054) | March 19, 2026 by 3:30 PM |
| Settlement Date (Both 2026053 & 2026054) | March 20, 2026 |
| Funds Pay-in Deadline | March 20, 2026 by 11:00 AM |
| Securities & Funds Pay-out | March 20, 2026 by 1:30 PM |
Impact Assessment
This circular has a moderate operational impact on members, custodians, and PCMs participating in the Eastern Silk Industries OFS. Participants must ensure timely custodial confirmations and fund transfers to meet the T+1 settlement obligations. The retail segment has no custodial confirmation requirement, simplifying participation for retail investors. No broader market impact is anticipated beyond the specific OFS participants.
Impact Justification
Routine OFS settlement calendar announcement relevant to members and custodians participating in the Eastern Silk Industries OFS; no systemic regulatory change involved.