VA TECH WABAG LIMITED is appealing to its shareholders who still hold shares in physical format to convert them into dematerialized (demat) form. This initiative aims to facilitate seamless share transfers, as physical transfers are now prohibited, and to help the company achieve 100% dematerialized shareholding. Dedicated support is available for shareholders needing assistance with this process.
Shareholder Call for Dematerialization
VA TECH WABAG LIMITED has issued a communication requesting its shareholders to convert their shareholdings from physical mode to dematerialized (demat) mode. This appeal is in line with previous communications and various circulars issued by regulatory bodies, aiming to streamline shareholding processes and promote digital transactions within the company.
Benefits and Support for Conversion
The primary objective behind encouraging this conversion is to enable shareholders to easily transfer their shares, given that physical share transfers are no longer permitted. Additionally, the company seeks to achieve a 100% dematerialized shareholding status. To assist shareholders with this transition, VA TECH WABAG has established a dedicated helpline. Members can reach out for assistance regarding the conversion process. Contact details include a helpline number 044 – 6123 1569, available between 10.00 a.m. to 6.00 p.m. (IST), and an email ID: [email protected]. The detailed procedures and necessary forms can be accessed and downloaded from the company’s official website, www.wabag.com.
Executive Endorsement
The initiative is supported by the company’s management, with Skandaprasad Seetharaman, Chief Financial Officer, signing off on the communication, underscoring the importance of this transition for both shareholders and the company’s operational efficiency.
Source: BSE
