IndusInd Bank has released its formal confirmation regarding share dematerialization activities for the quarter ending March 31, 2026. The bank’s registrar and share transfer agent has verified that all security certificates processed for dematerialization were duly checked, mutilated, and cancelled as per standard protocols. The updated records have been successfully reflected in the bank’s register of members within the required timeframes, with no requests for rematerialization reported during this period.
Compliance and Record Keeping
Following the conclusion of the fourth quarter, IndusInd Bank has confirmed the successful processing of all share dematerialization requests for the period ending March 31, 2026. This process ensures that physical share certificates submitted by investors were authenticated, processed, and subsequently moved into electronic form, with corresponding updates made to the depositories’ records.
Verification of Share Certificates
The bank’s registrar, MUFG Intime India Private Limited, has completed the verification of all submitted security certificates. As part of the standard dematerialization process, all physical certificates were mutilated and formally cancelled to prevent unauthorized circulation. The name of the depositories has been updated in the bank’s official register of members as the registered owner of the securities.
Rematerialization Status
In addition to the dematerialization activities, the bank has noted that there were zero requests received for rematerialization—the process of converting electronic shares back into physical certificates—during the quarter. This stability highlights a continued investor preference for holding securities in electronic form, ensuring efficient and secure share management for all shareholders.
Source: BSE
