We are pleased to inform
you that the Company has entered into an agreement
with National Securities Depository Limited
(NSDL) and Central Depository Services (India)
Limited (CDSL) to facilitate your holding and
trading of the Company's equity shares in electronic
form, in the Depository System.
In order to hold and trade your shares in the
electronic form in the Depository System, you
need to open an account with a Depository Participant
(DP) (which is similar to opening a savings
bank account) with any bank and dematerialise
your shares. Dematerialisation is a process
by which an investor's shareholding is converted
into electronic form instead of holding them
in physical share certificates.
In order to dematerialise your shares, you are
required to submit a dematerialisation request
along with the share certificates to a Depository
Participant (DP) with whom you have opened an
account, The DP in turn will send your share
certificates to us for dematerialisation. Thereafter
you will receive confirmation from the DP that
the shares have been dematerialised and held
in electronic form.
Once shares are dematerialised, the Depository
System provides for trading in dematerialised
shares i.e. an investor can purchase and sell
The Depository System also provides for rematerialisation
of shares i.e. conversion of electronic holding
of shares into physical form. To rematerialise
your shares, you are required to submit a rematerialisation
request to your DP who in turn will send your
request to us. We will thereafter send you share
certificate(s) in physical form.
The DP levies certain charges, for the services
rendered to the investor such as transaction
processing charges, custody charges, etc.
Some of the benefits to the investors from the
Depository System are :
* Immediate effect to trading in securities
i.e. no waiting period for delivery.
* No possibility of fake certificates or loss
in transit of certificates.
* No delay in transfer.
* No stamp duty on securities sent for registration
The securities of the Company are not compulsorily
to be traded in dematerialised term only. The
share holders are free to hold the shares in