Shareholder Highlights

Latest information on company developments.

Investor Meet Analysts' Meet

Investor Meet

Driving the nation's progress through value creation

Agenda

anil-agarwal

A message from our Chairman

Opening remarks from Anil Agarwal reflecting on how Vedanta is supporting the country's journey towards Atmanirbhar Bharat.

Navin-Agarwal

Leveraging our legacy to fuel growth

Updates from our Vice Chairman, on strategy, the progress made, and priorities for FY25 and beyond.

Priya-Agarwal

ESG - At core of Vedanta

Hear directly from Priya Agarwal, our Director, on how we are empowering communities, transforming lives, and facilitating nation building through sustainable and inclusive growth.

Ajay-Goel

Value Accretion – Committed to delivering all round performance

A session by Chief Financial Officer Ajay Goel on our prudent financial management strategy to ensure long term growth and consistent shareholder returns.

Ajay-Agarwal

Demerger - Shaping our portfolio for the future

Insights by President- Finance - Ajay Agarwal on how our six sector leading companies will be well positioned to drive the next phase of Vedanta's growth.

John-Slaven

Aluminium - From Mine to Market - An Integrated Approach

A session with our Aluminium Chief Executive Officer - John Slaven discussing the unprecedented growth opportunities in the sector.

Arun-Misra

Zinc India - A legacy of leadership, A future of growth

A discussion with Arun Misra - Executive Director on the road map to be the world's largest and most admired zinc, lead & silver Company.

Chris-Griffith

Base metals - Unlocking the potential of reserves powerhouse

Insights from our Base metals CEO - Chris Griffith on how well -positioned we are to take advantage of the clean energy transition with growth opportunities beyond Africa & India.

Steve-Moore

Oil & Gas - Fueling India's Growth

A session with Steve Moore, Dy CEO on how Cairn India is fueling India's energy needs and contributing towards long term development.

Vibhav-Agarwal

Power sector - Powering a Brighter Future

A discussion with our Power sector CEO - Vibhav Agarwal on how we can capture a larger pie of growth opportunities available in the power sector 2.0

Madhu-Shrivastava

Building a future - ready organization

Insights into the future of work culture, and our talent strategies with Madhu Srivastava, Chief Human Resources Officer.

checklist

Conclusion and Investment Case

questinaire

Q & A with the Management Team followed by High-Tea

transcript-for-management-update

Transcript of Management Update

Top Highlights of the Company

Agenda

anil-agarwal

A message from our Chairman

Opening remarks from Anil Agarwal reflecting on how Vedanta is supporting the country’s journey towards Atmanirbhar Bharat.

Navin-Agarwal

Building on our history and enabling growth

Updates from our Vice Chairman, on strategy, the progress made, and priorities for FY25 and beyond.

Priya-Agarwal

Our purpose in action

Hear directly from Priya Agarwal, our Director, on how we are empowering communities, transforming lives, and facilitating nation building through sustainable and inclusive growth.

Ajay-Goel

Value Accretion – Committed to delivering all round performance

A session by Chief Financial Officer Ajay Goel on our prudent financial management strategy to ensure long term growth and consistent shareholder returns.

Ajay-Agarwal

Demerger – Shaping our portfolio for the future

Insights by President- Finance – Ajay Agarwal on how our six sector leading companies will be well positioned to drive the next phase of Vedanta's growth.

John-Slaven

Aluminium - The Metal of the future

A session with our Aluminium Chief Executive Officer – John Slaven discussing the unprecedented growth opportunities in the sector.

Arun-Misra

Zinc India - Galvanising tomorrow

A discussion with Arun Misra – Executive Director on the road map to be the world’s largest and most admired zinc, lead & silver Company.

Chris-Griffith

Base metals - Taking advantage of the clean energy transition

Insights from our Base metals CEO - Chris Griffith on how well -positioned we are to take advantage of the clean energy transition with growth opportunities beyond Africa & India.

Steve-Moore

Oil & Gas – Fuel for change

A session with Steve Moore, Deputy CEO on how Cairn India is fueling India’s energy needs and contributing towards long term development.

Vibhav-Agarwal

Power sector - Good times ahead

A discussion with our Power sector CEO – Vibhav Agarwal on how we can capture a larger pie of growth opportunities available in the power sector 2.0

Madhu-Shrivastava

Building a future - ready organization

Insights into the future of work culture, and our talent strategies with Madhu Srivastava, Chief Human Resources Officer.

checklist

To sum-up - A clear pathway towards a stronger Vedanta for the long term

questinaire

Q&A with the Management Team followed by High-Tea

transcript-for-management-update

Transcript of Management Update

Top Highlights of the Company

Vedanta - Analysts' Meet

Catalysing India's Rise through sustainable,
responsible and inclusive growth.

Agenda

anil-agarwal

A message from our Chairman

Opening remarks from Anil Agarwal reflecting on how Vedanta is supporting the country’s journey towards Atmanirbhar Bharat.

Navin-Agarwal

Building on our history and enabling growth

Updates from our Vice Chairman, on strategy, the progress made, and priorities for FY25 and beyond.

Priya-Agarwal

Our purpose in action

Hear directly from Priya Agarwal, our Director, on how we are empowering communities, transforming lives, and facilitating nation building through sustainable and inclusive growth.

Ajay-Goel

Value Accretion – Committed to delivering all round performance

A session by Chief Financial Officer Ajay Goel on our prudent financial management strategy to ensure long term growth and consistent shareholder returns.

Ajay-Agarwal

Demerger – Shaping our portfolio for the future

Insights by President- Finance – Ajay Agarwal on how our six sector leading companies will be well positioned to drive the next phase of Vedanta's growth.

John-Slaven

Aluminium - The Metal of the future

A session with our Aluminium Chief Executive Officer – John Slaven discussing the unprecedented growth opportunities in the sector.

Arun-Misra

Zinc India - Galvanising tomorrow

A discussion with Arun Misra – Executive Director on the road map to be the world’s largest and most admired zinc, lead & silver Company.

Chris-Griffith

Base metals - Taking advantage of the clean energy transition

Insights from our Base metals CEO - Chris Griffith on how well -positioned we are to take advantage of the clean energy transition with growth opportunities beyond Africa & India.

Steve-Moore

Oil & Gas – Fuel for change

A session with Steve Moore, Deputy CEO on how Cairn India is fueling India’s energy needs and contributing towards long term development.

Vibhav-Agarwal

Power sector - Good times ahead

A discussion with our Power sector CEO – Vibhav Agarwal on how we can capture a larger pie of growth opportunities available in the power sector 2.0

Madhu-Shrivastava

Building a future - ready organization

Insights into the future of work culture, and our talent strategies with Madhu Srivastava, Chief Human Resources Officer.

checklist

To sum-up - A clear pathway towards a stronger Vedanta for the long term

questinaire

Q&A with the Management Team followed by High-Tea

transcript-for-management-update

Transcript of Management Update

Top Highlights of the Company

Agenda

anil-agarwal

A message from our Chairman

Opening remarks from Anil Agarwal reflecting on how Vedanta is supporting the country’s journey towards Atmanirbhar Bharat.

Navin-Agarwal

Building on our history and enabling growth

Updates from our Vice Chairman, on strategy, the progress made, and priorities for FY25 and beyond.

Priya-Agarwal

Our purpose in action

Hear directly from Priya Agarwal, our Director, on how we are empowering communities, transforming lives, and facilitating nation building through sustainable and inclusive growth.

Ajay-Goel

Value Accretion – Committed to delivering all round performance

A session by Chief Financial Officer Ajay Goel on our prudent financial management strategy to ensure long term growth and consistent shareholder returns.

Ajay-Agarwal

Demerger – Shaping our portfolio for the future

Insights by President- Finance – Ajay Agarwal on how our six sector leading companies will be well positioned to drive the next phase of Vedanta's growth.

John-Slaven

Aluminium - The Metal of the future

A session with our Aluminium Chief Executive Officer – John Slaven discussing the unprecedented growth opportunities in the sector.

Arun-Misra

Zinc India - Galvanising tomorrow

A discussion with Arun Misra – Executive Director on the road map to be the world’s largest and most admired zinc, lead & silver Company.

Chris-Griffith

Base metals - Taking advantage of the clean energy transition

Insights from our Base metals CEO - Chris Griffith on how well -positioned we are to take advantage of the clean energy transition with growth opportunities beyond Africa & India.

Steve-Moore

Oil & Gas – Fuel for change

A session with Steve Moore, Deputy CEO on how Cairn India is fueling India’s energy needs and contributing towards long term development.

Vibhav-Agarwal

Power sector - Good times ahead

A discussion with our Power sector CEO – Vibhav Agarwal on how we can capture a larger pie of growth opportunities available in the power sector 2.0

Madhu-Shrivastava

Building a future - ready organization

Insights into the future of work culture, and our talent strategies with Madhu Srivastava, Chief Human Resources Officer.

checklist

To sum-up - A clear pathway towards a stronger Vedanta for the long term

questinaire

Q&A with the Management Team followed by High-Tea

transcript-for-management-update

Transcript of Management Update

Top Highlights of the Company

SEBI Circulars

Description Date Format
Master Circular for Online Resolution of Disputes in the Indian Securities Market Dec 28, 2023
Extension of timelines (i) for nomination in eligible demat accounts and (ii) for submission of PAN, Nomination and KYC details by physical security holders; and voluntary nomination for trading accounts Sep 26, 2023
Corrigendum cum Amendment to Circular dated July 31, 2023 on Online Resolution of Disputes in the Indian Securities Market Aug 04, 2023
Online Resolution of Disputes in the Indian Securities Market Jul 31, 2023
Model Tripartite Agreement between the Issuer Company, Existing Share Transfer Agent and New Share Transfer Agent as per Regulation 7(4) of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 May 25, 2023
Common and simplified norms for processing investor's service requests by RTAs and norms for furnishing PAN, KYC details and Nomination Mar 16, 2023
Issuance of Securities in dematerialized form in case of Investor Service Requests Jan 25, 2022

Chairman's Townhall with Shareholders

Description position Format
Invitation from the Chair FY24
Frequently Asked Questions (FAQs) FY24

Update PAN, KYC details and Nomination

Pursuant to SEBI Circular SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/37 dated March 16, 2023, it has been made mandatory for all the shareholders holding securities of the Company in physical mode to update PAN, KYC details and Nomination by September 30, 2023. In the event of non-receipt of such details and non-compliance with the requirement(s), the concerned securities in the folio shall be frozen.

Hence, all the shareholders holding securities of the Company in physical mode are requested to furnish PAN (linked to Aadhaar), KYC details and Nomination with the RTA by September 30, 2023.

Description Date Format
Stock Exchange Intimation for sending the Reminder Letters to the holders of physical securities to furnish PAN, KYC details and Nomination as per SEBI Circular No. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/37 dated March 16, 2023 Jun 09, 2023
Reminder Letters sent to the Shareholders holding securities in physical mode in pursuance of the SEBI Circular dated March 16, 2023 May 22, 2023

Faqs on the proposed delisting of
Vedanta Limited

Detailed Faq’s On Vedanta Delisting

Key Terms

Public Shareholders: Holders of Equity Shares, other than the following:

1. Promoters, promoter group and persons acting in concert with them; and

2. Holders of depository receipts issued overseas against Equity Shares held with a custodian (i.e., the American Depository Shares issued by the Company ("ADS")) and such custodian holding the Equity Shares.

Offer / Proposal: The proposed voluntary delisting of the Equity Shares from the Stock Exchanges in accordance with the Delisting Regulations.

Delisting Regulations: SEBI (Delisting of Equity Shares) Regulations, 2009, as amended.

Equity Shares: Fully paid-up equity shares of the Company.

Promoter / Acquirer: Vedanta Resources Limited ("VRL") and / or its subsidiaries.

SEBI: The Securities and Exchange Board of India.

Stock Exchanges: The recognised stock exchanges where the Equity Shares are presently listed namely, BSE Limited ("BSE") and the National Stock Exchange of India Limited ("NSE").

Target / Company: Vedanta Limited ("VEDL").

Next Steps

Shareholders' approval: The Company has sent postal ballot notice on May 25, 2020 to seek shareholders' approval for the Delisting Offer by way of special resolution through postal ballot and e-voting. Further actions can be taken only if it is approved with a 2:1 majority of Public Shareholders. This is an approval to proceed with the Delisting Offer and is not a decision on the final exit offer price.

In-principle approval: Post shareholders' approval, the Company would be required to apply to Stock Exchanges seeking their in-principle approval.

Public announcement and dispatch of letter of offer: Following the in-principle approval, Promoter will make a public announcement ("PA") and dispatch letter of offer (containing material information in relation to the Delisting Offer) ("LOF") along with bid form to the Public Shareholders.

Bidding period: : The bidding period (open for 5 working days) to be commenced within seven working days of the PA during which the Public Shareholders may tender their bids. The final exit offer price will be determined as the price at which Equity Shares accepted through eligible bids, that takes the shareholding of the Promoter (along with the persons acting in concert) to at least 90% of the paid up equity share capital of the Company, excluding the Equity Shares which are then held by a custodian and against which ADS have been issued. Option to accept / reject final exit offer: Upon the discovery of the final exit offer price, the Promoter will have the option either to accept or reject the final exit offer price. In case, the final exit offer price is not acceptable to the Promoter, it will have an option to make a counter offer within two working days from the discovery of final exit offer price.

Post offer announcement: If the Delisting Offer is successful, the Promoter will be required to pay the consideration to Public Shareholders within 10 working days of the closure of the bidding period.

Payment of consideration: If the Delisting Offer is successful, the Promoter will be required to pay the consideration to Public Shareholders within 10 working days of the closure of the bidding period.

Final application: After payment of consideration, the Company would make the final application to the Stock Exchanges. Upon receipt of their approval, Equity Shares will be delisted.

Right of remaining Public Shareholders: The remaining Public Shareholders may tender their Equity Shares to the Promoter up to a period of one year from the date of delisting and, in such case, the Promoter will accept the Equity Shares at the final exit offer price.

Pricing & Impact

1. How will the final offer price be determined for the Delisting?

The floor price for the delisting is calculated in accordance with the Delisting Regulations and the Public Shareholders are required to bid at a price either at or above the floor price during the reverse book building process. Therefore, floor price is a minimum price which is required to be offered to the Public Shareholders. The floor price for the Delisting Offer, determined in accordance with the Delisting Regulations, is INR 87.25. The same has been certified by Price Waterhouse & Co LLP pursuant to its certificate dated May 18, 2020.

Promoter has communicated an Indicative Offer Price ("IOP") in its letter dated May 12, 2020, wherein it expressed its willingness to accept Equity Shares tendered by the Public Shareholders at the IOP of INR 87.50.

Neither the IOP nor the floor price is the final exit offer price for the Delisting Offer. The final exit offer price is determined pursuant to the reverse book building process prescribed in the Delisting Regulations. It would be decided on the basis of bidding by the Public Shareholders during the bidding period. The final exit offer price shall be determined as the price at which Equity Shares accepted through eligible bids, that takes the shareholding of the Promoter (along with the persons acting in concert) to at least 90% of the paid up equity share capital of the Company, excluding the Equity Shares which are then held by a custodian and against which ADS have been issued. The Promoter has the discretion either to accept or reject the final exit offer price discovered pursuant to the reverse book building process. If the final exit offer price is accepted, then, the Promoter shall accept all Equity Shares tendered where the corresponding bids placed are at the final exit offer price or at a price which is lesser than the final exit offer price.

In the event the final exit offer price is not accepted by the Promoter, it has an option to make a counter offer in accordance with the Delisting Regulations. Please also refer to FAQ no. 11 in relation to the option to make a counter offer.

2. What is the reference date for calculation of floor price?

The reference date for computing the floor price is May 12, 2020 as per the provisions of the Delisting Regulations.

3. What happens if my bid price is higher than the final exit offer price?

In cases where the bids have not been accepted, the Equity Shares tendered by the Public Shareholders during the reverse book building process shall be returned or released to them within ten working days from the closure of the bidding period. The Public Shareholders holding such Equity Shares may tender their Equity Shares to the Promoter up to a period of one year from the date of delisting and, in such a case, the Promoter shall accept the shares tendered at the final exit offer price.

4. Does the delisting have any impact on the voting and dividend rights?

Once the Delisting Offer is successful, the Equity Shares will be delisted from the Stock Exchanges and the Company will become an unlisted public company. If a Public Shareholder has not tendered its Equity Shares during the Delisting Offer, it will continue to remain the shareholder of the Company and will have all the rights and benefits a shareholder of an unlisted public company has such as right to vote and right to receive dividends (if declared by the Company). Post delisting of the Company, the remaining Public Shareholders holding Equity Shares may tender their Equity Shares to the Promoter up to a period of one year from the date of delisting and, in such a case, the Promoter shall accept the shares tendered at the final exit offer price.

Process & Timeline Related

5. The Company has initiated a shareholder approval process via postal ballot - what is this? Will the final exit offer price be decided via this process?

As per the Delisting Regulations, a company is required to obtain (a) the approval of its board of directors; and (b) the approval of its shareholders by way of special resolution through postal ballot

The board of directors of the Company, in its meeting held on May 18, 2020, amongst other things, approved the Promoter's proposal to voluntarily delist the Equity Shares from the Stock Exchanges and authorised the Company to seek shareholders' approval by way of special resolution through postal ballot process. Accordingly, the Company has dispatched the postal ballot notice to its shareholders on May 25, 2020. Remote e-voting commences at 9:00 A.M.(IST) on Tuesday, May 26, 2020 and ends at 5:00 P.M. (IST) on Wednesday, June 24, 2020. Once the vote on the resolution is cast by a member, such member will not be allowed to change it subsequently.

In terms of the Delisting Regulations, the special resolution can be acted upon only if the votes cast by Public Shareholders in favour of the proposal amount to at least two times the number of votes cast by Public Shareholders against it.

The postal ballot process is only to seek shareholders' approval in relation to the Delisting Offer. The final exit offer price will not be decided through this process. As mentioned above, the final exit offer price will be determined pursuant to the reverse book building process as specified under the Delisting Regulations.

6. When does the reverse book building process begin? How am I supposed to tender shares and indicate a price in this process?

Upon receiving all the necessary approvals including the shareholders' approval and in-principle approval from the Stock Exchanges, the Promoter will issue a PA and dispatch the LOF and the bid form to the Public Shareholders of the Company. The PA and LOF shall contain details of the next steps, including procedure and timelines for the reverse book building process

7. Can I participate even if I don't receive the LOF and the bid form?

Yes, a Public Shareholder can participate in the Delisting Offer and make bids even if it did not receive the LOF and the bid form.

8. When is the Delisting Offer deemed to be successful? When are the shares delisted from the stock exchanges?

The Delisting Offer shall be considered successful if the Equity Shares accepted through the Delisting Offer takes the shareholding of the Promoter (along with persons acting in concert) to at least 90% of the paid-up equity share capital of the Company, excluding the shares which are then held by a custodian and against which ADS have been issued, and if the Promoter accepts the final exit offer price (which is determined in accordance with the reverse booking building process) in accordance with the Delisting Regulations.

After the success of the Delisting Offer and payment of consideration to the Public Shareholders who have tendered their Equity Shares, the Company will make the final application to the Stock Exchanges. Upon the receipt of the approval of the Stock Exchanges, the Equity Shares will be delisted.

9. Is the Promoter required to deposit any amount in an escrow account?

In terms of the Delisting Regulations, before making the PA, the Promoter will be required to deposit in the escrow account the total estimated amount of consideration calculated on the basis of the floor price and number of Equity Shares outstanding with Public Shareholders. This can be done by way of a cash deposit or by a bank guarantee or a combination of both. On determination of the final exit offer price and acceptance of the same by the Promoter, an additional sum to make up the entire sum due and payable as consideration in respect of Equity Shares outstanding with Public Shareholders will be required to be deposited in the escrow account.

10. When would I receive money for tendering of shares?

Upon success of the Delisting Offer, the Promoter would be required to make a post offer PA, amongst other things, informing its acceptance of the final exit offer price and the success of the Delisting Offer. All the Public Shareholders whose Equity Shares are verified to be genuine shall be paid the final exit offer price within ten working days from the closure of the bidding period.

11. What will happen if the Delisting Offer fails?

pursuant to the reverse book building process. If the final exit offer price is not acceptable to the Promoter, it may either reject the offer or has the option to make a counter offer to the Public Shareholders in accordance with the Delisting Regulations. In the event, a counter offer is made and is successful in accordance with the Delisting Regulations, the final exit offer price would be the counter offer price in accordance with the Delisting Regulations. Where the Promoter decides to: (a) not accept the discovered final exit offer price; or (b) the counter offer is not successful, then the Delisting Offer will fail.

In case of failure of the Delisting Offer

1. The Equity Shares tendered by the Public Shareholders during the reverse book building process shall be returned or released to him, within ten working days from the end of the bidding period;

2. No final application will be made to the Stock Exchange for delisting of the Equity Shares;

3. The escrow account opened by the Promoter for the purposes of the Delisting Offer shall be closed; and

4. The Company shall continue to be listed on the Stock Exchanges.

12. What is the process for American Depositary Shares (ADS) holders?

In accordance with the Delisting Regulations, the holders of ADS will not be entitled to participate in the Delisting Offer, unless they convert their ADS into Equity Shares. If the Delisting Offer is successful and the Equity Shares are delisted from the Stock Exchanges, then the Promoter intends to delist the ADS issued by the Company from New York Stock Exchange ("NYSE") and deregister the Company from the U.S. Securities and Exchange Commission ("SEC"), subject to the requirements of the NYSE and the SEC.

13. Am I mandatorily required to participate in the Delisting Offer? What will happen if the Delisting Offer is successful and I have not participated?

successful (discussed above), the Equity Shares will be delisted from the Stock Exchanges and the Company will become an unlisted public company. If a Public Shareholder has not tendered its Equity Shares or its Equity Shares have not been accepted because the price quoted by the Public Shareholder was higher than the final exit offer price (determined as per the reverse book building process) during the Delisting Offer, it may tender its Equity Shares to the Promoter up to a period of one year from the date of delisting and, in such a case, the Promoter shall accept the shares tendered at the final exit offer price.

Scheme of Arrangement

Transfer General Reserves to the Retained Earnings Scheme of Demerger
Description Date Format
NCLT Convened Meeting of Equity Shareholders – Video Oct 11, 2022
Voting Results, Scrutinizer’s Report and Outcome of NCLT Convened Meeting of Equity Shareholders Oct 11, 2022
NCLT Convened Meeting - FAQs Sep 13, 2022
Newspaper Advertisement – NCLT Convened Meeting of Equity Shareholders – Business Standard (Mumbai & Pune Editions) Sep 12, 2022
Newspaper Advertisement – NCLT Convened Meeting of Equity Shareholders – Navshakti (Maharashtra Edition) Sep 11, 2022
Newspaper Advertisement – NCLT Convened Meeting of Equity Shareholders – Business Standard (All India Editions except Mumbai & Pune) Sep 10, 2022
Notice of the NCLT Convened Meeting of Equity Shareholders Oct 11, 2022
Speaker Registration Criteria Oct 11, 2022
Integrated Report and Annual Accounts FY22  
NCLT Order dated 26 August 2022 Aug 26, 2022
BSE - Observation Letter Apr 19, 2022
NSE - Observation Letter Apr 07, 2022
Memorandum and Articles of Association Apr 19, 2022
Unaudited Financial Results for the quarter ended June 30, 2022 – Standalone Apr 19, 2022
Unaudited Financial Results for the quarter ended June 30, 2022 – Consolidated Apr 19, 2022
No Objection Certificate (NOC) from lending scheduled commercial banks/financial institutions/debenture trustee Apr 12, 2022
Report on Complaints - NSE Jan 28, 2022
Report on Complaints - BSE Dec 29, 2021
Auditors Certificate Dec 16, 2021
Declaration on listed debt obligations of Company Dec 08, 2021
Draft Scheme of Arrangement Nov 23, 2021
Report of Audit & Risk Management Committee Nov 23, 2021
Compliance Report Nov 23, 2021
Report of the Independent Directors Nov 23, 2021
Description Date Format
Draft Scheme
Revised Draft Scheme
Valuation Reports with Undertakings
Report of Audit & Risk Management Committee
Fairness Opinion Reports
Pre and Post Shareholding Pattern
Audited Financials along with Annual Reports
Auditor's Certificate
Compliance Report
Report of ID Committee
Nil Declaration on Past Defaults
Undertaking for NOC from lenders
Complaints Report – BSE
Complaints Report – NSE

Shareholder Satisfaction Survey and Service Centre

Grievance redressal management system
Connect for investor resolutions: Kprism | Kfintech

Why dematerialise shares? Trading in compulsory demat

SEBI has notified various companies whose shares shall be traded in demat form only. By virtue of such notification, the shares of the Company are also subject to compulsory trading only in demat form on the Stock Exchanges.

Benefits of Demat

Elimination of bad deliveries

Elimination of all risks associated with physical certificates

No stamp duty on transfers

Immediate transfer / trading of securities

Faster settlement cycle

Faster disbursement of non-cash corporate benefits like rights, bonus, etc.

SMS alert facility

Lower brokerage is charged by many brokers for trading in dematerialised securities

Periodic status reports and information available on internet

Ease related to change of address of investor

Elimination of problems related to transmission of demat shares

Ease in portfolio monitoring

Ease in pledging the shares

How to dematerialise shares?

The procedure for dematerialising shares is as under :
Open Beneficiary Account with a DP registered with SEBI.

Submit Demat Request Form (DRF) as given by the DP, duly signed by all the holders with the names and signatures in the same order as appearing in the concerned certificate(s) and the Company records along with the share certificates (s).

Demat confirmations are required to be completed in 21 days as against 30 days (excluding time for despatch) for physical transfer. Service standards prescribed by the Company for completing demat is three days from the date of the receipt of requisite documents for the purpose.

Receive a confirmation statement of holdings from the DP. Statement of holdings is sent by the DPs from time to time.

What is rematerialisation of shares?

It is the process through which shares held in demat form are converted into physical form by issuance of share certificates (s).

What is the procedure for rematerialisation of shares?

Shareholders should submit duly filled in Rematerialisation Request Form (RRF) to the concerned DP.

DP intimates the relevant Depository of such requests.

DP submits RRF to the Company's R&TA.

Depository confirms rematerialisation request to the Company's R&TA.

The Company's R&TA updates accounts and prints certificates(s) and informs the Depository.

Depository updates the Beneficiary Account of the shareholder by deleting the shares so rematerialised.

Share certificates(s) is despatched to the shareholder.

Formalities for nomination facility

In case the shares are held in single name, it is always advisable to appoint a nominee. This nominee shall be the eventual owner of the shares after the death of the shareholder. Click here to download Nomination Form.

Formalities for transmission of shares (on the death of the shareholder)

If the shares are held in single name then on the death of the holder, only the legal heir shall submit the share certificates ,Transmission form with signature attested by the Banker, certified copy of Succession certificate/Certified copy of Probate of will/certified copy of Letter of admission, Self attested copy of PAN card and proof of Residence i.e. Copy of Aadhar Card/Electricity Bill/Voter ID /Driving licence.

In case the shares are to be transmitted in the name of the Nominee then the Nominee shall submit the share certificates ,Copy of the letter issued by Company/RTA confirmed Registered the Nominee, Transmission form with signature attested by Banker, self- attested copy of the PAN card and Proof of Residence i.e. Copy of Aadhar Card/Electricity Bill/Voter ID /Driving licence.

In case of shares held Jointly then for deletion of name of the deceased, the surviving shareholder shall submit share certificates, a request letter with signature attested by Banker, certified copy of death certificate, self- attested copy of PAN card and Proof of Residence i.e. copy of Aadhar Card/Electricity Bill/Voter ID /Driving licence.

Updation in register of members

The Securities and Exchange Board of India (‘SEBI’) vide its notification dated June 08, 2018 had mandated that transfer of securities would be carried out in dematerialized form only. Thereafter SEBI vide circulars dated November 03, 2021 and March 16, 2023 introduced Common and Simplified Norms for processing investor’s service request by Registrar and Share Transfer Agents (‘RTA’) and norms for furnishing PAN, KYC details and Nomination.

Kindly note that it has been made mandatory for all the shareholders holding securities of the Company in physical mode to furnish PAN, KYC details and Nomination details to the RTA / Company. In the event of non-receipt of such details and non-compliance with the requirement(s) by December 31, 2023, the concerned securities in the folio shall be frozen.

The documents as below to be completed and send in original for updations to the Company’s Registered Office or to M/s KFin Technolgoies Limited, Hyderabad Office

Form ISR-1

Form ISR-2

Form SH-13

Non-Receipt of dividend

To enable the members to receive the dividend at the earliest, the Members holding shares in physical form are requested to submit particulars of their bank accounts in ‘Form ISR-1’ along with the original cancelled cheque bearing the name of the Member to the Company/ KFintech to update/ change their bank account details and all the eligible members holding shares in demat mode are requested to update with their respective DPs their correct Bank Account Number, including 9 Digit MICR Code and 11 digit IFSC Code.

General Meetings

Description position Date Format
Postal Ballot – Notice FY23 May 22, 2024
Postal Ballot - Outcome FY23 Aug 25, 2023
Notice of Candidature – Mr. Arun Misra FY23 Jul 28, 2023
Postal Ballot – Notice FY23 Jul 26, 2023
58th Annual General Meeting – Voting Results and Scrutinizer Report FY23 Jul 13, 2023
58th Annual General Meeting – Chairman Speech FY23 Jul 13, 2023
Notice of Candidature - Mr. Navin Agarwal and Ms. Priya Agarwal FY23 Jul 12, 2023
58th Annual General Meeting - Transcript FY23 Jul 12, 2023
58th Annual General Meeting – Video FY23 Jul 12, 2023
58th Annual General Meeting – Proceedings FY23 Jul 12, 2023
Joining links for AGM and other details FY23 Jul 12, 2023
58th Annual General Meeting - Notice FY23 Jul 12, 2023
58th Annual General Meeting - FAQs FY23 Jul 12, 2023
58th Annual General Meeting - Speaker Criteria FY23 Jul 12, 2023
Postal Ballot – Outcome FY23 Apr 29, 2023
Postal Ballot – Notice FY23 Mar 28, 2022
NCLT Convened Meeting of Equity Shareholders – Video FY23 Oct 11, 2022
Voting Results, Scrutinizer’s Report and Outcome of NCLT Convened Meeting of Equity Shareholders FY23 Oct 11, 2022
NCLT Convened Meeting of Equity Shareholders - FAQs FY23 Oct 11, 2022
NCLT Convened Meeting of Equity Shareholders - Notice FY23 Oct 11, 2022
NCLT Convened Meeting of Equity Shareholders - Speaker Criteria FY23 Oct 11, 2022
57th Annual General Meeting - Notice FY23 Aug 10, 2022
57th Annual General Meeting - FAQs FY23 Aug 10, 2022
57th Annual General Meeting - Speaker Criteria FY23 Aug 10 , 2022
57th Annual General Meeting - Chairman Speech FY23 Aug 10, 2022
57th Annual General Meeting - Outcome FY23 Aug 10, 2022
57th Annual General Meeting - Video FY23 Aug 10, 2022
56th Annual General Meeting - Notice FY22 Aug 10, 2021
56th Annual General Meeting - FAQs FY22 Aug 10, 2021
56th Annual General Meeting - Speaker Criteria FY22 Aug 10, 2021
56th Annual General Meeting - Chairman Speech FY22 Aug 10, 2021
56th Annual General Meeting - Outcome FY22 Aug 10, 2021
56th Annual General Meeting - Video FY22 Aug 10, 2021
55th Annual General Meeting - Notice FY21 Sep 30, 2020
55th Annual General Meeting - FAQs FY21 Sep 30, 2020
55th Annual General Meeting - Outcome FY21 Sep 30, 2020
Postal Ballot - Notice FY21 Jun 24, 2020
Postal Ballot - Outcome FY21 Jun 24, 2020
Postal Ballot - Notice FY20 Dec 06, 2019
Postal Ballot - Outcome FY20 Dec 06, 2019
Postal Ballot - Minutes FY20 Dec 06, 2019
54th Annual General Meeting - Notice FY20 Jul 11, 2019
54th Annual General Meeting - Outcome FY20 Jul 11, 2019
54th Annual General Meeting - Minutes FY20 Jul 11, 2019
54th Annual General Meeting - Video FY20 Jul 11, 2019
Attendance Slip FY19
Directions for AGM Venue FY19
Proxy Form FY19
53rd Annual General Meeting - Notice FY19 Aug 24, 2018
53rd Annual General Meeting - Outcome FY19 Aug 24, 2018
53rd Annual General Meeting - Minutes FY19 Aug 24, 2018
Attendance Slip for 53rd AGM FY18
MGMT 11- Proxy form FY18
52nd Annual General Meeting - Notice FY18 Jul 11, 2017
52nd Annual General Meeting - Outcome FY18 Jul 11, 2017
Postal Ballot - Notice FY17 Oct 28, 2016
Postal Ballot - Outcome FY17 Oct 28, 2016
Postal Ballot & Court Convened Meeting - Notice FY17 Jul 30, 2016
Postal Ballot & Court Convened Meeting - Outcome FY17 Jul 30, 2016
51st Annual General Meeting - Notice FY17 Jun 29, 2016
51st Annual General Meeting - Outcome FY17 Jun 29, 2016
Postal Ballot - Notice FY17 Apr 28, 2016