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 our Company’s equity shares compulsory in Demat form?

Our Company’s equity shares are subject to compulsorily trading only in Demat form on the stock exchanges. We 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 INE152M01016.


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 of DRN.
  • DP forwards the DRF and shares certificates with our Company’s Registrar and Share Transfer Agent.
  • Our 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 the shareholder in his/her depository account maintained with DP.

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