The equity shares of the company 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. 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.

Steps involved in the dematerialisation of shares:


shareholder fills out a dematerialisation request form (DRF) and surrenders the defaced
     share certificate(s) to the DP

the DP intimates the company of this request through the system

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 investor