Depository Services

Trading in the shares of the Company is now compulsorily under the demat form. With SEBI making demat form mandatory on most of the traded scrip, electronic transfer will be the only way everyone will trade. No stamp duty is required for transfer of securities in the electronic form. In case of transfer of physical shares, stamp duty of 0.5 percent is payable on the market value of shares being transferred.

All risks associated with physical certificates such as delays, loss in transit, theft, mutilation, bad deliveries etc eliminated. If you wish your shares can be kept in the “Frozen Mode” by your Depository Participant under your specific instructions. The concept of an “odd lot” in respect of dematerialized shares stands abolished since in the demat mode market lot is now one share only Dematerialised securities are most preferred by banks and other financiers for providing credit facility against securities.