HO/38/13/11(2)2026-MIRSD-POD/ I/3750/2026
circulars
Parent: THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992
CIRCULAR HO/38/13/11(2)2026-MIRSD-POD/ I/3750/2026 To, All Registrars to an Issue and Share Transfer Agents (RTAs) All Recognised Stock Exchanges All Listed Companies Madam / Sir, Sub: Ease of Doing Investment – Special Window for Transfer and Dematerialisation of Physical Securities To facilitate ease of investing for investors and to secure their rights in the securities purchased by them , vide Circular dated July 02, 2025, a special window was opened for re-lodgement of transfer deeds of physical securities. In order to further facilitate the investors to get rightful access to their securities , the Board has decided to open another special window for transfer and dematerialisation ("demat") of physical securities which were sold/purchased prior to April 01, 2019. This special window shall be open for a period of one year from February 05, 2026 to February 04, 2027 . The special window shall also be available for such transfer requests which were submitted earlier and were rejected/returned/not attended to due to deficiency in the documents/process/or otherwise. The securities so transferred shall be mandatorily credited to the transferee only in demat mode and shall be under lock -in for a period of one year from the date of January 30, 2026 registration of transfer. Such securities shall not be transferred/lienmarked/pledged during the said lock-in period. For clarity with regard to applicability of this window, below matrix may be referred to: 7. Conditions to be fulfilled by the investor/transferee The transferee shall be mandatorily required to submit the following documents: Original security certificate(s); Transfer deed executed prior to April 01, 2019; Proof of purchase by transferee, as may be available; KYC documents of the transferee (as per ISR forms);