SEBI vide circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated 30th January, 2026 (“SEBI Circular”), has decided to open another special window for a period of one year i.e. from 5th February, 2026 to 4th February, 2027 for transfer and dematerialization of physical securities which were sold/purchased prior to 1st April, 2019 and also for the transfer requests which were submitted earlier and rejected/returned/not attended due to deficiencies in the documents/process/or otherwise.
The applicability of special window is as follows:
| Execution Date of Transfer Deed | Lodged for transfer before April 01, 2019? | Original Security Certificate Available? | Eligible to lodge in the current window? |
| Before April 01, 2019 | No (it is fresh lodgement) | Yes | ✔ |
| Before April 01, 2019 | Yes (it was rejected/returned earlier) | Yes | ✔ |
| Before April 01, 2019 | Yes | No | ✔ |
| Before April 01, 2019 | No | No | ✔ |
Conditions to be fulfilled by the investor/transferee:
The transferee shall be mandatorily required to submit the following documents:
- a. Original security certificate(s);
- b. Transfer deed executed prior to April 01, 2019;
- c. Proof of purchase by transferee, as may be available;
- d. KYC documents of the transferee (as per ISR forms);
- e. Latest Client Master List (‘CML’), not older than 2 months, of the demat account of the transferee, duly attested by the Depository Participant; and
- f. Undertaking cum Indemnity as per the format at Annexure-A to the aforesaid SEBI Circular.
Cases involving disputes between transferor and transferee will not be considered in this window and may be settled by transferor and transferee through court/NCLT process.
Further, securities which have been transferred to Investor Education and Protection Fund (IEPF) shall not be considered under this window for processing.
The securities so transferred shall be mandatorily credited to the transferee only in demat mode and shall be under lock-in for a period of one year from the date of registration of transfer. Such securities shall not be transferred/lien-marked/pledged during the said lock-in period.
The Investor/Transferee may submit their transfer requests along with the Original Share Certificate and other requisite documents as stipulated in the SEBI Circular to the Company’s Registrar and Share Transfer Agent (R&TA) at below address:
Bigshare Services Private Limited
Unit: Asia Pack Limited
302 Kushal Bazar, 32-33, Nehru Place,
New Delhi – 110019
Further, the SEBI vide circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated 30th January, 2026 can be accessed from here.
