Dematerialization and Benefits
- INVESTOR RESOURCES
Attention Shareholders Holding Shares in Physical Form
1) Transfer of Securities in Dematerialisation form with effect from April 1, 2019
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.
2) What is dematerialisation of shares:
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.
3) Benefits of dematerialisation of shares:
- Safe and convenient mode of holding securities of multiple companies.
- No risks associated with physical share certificates- such as loss of certificates, mutilation of certificates, bad delivery, fake/ forged certificates or endorsements, etc.
- Easy and instant transfer of securities.
- No stamp duty on transfer of securities in demat mode.
- Direct credit of benefits and corporate actions such as rights shares, bonus shares, stock split, etc. in the demat account of the shareholder.
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
In case of any queries, you may contact the Company or its Registrar and Transfer Agent:
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Mr. N R Ravikrishnan General Counsel, Chief Compliance Officer and Company Secretary Tejas Networks Limited Plot No 25, J P Software Park, Hosur Road, Bengaluru-560100, Tel:+91 80 4179 4600 Fax : +91 80 2852 0201 Email: corporate@tejasnetworks.com |
LinkIntime India Private Limited C-101, 1st Floor, 247 Park, L.B.S. Marg Vikhroli (West), Mumbai 400 083 Maharashtra, India Tel:+91 22 4918 6200 Fax: +91 22 4918 6195 Website: www.linkintime.co.in Email: rnt.helpdesk@linkintime.co.in |
