The Securities and Exchange Board of India has by its Circular No. SEBI/HO/DOP1/CIR/P/2018/73 dated 20th April, 2018 has mandated to register PAN and bank account details for the security of the holders holding securities in physical form.
The security holders whose folio(s) do not have complete details relating to their PAN and Bank Account, or where there is any change in the bank account details provided earlier, have to compulsorily furnish the details to the Company/Depository Participant for registration/updation.
Pursuant to SEBI Listing Regulations as amended, effective from 31st March, 2019, and BSE Circular No. LIST/COMP/15/2018 dated 5th July, 2018 SEBI has mandated that transfer of securities would be carried out in dematerialized form only.
Accordingly request for effecting transfer of securities shall not be processed unless the securities are held in the Dematerialised form with the depository with effect from 31st March, 2019. Hence the Company will not be accepting any request for transfer of shares in physical form with effect from 31st March, 2019. This restriction shall not be applicable to the request received for transmission or transposition of physical shares.