• Shareholder to open an account with a Depository Participant (DP) of choice. Arrangements have also been made with HDFC Bank to work as DP, the participating branches are listed
• Surrender defaced certificates along with Dematerialization Request Form (DRF) to the DP
• DP intimates NSDL / CDSL of the request
• DP submits the certificate with the DRF to the Share Transfer Agent
• The Share Transfer Agent confirms the dematerialization with NSDL / CDSL, validates the request, updates records and informs the applicant
• NSDL/CDSL credits the DP's account and informs the DP
• DP updates the shareholder's account and informs the shareholder

• Shareholder to submit Rematerialization Request Form (RRF) to the DP
• DP intimates NSDL / CDSL of the request and submits the RRF to the Share Transfer Agent
• NSDL / CDSL confirms rematerialization request to the Share Transfer Agent who updates accounts, prints certificates and informs NSDL / CDSL
• NSDL / CDSL updates accounts and downloads details to DP
• Share Transfer Agent dispatches certificates to the shareholder

• Investor places an order with his broker, who in turn issues a contract note
• The broker instructs his DP to debit his Clearing Member (CM) account
• At the time of settlement, the broker makes payment to Clearing Corporation / Clearing House (CC / CH) via the clearing bank
• The CC / CH releases shares to the broker's CM account, which are then transferred to the investor's account via NSDL / CDSL
• Investor's account gets credited

• The investor places an order for sale of shares with a broker
• The broker issues a contract note to the investor
• The investor instructs the DP to debit his account
• The shares move from the investor's account to the broker's Clearing Member (CM) account via NSDL / CDSL. The broker's CM account is credited
• At the time of settlement the broker transfers his CM account to CC / CH, his account is debited, and the broker receives payment from the CC / CH, which is passed on to the investor

• NSDL/ CDSL will provide details of beneficial owners (investors in demat segment) with reference to the record date / book closure date
• In the case of divident payment, the Company will disburse the dividend by sending dividend warrants directly to the beneficial owners - similar to the manner followed in the physical system
• In case of other corporate benefits like rights / bonus issues, the distribution is in electronic form through NSDL / CDSL
• The investors should ensure that their accounts are credited for purchases before the record date / book closure, as the case may be, to be entitled to all corporate benefits

Arrangement with HDFC Bank Limited for demat / remat of Company's Shares

While a shareholder is free to open a Depository Account with a DP of his choice, the Company has made arrangements with HDFC Bank to facilitate members to open  Demat account without making any payment towards account opening, dematerialization and custodial charges. 

Under this arrangement 

• The charges waved are 

  - Account opening charges
  - Dematerialization charges
  - Annual asset holding charges 

• Charges not waived are 

  Standard charges for holding shares of other companies in this account
  Standard charges for dematerializing shares of other companies
  Other charges that the bank may levy from time to time

• If the investor has already opened an Depository Accounts with HDFC bank, the charges waived would be

  Dematerialization charges
  Annual asset holding charges

• If the investor chooses to open a Depository Account with another DP

  In view of the one time payment made by the Company towards custodial charges to NSDL, the other DP would not charge that component of annual asset holding charges which is paid by the DPs to NSDL

List of HDFC Bank branches where the facility is available

_______________________________________________________________________________