Description
NSE Clearing Limited revises the settlement calendar for the buyback offer under tender offer scheme by EMA Partners India Limited, updating trade and settlement dates for Settlement No. 2026047.
Summary
NSE Clearing Limited has issued a revised settlement calendar for the buyback offer under the tender offer scheme by EMA Partners India Limited. This circular supersedes the trade and settlement dates previously communicated in circular NCL/CMPT/74081 dated May 06, 2026.
Key Points
- Revised settlement schedule issued for Settlement Type X, Settlement No. 2026047
- Trade window runs from May 07, 2026 to May 13, 2026
- Obligation download date set for May 18, 2026
- Final settlement date is May 19, 2026
- NSE Clearing may further revise the schedule if RTA acceptance details are delayed or if buying trading member delays funds pay-in
- All other terms from circular NCL/CMPT/74081 dated May 06, 2026 continue to apply
Regulatory Changes
No new regulatory framework introduced. This is an administrative revision to previously announced settlement dates for an existing buyback offer under the tender offer scheme.
Compliance Requirements
- All Members, Custodians, and PCMs must note and comply with the revised settlement calendar
- Buying trading members must ensure timely funds pay-in to avoid further schedule revision
- Members should monitor for any subsequent notifications from NSE Clearing if further delays occur from RTA or trading members
Important Dates
| Event | Date |
|---|---|
| Trade Start Date | May 07, 2026 |
| Trade End Date | May 13, 2026 |
| Obligation Download | May 18, 2026 |
| Settlement Date | May 19, 2026 |
Impact Assessment
Impact is limited to members, custodians, and PCMs directly participating in the EMA Partners India Limited buyback tender offer. The revised schedule provides updated operational timelines and does not introduce new compliance burdens. Participants should ensure systems and processes are aligned to the updated obligation download (May 18) and settlement (May 19) dates. The contingency clause allows NSE Clearing to notify further revisions if RTA or fund pay-in delays occur.
Impact Justification
Routine administrative revision to settlement schedule for a specific company buyback; affects only members/custodians/PCMs participating in this tender offer, with no broader market-wide regulatory change.