Description
NSE Clearing Limited announces the settlement calendar for the Offer for Sale (OFS) of shares of HMA Agro Industries Limited, with order dates on April 9-10, 2026 and settlement dates on April 10 and 13, 2026.
Summary
NSE Clearing Limited has announced the settlement calendar for the Offer for Sale (OFS) of shares of HMA Agro Industries Limited. The OFS spans two order dates — April 9, 2026 (non-retail) and April 10, 2026 (retail and non-retail) — with settlements on April 10 and April 13, 2026 respectively. Settlement follows existing secondary market transaction rules as per circular NCL/CMPT/67751 dated April 29, 2025.
Key Points
- OFS settlement is governed by existing secondary market transaction rules
- Two settlement numbers: 2026066 (order date April 9) and 2026067 (order date April 10)
- Non-retail (IS) category requires 100% margin with custodial confirmation by 3:30 PM; 0% margin variant has confirmation by 7:30 AM next day
- Retail (RS) category under settlement 2026067 requires 100% margin with no custodial confirmation (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. This circular operationalizes existing OFS settlement rules (per NCL/CMPT/67751 dated April 29, 2025) for this specific OFS transaction.
Compliance Requirements
- Members and custodians must adhere to the specified settlement calendar and timings
- Custodians must confirm non-retail (IS) transactions by the specified confirmation times (3:30 PM or 7:30 AM as applicable)
- 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 days
- For queries, contact the NSE Clearing helpdesk at 1800 266 0050 (Option 2) or ofs_ncl@nsccl.co.in
Important Dates
| Event | Date |
|---|---|
| OFS Order Date (Non-Retail, Settlement 2026066) | April 9, 2026 |
| Settlement Date for 2026066 | April 10, 2026 |
| OFS Order Date (Retail + Non-Retail, Settlement 2026067) | April 10, 2026 |
| Settlement Date for 2026067 | April 13, 2026 |
| Funds Pay-in Deadline | T+1 by 11:00 AM |
| Securities & Funds Pay-out | T+1 by 1:30 PM |
Impact Assessment
This circular has a targeted operational impact on members, custodians, and PCMs (Professional Clearing Members) participating in the HMA Agro Industries Limited OFS. Retail investors are subject to 100% upfront margin with no custodial confirmation required. Non-retail/institutional participants have two margin options (100% with same-day custodial confirmation, or 0% with next-day morning confirmation). The short settlement window (T+1) requires prompt action from all participating entities. Broader market impact is limited to participants in this specific OFS.
Impact Justification
Operational circular relevant to members and custodians participating in the HMA Agro Industries OFS; provides specific settlement schedules and timings but has limited broader market impact.