Description
NSE Clearing Limited has revised the settlement calendar for the takeover offer under the tender offer scheme of Indo Borax and Chemicals Limited, with the settlement date set for April 30, 2026.
Summary
NSE Clearing Limited has issued a revised settlement calendar for the takeover offer under the tender offer scheme of Indo Borax and Chemicals Limited. This circular supersedes the earlier schedule communicated via circular NCL/CMPT/73666 dated April 9, 2026, and NSE/CMTR/73651 dated April 8, 2026.
Key Points
- Settlement Type: X, Settlement No. 2026031
- Trade period runs from April 10, 2026 to April 24, 2026
- Obligation download date revised to April 29, 2026
- Settlement date revised to April 30, 2026
- All other terms from circular NCL/CMPT/73666 dated April 9, 2026 remain unchanged
- Clearing Corporation may further revise the schedule if there are delays in receipt of acceptance details from RTA or delays in funds pay-in by buying trading members
Regulatory Changes
No new regulatory changes introduced. This circular revises the operational settlement timeline previously established under circular NCL/CMPT/73666 dated April 9, 2026.
Compliance Requirements
- All Members, Custodians, and PCMs are required to take note of the revised settlement calendar
- Members must adhere to the updated obligation download and settlement dates
- Buying trading members must ensure timely funds pay-in to avoid further revision of the settlement schedule
Important Dates
- Trade Start Date: April 10, 2026
- Trade End Date: April 24, 2026
- Obligation Download Date: April 29, 2026
- Settlement Date: April 30, 2026
Impact Assessment
This revision affects members, custodians, and PCMs involved in the Indo Borax and Chemicals Limited takeover tender offer settlement. The impact is limited to participants in this specific settlement. The revised dates push the obligation download and settlement by a few days, requiring participants to adjust their internal processing timelines accordingly. The Clearing Corporation retains the right to further revise the schedule in case of delays from the RTA or buying trading members.
Impact Justification
Operational update revising settlement dates for a specific takeover tender offer; affects members and custodians involved in this specific settlement but has limited broader market impact.