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Depository Services

The equity shares of the Company are available for trading in both demat and physical form. 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 dematerialization of their holding. Shareholder(s) who want to hold shares in demat form should open a demat account with a depository participant (DP) registered with either NSDL or CDS, and then surrender their share certificate(s) for dematerialization to the Company through the DP.

Dematerialisation of shares

As on 31.03.2017 99.40% of outstanding equity has been dematerialized.

Steps involved in the dematerialization

»   Shareholders fills out a dematerialization request for (DRF) and surrenders the defaced share certificate(s) to the DP.

»   The DP intimates the Company on this request through the system.

»   The DP submits the share certificate(s) and the DRF to the Company.

»   The Company updates the register of members and then validates the request.

»   The depository credits the DP’s account.

»   The DP updates the investor’s demat account and informs investor.

At present, no stamp duty has to be paid on transfer of shares in demat form

Name & address of the Depositories

National Securities Depository Ltd.
Kamala Mills Compound,
Senapati Bapat Marg,
Lower Parel, Mumbai - 400013.
Maharashtra - India.

Central Depository Services (India) Ltd.
Phiroze Jeejeebhoy Towers,
16th Floor, Dalal Street.
Mumbai - 400 023.
Maharashtra - India.

Share transfers

Registrar & Transfer Agents,
C-101, 247 Park
L.B.S Marg, Vikhroli (West)Mumbai 400 083
Phone. 022- 4918 6270
Fax. 022-4918 6060
E-mail: rnt@linkintime.co.in

Share transfer system
Share transfers in physical form are registered and returned within a period of 15 days from the date of receipt, if the documents are clear in all respects. Officers of the company have been jointly authorized to approve transfers of shares in physical form under one transfer deed.