Share Transfer


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

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.

National Securities Depository Ltd., Trade World, 4th Floor, Kamala Mills Compound, Senapati Bapat Marg,
Lower Parel, Mumbai - 400 013.

Central Depository Services (India) Ltd., Marathone Futurex, A-wing, 25th Floor, N.M.Joshi Marg, Lower Parel, Mumbai-400013.

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.