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depository services
| demat | share transfers | registrar and transfer agents

Depository services
The equity shares of Grasim are under compulsory demat trading by all investors. Shares are available for demat with both the depositories in India — National Securities Depository Ltd. (NSDL) and Central Depository Services (India) Ltd. (CDSL).

Considering the advantages of scripless trading, shareholders holding shares in physical form should consider dematerialisation of their holding.

Dematerialisation of shares
Shareholder(s) who want to hold shares in demat form should open a demat account with a depository participant (DP) registered with either NSDL or CDSL, and then surrender their share certificate(s) for dematerialisation to the company through the DP. List of DPs registered with NSDL and CDSL is available on their respective websites.

Steps involved in dematerialisation of shares:

  • shareholder fills out a Dematerialisation Request Form (DRF) and surrenders the defaced share certificate(s) alongwith the DRF to the DP
  • the DP intimates the company of this request through the system of NSDL/CDSL
  • the DP submits the share certificate(s) and the DRF to the company
  • the company updates the Register of Members and then validates the request
  • the Depository credits the DP's account
  • the DP updates the investor's demat account and informs the shareholder

At present, no stamp duty has to be paid on transfer of shares in demat form.

Rematerialisation of shares
Under the depository system, there is provision for rematerialisation of shares i.e. re-conversion of dematerialised shares into physical shares.

Steps involved in rematerialisation of shares:

  • Beneficial owner fills out a Rematerialisation Request Form (RRF) and submits the same to the DP
  • DP intimates the company of this request through the system of NSDL/CDSL
  • DP submits the RRF to the company
  • The company updates the Register of Members and confirms the request through the system of NSDL/CDSL
  • The company prints the share certificate and despatches the same to the shareholder by registered post
Name and address of depositories National Securities Depository Ltd
Trade World, 4th Floor, Kamala Mills Compound
Senapati Bapat Marg, Lower Parel
Mumbai - 400 013
Tel: 022-24972964 to 70
Fax: 022-24972993 / 24976351
Central Depository Services (India) Ltd
Phiroze Jeejeebhoy Towers, 28th Floor
Dalal Street, Mumbai - 400 023
Tel: 022-22723333 / 22723224
Fax: 022-22723199

ISIN for Grasim's equity shares INE 047A01013

Share transfers
Share transfer system Share transfers in physical form are registered and returned within a period of 15 days from the date of receipt, if the documents are clear in all respects. Officers of the Company have been authorized to approve transfers upto 1000 shares in physical form under one transfer deed. One Director jointly with two Officers has been authorized to approve the transfers exceeding 1000 shares under one transfer deed. The Company obtains from a Company Secretary in practice half-yearly Certificate of Compliance with the share transfer formalities as required under clause 47(C) of the listing agreement with the stock exchange.

Transmission of shares in physical form
In case of joint holding of shares
Upon death of a joint-holder, the surviving holder(s) are required to furnish the following documents for transmission of the shares:

  • Request letter for deletion of name of the deceased shareholder
  • Copy of death certificate of the deceased shareholder(s) attested by gazetted officer or notary public
  • Original share certificate(s)
  • Name deletion form duly filled-in and signed by the surviving joint shareholder(s)
  • Current specimen signature(s) of the surviving shareholder(s), duly attested by a nationalised bank in our prescribed form

In case of shareholding in single (sole) name
Upon death of the shareholder, following documents are required from legal heir(s) / claimant(s):

  • Request letter for transmission of shares in favour of the legal heir(s) / claimant(s)
  • Copy of death certificate of the deceased shareholder(s) attested by gazetted officer or notary public
  • Certified copy of the succession certificate or letter of administration or probate of will
  • Original share certificate(s)
  • Current specimen signature(s) of the legal heir(s) / claimant(s), duly attested by a nationalised bank in our prescribed form.
  • Transmission form duly filled and signed by the legal heir(s) / claimant(s)

In case of transmission of shares held in dematerialised form, legal heir(s) of the deceased shareholder is/are required to approach the DP with whom the demat account is maintained

Loss of shares
In case of loss of share certificate(s) by the registered shareholder(s):

  • Shareholder(s) should immediately notify to the company by way of a letter duly signed by the shareholder(s), the fact of loss/misplacement of share certificate(s) alongwith copy of Police FIR bearing complete details of share certificate(s) lost/ misplaced, viz. share certificate no(s), distinctive nos., number of shares, folio no(s), etc.
  • On receipt of above documents and upon verification of signature of the shareholder(s) on the intimation letter, the company shall note 'stop transfer' remarks against the relevant share certificate(s)
  • The company shall inform to the shareholder(s) procedure to be followed for issue of duplicate share certificate(s) alongwith the formats of affidavit, indemnity bond, etc. to be executed by the shareholder(s) in the prescribed manner on non-judicial stamp paper of requisite value
  • On receipt of executed affidavit, indemnity bond and other documents/papers and after publication of public notice in newspaper(s), the company shall issue duplicate share certificate(s), in case the company does not receive any objection for the same
Registrar and transfer agents

In-house share transfer, demat / remat of shares and other investor services are done by the company's Share Department at Nagda registered with SEBI as a Category II share transfer agent (Registration No. INR 000003688)

Karvy Computershare Private Limited
Unit: Grasim Industries Limited
Karvy Selenium Tower B, Plot 31-32, Gachibowli,
Financial District, Nanakramguda,
Hyderabad – 500 032


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