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SEBI Opens Six-Month Demat Window for Legacy Physical Share Transfers

Investors with pre-2019 transfer deeds can refile electronically under a framework designed to enhance transparency and investor protection.

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Overview

  • The special window runs from July 7, 2025, to January 6, 2026, for shareholders whose physical transfer requests submitted before April 1, 2019, were rejected or returned.
  • All re-lodged requests must be processed in dematerialised form in line with India’s shift to digital securities.
  • Registrars and Transfer Agents, listed companies and stock exchanges are required to mount bimonthly publicity campaigns in print and social media.
  • Dedicated processing teams will manage incoming requests and submit monthly reports on volumes received, approvals, rejections and average turnaround times.
  • The one-time opportunity follows a missed March 31, 2021 deadline and reflects recommendations from a SEBI expert panel to protect investor rights.