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Share Transfer System

PAN CARD mandatory for Transfer of Shares in Physical Form
The Securities and Exchange Board of India, vide its Circular dated 20th May, 2009, has clarified that for securities market transactions and off-market/ private transactions involving transfer of shares in physical form of listed companies, it shall be mandatory for the transferee(s) to furnish copy of PAN Card to the Company for registration of such transfer of shares, irrespective of the amount of such transaction.

Accordingly, for registration of transfer of shares of the Company in physical form, transferees are requested to furnish self-attested copies of their PAN Cards to the Company.

In case number of transferees are more than one, than each transferee will be required to submit self-attested copy of their PAN Card to the company. Presently, the share transfer requests which are received in physical form are normally effected within a maximum period of 15 days from the date of receipt and demat requests are confirmed within a maximum period of 15 days. The company provides investor and depository services in-house through its secretarial department.