Share Transfer

Depository services

The equity shares of the company are under compulsory demat trading by all investors. Shares are available for demat with both the depositories in India — National Securities Depository Ltd (NSDL) and Central Depository Services (India) Ltd (CDSL). Considering the advantages of scripless trading, shareholders holding shares in physical form should consider dematerialisation of their holding. For this purpose, Shareholders will have to open a demat account with a depository participant (DP) registered with either NSDL or CDSL, and then surrender their share certificate(s) for dematerialisation to the company through the DP.

Steps involved in the dematerialisation of shares
  • Shareholder fills out a dematerialisation request form (DRF) and surrenders the defaced share certificate(s) to the DP
  • The DP intimates the company of this request through the system
  • The DP submits the share certificate(s) and the DRF to the company
  • The company updates the register of members and then validates the request
  • The depository credits the DP's account
  • The DP updates the investor's demat account and informs investor

At present, no stamp duty has to be paid on transfer of shares in demat form. Shareholders can also opt for transfer and demat facility.

Name and address of depository

National Securities Depository Ltd
Trade World, 4th Floor
Kamala Mills Compound
Senapati Bapat Marg
Lower Parel, Mumbai - 400 013
Central Depository Services (India) Ltd
Phiroze Jeejeebhoy Towers
16th Floor
Dalal Street
Mumbai - 400 023

Demat

Over 98 percent of outstanding equity in dematerialised form as on 31st March, 2014.

Registrar and transfer agents :

Sharepro Services (India) Private Limited
13AB, Samhita Warehousing Complex
2nd Floor, Sakinaka Telephone Exchange Lane
Off Andheri Kurla Road, Sakinaka
Andheri (East)
Mumbai - 400 072
Tel: (022) 67720300 / 67720400
Fax: (022) 28591568 / 28508927
Email: utcl@shareproservices.com

Share transfer system :

Share transfers in physical form are registered and returned within a period of 12 days from the date of receipt, if the documents are clear in all respects. Shareholders can opt for transfer and demat facility.

Forms