SEBI opens special window for Transfer and Dematerialisation of Physical Securities

The Securities and Exchange Board of India (“SEBI”) has issued a circular announcing opening of a Special Window for Transfer and Dematerialisation of Physical Securities.

This circular states for the ease of doing investment on part of the investors by opening a special window, i.e., from 5th February 2026 to 4th February 2027.

Key Highlights:

1. To facilitate investors in accessing their securities, the Board has decided to open an additional special window for the transfer and dematerialisation (demat) of physical securities that were bought or sold prior to 1st April 2019.

2. The special window will remain open for a period of one year from 5th February 2026 to 4th February 2027.

3. The securities transferred through this process must be credited to the transferee in demat form and will be subject to a mandatory lock-in period of one year from the date of transfer registration. During this lock-in period, the securities cannot be transferred, lien-marked, or pledged.

4. The following are the obligations on Listed Companies/RTAs/Depositories:

• Identity Verification.
• Signature Verification.
• Non-delivery of objection memo to the transferor / non-availability of any document required for transfer.

5. Listed companies and RTAs are required to process transfer requests within 70 days from the date of receipt of a request from the transferee, provided all documentation is complete. Additionally, listed companies and RTAs are expected to publicize the opening of this special window through various media, including print and social media, once every two months during the one-year period.

The circular is hyperlinked below for your ease of reference.

Source: Securities and Exchange Board of India