The Securities and Exchange Board of India (SEBI) has introduced a special one-time facility to facilitate transfer and dematerialisation of physical securities in cases where the transfer deeds were executed prior to April 1, 2019 but the transfer could not be completed due to documentation deficiencies or procedural issues.
Pursuant to SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026, a Special Window shall remain available from February 5, 2026 to February 4, 2027. This initiative aims to assist investors in securing rightful ownership of securities and to promote ease of investing through the resolution of pending transfer requests.
The facility may be availed for transfer requests that were previously submitted but could not be processed due to incomplete documentation, procedural deficiencies, or other related reasons. Fresh transfer requests may also be lodged during this period, provided they satisfy the eligibility criteria prescribed by SEBI.
All securities transferred under this Special Window shall be credited exclusively in dematerialised form to the transferee’s demat account. Such securities shall remain under a mandatory lock-in period of one year from the date of registration of transfer and shall not be eligible for transfer, pledge creation or lien marking during the lock-in period.
Eligibility Matrix
| Execution Date of Transfer Deed | Whether Earlier Lodged for Transfer Before April 1, 2019 | Original Share Certificate Available | Eligibility |
| Prior to April 1, 2019 | No (Fresh Lodgement) | Yes | ✔ Eligible |
| Prior to April 1, 2019 | Yes (Rejected / Returned Earlier) | Yes | ✔ Eligible |
| Prior to April 1, 2019 | Yes | No | ✘ Not Eligible |
| Prior to April 1, 2019 | No | No | ✘ Not Eligible |
Documents Required
The transferee shall submit the following documents for processing of the transfer request:
- Original share certificate(s);
- Transfer deed duly executed prior to April 1, 2019;
- Documentary evidence of purchase, wherever available;
- KYC documents of the transferee in the prescribed ISR formats;
- Latest Client Master List (CML) of the transferee’s demat account, duly attested by the Depository Participant and not older than two months;
- Undertaking-cum-Indemnity in the format prescribed by SEBI; and
- Any other document that may be required for verification of the claim.
Important Information
- Cases involving disputes between transferor and transferee shall not be processed under this facility and may be resolved through appropriate legal proceedings.
- Securities already transferred to the Investor Education and Protection Fund (IEPF) are outside the scope of this Special Window.
- Transfer requests complete in all respects shall be processed by the Company and/or its Registrar and Share Transfer Agent (RTA) within the timelines prescribed by SEBI.
- Investors are advised to ensure that all documents submitted are complete and accurate to avoid delays in processing.
Contact Details
For any clarification, assistance or submission of documents relating to the Special Window, shareholders may contact the Company’s Registrar and Share Transfer Agent:
MCS Share Transfer Agent Limited
179-180, DSIDC Shed, 3rd Floor,
Okhla Industrial Area, Phase-I,
New Delhi – 110020
Telephone: 011-41406149 / 41406150 / 41406151
Email: helpdeskdelhi@mcsregistrars.com