BSE sets takeover settlement schedule for Lippi Systems Limited
Bidding window for Lippi Systems takeover runs 20-31 July 2026, settlement on 14 August 2026. Members must use early pay-in mechanism.
What changed
- ICCL issued settlement calendar for Lippi Systems takeover offer.
- Bid window: 20 July to 31 July 2026.
- Final settlement on 14 August 2026.
The read
This is a procedural note, but procedural misses can freeze a shareholder out of a takeover. ICCL has laid out the calendar for Lippi Systems Limited's acquisition window: bids open 20 July 2026, close 31 July 2026, with obligation download on 13 August 2026 and final settlement a day later. The key operational requirement is the mandatory early pay-in of demat shares via CDSL or NSDL, using Market Type "(Takeover)" and Settlement No. 2026089. No EPN file needed. For anyone tendering, missing the early pay-in deadline means the bid won't settle. The notice itself is routine; it simply activates the existing framework from 2020, but the dates are not.
Primary source: official circular (PDF)