Abans Financial Services Opens Special Window for Physical Securities Transfer and Dematerialisation

1 min read     Updated on 19 Mar 2026, 04:54 PM
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Abans Financial Services Limited has opened a special one-year window from February 05, 2026 to February 04, 2027, for transfer and dematerialisation of physical securities that were sold or purchased before April 01, 2019 but were previously rejected due to document deficiencies. The initiative follows SEBI Circular dated January 30, 2026, with public notifications published in Financial Express and Mumbai Lakshadeep newspapers.

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Abans Financial Services Limited has announced the implementation of a special window for transfer and dematerialisation of physical securities, in compliance with recent regulatory requirements from the Securities and Exchange Board of India (SEBI).

SEBI Circular Implementation

The initiative follows SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026, which mandates the creation of special facilities for processing previously rejected physical share transfers.

Parameter: Details
Circular Reference: HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026
Circular Date: January 30, 2026
Window Duration: One year
Effective Period: February 05, 2026 to February 04, 2027

Scope of Special Window

The special window specifically addresses physical shares that were sold or purchased prior to April 01, 2019, and were subsequently rejected, returned, or not attended by the company or its Registrar and Share Transfer Agent due to deficiencies in documents, processes, or other issues.

This facility provides shareholders with an opportunity to complete previously unsuccessful transfer requests that may have been pending due to technical or documentation issues.

Public Notification Process

To ensure widespread awareness among shareholders, Abans Financial Services Limited has published mandatory advertisements in designated newspapers as required by the SEBI circular.

Publication Details: Information
English Newspaper: Financial Express
Regional Newspaper: Mumbai Lakshadeep (Marathi)
Company Website: www.abansfinserv.com
Publication Date: March 18, 2026

Company Communication

The formal communication to stock exchanges was signed by Bhargavi Halapeti, Company Secretary & Compliance Officer (Membership No.: A23955), and submitted to both BSE Limited and National Stock Exchange of India Limited on March 19, 2026.

The company has made detailed information about the special window available on its official website at www.abansfinserv.com , ensuring shareholders have easy access to relevant procedures and requirements.

Regulatory Compliance

This initiative demonstrates Abans Financial Services Limited's commitment to regulatory compliance and shareholder service. The special window represents a significant opportunity for shareholders who previously faced difficulties in transferring their physical securities to complete these transactions within the designated timeframe.

Shareholders holding physical securities are advised to review the detailed guidelines available on the company's website and take advantage of this special facility before the window closes on February 04, 2027.

Historical Stock Returns for Abans Financial Services

1 Day5 Days1 Month6 Months1 Year5 Years
-0.04%-0.07%+0.01%-2.32%+11.68%-7.96%

Will SEBI extend similar special windows to other listed companies facing comparable physical share transfer backlogs?

How might this regulatory push toward dematerialization affect the broader Indian securities market's transition away from physical certificates?

What impact could the resolution of these pending transfers have on Abans Financial Services' shareholder base and trading liquidity?

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Abans Financial Services Subsidiary Receives ₹25.21 Crore GST Demand Order for FY 2019-20

1 min read     Updated on 17 Mar 2026, 02:20 PM
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Abans Financial Services Limited disclosed that its material subsidiary Abans Broking Services Private Limited received a GST demand order of ₹25,21,25,046 from Gujarat tax authorities for FY 2019-20. The demand relates to denial of input tax credit by the Assistant Commissioner of State Tax, Ahmedabad. The company plans to file an appeal and expects no material impact on its financials or operations.

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Abans Financial Services Limited has disclosed to stock exchanges that its material subsidiary has received a significant GST demand order from tax authorities. The disclosure was made under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

GST Demand Details

The Assistant Commissioner of State Tax, Ahmedabad, Gujarat, issued a tax demand order under Section 74(9) of GGST Act, 2017 read with CGST Act, 2017. The order pertains to Abans Broking Services Private Limited, a material subsidiary of the company, for financial year 2019-20.

Parameter: Details
Subsidiary Company: Abans Broking Services Private Limited
Issuing Authority: Assistant Commissioner of State Tax, Ahmedabad
Legal Provision: Section 74(9) of GGST Act, 2017
Financial Year: 2019-20
Total Demand Amount: ₹25,21,25,046

Nature of Dispute

The GST authorities have denied the input tax credit availed by Abans Broking Services Private Limited for financial year 2019-20. The dispute involves the subsidiary company versus the Assistant Commissioner of State Tax, Ahmedabad, with the matter being handled by the Assistant Commissioner of State Tax, Gujarat.

Financial Impact and Company Response

The total demand raised by GST authorities includes tax liability, interest and penalty components, amounting to ₹25,21,25,046. However, the company has indicated its intention to challenge this demand through proper legal channels.

Aspect: Company Position
Appeal Status: Process of filing appeal before appellate authority
Company View: Demand is not sustainable
Expected Impact: No material impact on financials, operations or activities

Regulatory Compliance

The disclosure was made pursuant to Regulation 30(9) of SEBI LODR Regulations and follows the requirements under SEBI Master Circular dated January 30, 2026. The information has been made available on the company's website at www.abansfinserv.com for stakeholder access.

The company secretary and compliance officer, Bhargavi Halapeti, signed the disclosure document digitally on March 17, 2026, ensuring proper regulatory compliance and transparency with stock exchange requirements.

Historical Stock Returns for Abans Financial Services

1 Day5 Days1 Month6 Months1 Year5 Years
-0.04%-0.07%+0.01%-2.32%+11.68%-7.96%
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1 Year Returns:+11.68%