Procedure of Dematerialisation
Restriction on transfer of physical shares
In terms of the amendment in Regulation 40 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 vide Gazette notification dated 8th June, 2018, transfer of securities would be carried out in dematerialized form only w.e.f 5th December, 2018. Accordingly, request for effecting transfer of securities shall not be processed unless the securities are held in the Dematerialized form with the depository with effect from 5th December, 2018. Therefore Registrars and Transfer Agent and Company will not be accepting any request for transfer of shares in physical form with effect from 5th December, 2018.This restriction shall not be applicable to the request received for transmission or transposition of physical shares. In this regard, the Company has written to all those shareholders of the Company who hold their shares in physical form, advising them to arrange the dematerialization of their shares at the earliest to avoid any inconvenience in future for transferring those shares.
Procedure of Dematerialisation (DEMAT)
  • You need to first open a Demat A/c with any DP (Depository Participant) of your choice. This is like a bank a/c - in bank you keep money and in a demat a/c you keep shares.
    The list of DPs is available on the websites of depositories: CDSL (Central Depository Services(India) Ltd and NSDL (National Securities Depository Ltd)
  • Obtain your Demat A/c No. from your DP. This is also called beneficial owner identification number (BO ID). All your purchases/ investments in shares will be credited to this account. If you sell your securities, your demat account will be debited.
  • Obtain a Demat Request Form (DRF) from your DP and surrender your physical share certificates to your DP along with this DRF.
  • Your DP will then forward your share certificates to the Company or its RTA (Registrar and Share Transfer Agent).
  • Your DP will credit the holding of your shares into your demat account, electronically. Dematerialization will normally take about 3 weeks.