Maruti Suzuki India Limited has announced the opening of a special window for transfer and dematerialisation of physical shares, providing shareholders with an opportunity to complete pending transactions from previous years.

Special Window Details

The company has opened a special window for a period of one year, from February 5, 2026 to February 4, 2027, to facilitate transfer and dematerialisation of physical shares. This initiative is pursuant to SEBI Circular No. HO/3813/11(2)2026-MIRSD-PODI/3750/2026 dated January 30, 2026.

Scope and Coverage

The special window covers physical shares of Maruti Suzuki India Limited that were sold or purchased prior to April 1, 2019. Additionally, it remains open for Transfer Deeds executed prior to April 1, 2019, which were previously lodged but rejected, returned, or not attended to due to deficiency in documents, process, or other reasons.

Key Requirements and Restrictions

Shares transferred under this special window will be mandatorily credited to the transferee only in demat mode. These shares will be under lock-in for a period of one year from the date of registration of transfer. During the lock-in period, such shares cannot be transferred, lien-marked, or pledged.

Processing and Documentation

Shareholders who missed earlier deadlines are encouraged to take advantage of this opportunity by furnishing necessary documents to the company's Registrar and Transfer Agent, KFin Technologies Limited. The agent is located at Selenium Building, Tower-B, Plot No. 31 & 32, Financial District, Nanakramguda, Serilingampally, Rangareddy, Hyderabad-500032, Telangana, India.

Regulatory Compliance

On April 16, 2026, Maruti Suzuki India Limited formally communicated this development to stock exchanges through official correspondence. The company sent notices to both the National Stock Exchange of India Limited and BSE Limited, with the communication signed by Sanjeev Grover, Executive Officer & Company Secretary.

The SEBI circular referenced in the announcement is available on the company's website, providing shareholders with detailed guidelines and procedures for utilizing this special window facility.

Maruti Suzuki , along with Hyundai and Nissan, has established a commanding presence in India's passenger vehicle export market, collectively holding an impressive 80% market share. This dominance underscores the strong international appeal and competitive positioning of these automotive manufacturers in global markets.

Market Share Distribution

The passenger vehicle export landscape reveals a clear hierarchy among Indian automotive players:

Domestic Players' Export Performance

While Maruti Suzuki and its international counterparts dominate the export segment, domestic manufacturers Tata Motors and Mahindra & Mahindra each maintain a 3.2% share in passenger vehicle exports. This relatively smaller presence in international markets presents both challenges and opportunities for these Indian automotive giants to expand their global footprint.

Commercial Vehicle Outlook

Looking ahead, the commercial vehicle segment is expected to experience a deceleration in growth during FY27. This anticipated slowdown in CV growth could impact the overall automotive sector's performance and may influence manufacturers' strategic focus between domestic and export markets.

The current export market dynamics reflect the established strength of certain manufacturers in international markets, while highlighting the potential for domestic players to enhance their global competitiveness in the passenger vehicle segment.