Shareholders may be aware that in accordance with SEBI Notification No. SEBI/LAD-NRO/GN/2018/24 dated 8th June 2018 and BSE Circular No. LIST/COMP/15/2018-2019 dated 5th July, 2018 no sale or purchase except in case of transmission/transposition of securities will be allowed in physical form with effect from 5th December, 2018.
However, in this context, we further inform you that Securities and Exchange Board of India, vide its Notification No. SEBI/LAD-NRO/GN/2018/49 dated 30th November, 2018 had amended the relevant provisions of Regulation 40 of LODR Regulations and as per the amended provisions transfer of securities need to be carried out in dematerialized form only on and from 1st April, 2019.
Shareholders holding shares in physical form are requested to kindly convert shares from physical form to demat form at the earliest possible as it will be beneficial for market liquidity.
Dematerialization facility is available both on National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL). Company’s ISIN No. is INE484C01022.
The Company shall not be able to entertain any request for transfer of securities in physical form after 31st March, 2019.
For the purpose of dematerialization, physical shareholders are requested to contact respective Depository Participant (DP) with whom Demat Account has been opended. In case no Demat Account has been opened so far, then any DP of local/preferable area may be contacted for the purpose.
