Marksans Pharma announced the opening of a special window to facilitate the re-lodgment of physical share transfer deeds. This facility is for shares purchased/sold prior to April 1, 2019, where original transfer requests were rejected or returned due to documentation deficiencies. The window allows shareholders to regularize these transfers, which will then be credited directly to the transferee’s demat account. This special initiative is available for one year, from February 5, 2026, to February 4, 2027.
Special Window for Physical Share Transfer Re-lodgment Announced
Marksans Pharma Ltd. has notified shareholders about the opening of a special window specifically aimed at resolving old pending physical share transfers. This facility is being implemented following directives from regulatory bodies to ensure investors’ rights are secured regarding securities purchased prior to April 1, 2019.
Duration and Scope of the Facility
The operational period for re-lodging these transfer deeds will span exactly one year, commencing on February 5, 2026, and concluding on February 4, 2027. This window applies to transfer deeds that were initially lodged but were subsequently rejected, returned, or not attended to due to documentation deficiencies or other procedural reasons.
Transfer Process and Demat Credit
Shareholders holding physical shares eligible under this window are advised to re-lodge the complete transfer deeds along with the necessary share certificates. Importantly, if the documents are found to be in order, the transfer will be registered, and the resulting shares will only be credited to the transferee’s demat account. The company explicitly stated that no new physical share certificates will be issued as part of this process. Furthermore, shares credited through this mechanism will be subject to a mandatory one-year lock-in period from the date of registration, during which they cannot be transferred, lien-marked, or pledged.
Mandatory Documentation Required
To successfully utilize this special window, transferees must submit a comprehensive set of documents. These required items include the original share certificate, the transfer deed executed prior to April 1, 2019, proof of purchase by the transferee, and up-to-date KYC documents. Additionally, the latest Client Master List attested by the depository participant and a prescribed Undertaking cum Indemnity are mandatory.
Shareholders are cautioned that cases currently involving court processes between transferor and transferee, or shares that have already been transferred to the IEPF authority, will not be considered for processing under this special window.
Contact Details for Assistance
For any queries or assistance regarding the re-lodgment process, shareholders are requested to contact the Company’s Registrar and Share Transfer Agent (RTA), Bigshare Services Private Limited, in Mumbai. Alternatively, shareholders may direct their inquiries via email to the RTA at [email protected] or contact the Company Secretary’s office.
Source: BSE
