Share transfers and investor services:
Share transfers in the physical form are presently registered and returned to the shareholders within 12 days of receipt of valid documents. The company's equity shares are available for trading in the dematerialised mode only. The equity shares have been admitted with The National Security Depository Ltd., and Central Depository Services (I) Ltd., bearing ISIN No.INE481G01011. Request for share transfer, sub-division, consolidation, transmission, issue of duplicate share certificates and any investor grievances can be addressed to the registered office or to the Office of the Registrar & Transfer Agents.
Benefits of holding shares In dematerialised form:
In the depository system, the ownership and transfer of securities takes place by means of electronic book entries. This system rids the capital market of the dangers related to handling of paper.
How to get physical shares dematerialised:
Dematerialisation is the process by which physical certificates of an investor are converted to an equivalent number of securities in electronic form and credited in the investor's account with his / her Depository Participant (DP). An investor will have to first open an account with a DP and then request for the dematerialisation of certificates by filling up a Dematerialisation Request Form (DRF), which is available with the DP and submitting the same along with the physical certificates. The investor has to ensure that before the certificates are handed over to the DP for demat, they are defaced by marking "Surrendered for Dematerialisation" on the face of the certificates. Shares are Dematerialised by the Company within 7 days of the receipt of the DRN and the physical shares from the DP, if the same are found in order.
The Company uses ''Electronic Clearing Service'' (ECS) facility for remitting dividend to its shareholders wherever available.
In terms of a notification issued by the Reserve Bank of India, with effect from 1st October, 2009, remittance of dividend through ECS is replaced by "National Electronic Clearing Service" (NECS). Banks have been instructed to move to the NECS platform. The advantages of NECS over ECS include faster credit of remittance to the beneficiary's account, coverage of more bank branches and ease of operations.
NECS essentially operates on the new and unique bank account number, allotted by banks post implementation of Core Banking Solutions (CBS) for centralised processing of inward instructions and efficiency in handling bulk transactions.
To enable remittance of dividend through NECS, Members are requested to provide their new account number allotted to them by their respective banks after implementation of CBS. The account number must be provided to the Company or its RTA in respect of shares held in physical form and to the Depository Participants in respect of shares held in electronic form.
Shareholders residing in other cities are requested to intimate the company under the signature of the sole / first joint holder, the following information, so that the bank account and name and address of the bank can be printed on the dividend warrant:
(A) Name of sole / first joint holder and folio number
(B) Particulars of the bank account:
The company offers nomination facility to its shareholders. A nomination form is enclosed herewith for the convenience of shareholders interested in using the nomination facility.
Non-resident Indian shareholders
Non-resident members are requested to immediately notify
Change in status from non-resident to resident
On change of status from 'Non-Resident' to 'Resident Indian', the shareholder should notify the Company giving his/her Indian address.Change of status is effected only when signature of the first registered holder on the request letter matches with the specimen signature recorded with the Company.
Change in status from non-resident to resident
In case of change of status of the shareholder from 'Resident Indian' to 'Non-resident', an undertaking must be given to the Company not to seek repatriation of dividend and sale proceeds on shares held.
Change of address
Shareholders are required to inform the Company in writing of any change in their address, quoting their folio number.
Change of address is effected only when the signature of the first registered holder on the request letter matches with the specimen signature recorded with the Company.
Change of address of shares held in the demat form should be notified only to the DP.
Consolidation of shareholding into one folio
Shareholders may apply to the Company for consolidation of their shareholding under different folios into one folio.
Correspondence with the Company
Shareholders should quote their folio number or DP and Client ID numbers in all correspondence with the Company. All correspondences regarding shares and debentures should be addressed to the Registered Office of the Company / office of the Registrar & Share Transfer Agents.
Nomination of shares
Section 109A of the Companies Act, 1956, extends a nomination facility to individuals holding shares in physical form in Companies. Shareholders, in particular those holding shares in a single name should, in their own interest, avail of this facility by giving the particulars of their nomination in the prescribed nomination form.