In a circular issued on January 30, Sebi said the special window will be open from February 5, 2026 to February 4, 2027. The move is aimed at investors who were unable to transfer their physical securities before April 1, 2019, when the regulator made dematerialisation mandatory for transfer of securities.
According to Sebi, the window will allow such investors to regularise and complete the transfer-cum-dematerialisation of their securities. This will enable them to gain access to securities that could not be transferred earlier due to reasons such as incomplete paperwork, procedural hurdles or other similar issues.
The special window will also apply to transfer requests that were submitted earlier but were rejected, returned, or not processed because of deficiencies in documents or procedures. Investors will be able to resubmit these cases during the one-year period.
Sebi said the measure is intended to help investors get rightful access to their securities that remain in physical form. The provisions of the circular will come into effect from February 5, 2026.
The circular has been issued as part of the regulator’s efforts to ease the process of doing investments and address long-pending investor grievances related to physical securities.
