Dematerialisation of Shares

  • What is Dematerialisation of Shares ?

    • Dematerialisation (Demat) is the process by which shares held in physical form are cancelled and destroyed and the ownership thereof is entered into and retained in a fungible form in a depository by way of electronic balances.

  • Is Trading of Company's equity shares compulsory in demat form ?

    • The Company's equity shares are subject to compulsorily trading only in demat form on the stock exchanges. The Company entered into an Agreement with National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) to establish electronic connectivity of its equity shares for scripless trading. The ISIN allotted by NSDL/CDSL is INE256C01024.

  • How to dematerialize shares ?

    • The procedure for getting the shares dematerialized is as under:

      • Share Certificate(s) along with Demat Request Form (DRF) is to be submitted by the shareholder to the Depository Participant (DP) with whom he/she has opened a Depository Account.
      • DP processes the DRF and generates a unique number DRN.
      • DP forwards the DRF and share certificates to the Company's Registrar and Share Transfer Agent.
      • The Company's Registrar and Share Transfer Agent after processing the DRF confirm or reject the request to the Depositories.
      • Upon confirmation, the Depository gives the credit to shareholder in his/her depository account maintained with DP.