Regulation 40 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 has mandated that transfer of securities would be carried out only when securities are held in dematerialisation form with effect from April 1, 2019. Hence, in order to facilitate seamless transfer of shares in future, shareholders holding shares in physical form are requested to dematerialize their securities.
The process of converting physical securities (shares, stocks, mutual fund units, bonds, debentures, etc) into electronic form is known as dematerialisation. Dematerialisation offers flexibility along with security and convenience. Holding share certificates in physical format carried risks like certificate forgeries, loss of important share certificates, and consequent delays in certificate transfers. Dematerialisation eliminates these hassles by allowing customers to convert their physical certificates into electronic format.
Shareholders can visit the below mentioned websites of the Depositories viz., Central Depository Services (India) Limited (CDSL) or National Securities Depository Limited (NSDL) for understanding the procedure of dematerialization of shares:
NSDL website: https://nsdl.co.in/services/demat.php
CDSL website: https://www.cdslindia.com/investors/open-demat.aspx
Mr. N R Ravikrishnan
General Counsel, Chief Compliance Officer and Company Secretary
Tejas Networks Limited
Plot No 25, J P Software Park, Hosur Road,
Tel:+91 80 4179 4600
Fax : +91 80 2852 0201
LinkIntime India Private Limited
C-101, 1st Floor, 247 Park, L.B.S. Marg
Vikhroli (West), Mumbai 400 083
Tel:+91 22 4918 6200
Fax: +91 22 4918 6195