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
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.
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
Mumbai - 400 072
Tel: (022) 67720300 / 67720400
Fax: (022) 28591568 / 28508927
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.