ABFRL opens special window for physical share transfers
Aditya Birla Fashion & Retail Limited has opened a special window from February 5, 2026, to February 4, 2027, for re-lodging physical share transfer requests originally submitted before April 1, 2019. Eligible shareholders must submit original share certificates, and processed shares will be issued in demat form with a one-year lock-in period.
*this image is generated using AI for illustrative purposes only.
Aditya Birla Fashion & Retail Limited has informed shareholders about the opening of a special window for the re-lodgement of transfer requests of physical shares. This initiative follows a Securities and Exchange Board of India (SEBI) circular dated January 30, 2026, which facilitates investors who missed previous deadlines to update their shareholdings.
Special Window Details
The special window is open for a period of one year, commencing on February 5, 2026, and concluding on February 4, 2027. This facility is specifically designed for transfer requests that were originally submitted before April 1, 2019, but were returned or rejected due to documentation deficiencies. SEBI had previously discontinued the transfer of physical shares from April 1, 2019, but provided this subsequent opportunity to assist investors.
Eligibility Criteria
To be eligible for re-lodgement under this special window, shareholders must meet specific conditions regarding the execution date of the transfer deed and the availability of the original security certificate. The company has outlined the following scenarios to determine eligibility:
| Execution Date of Transfer Deed | Lodged for transfer before April 01, 2019 | Original Security Certificate Available? | Eligible to lodge in the current window? |
|---|---|---|---|
| Before April 1, 2019 | No (it is fresh lodgement) | Yes | ✓ |
| Before April 1, 2019 | Yes (it was rejected / returned earlier) | Yes | ✓ |
| Before April 1, 2019 | Yes | No | ✗ |
| Before April 1, 2019 | No | No | ✗ |
The company clarified that cases involving disputes between the transferor and transferee, or securities that have been transferred to the Investor Education and Protection Fund (IEPF), will not be considered under this special window.
Processing and Lock-in Period
All shares re-lodged during this period will be processed through the transfer-cum-demat route. Consequently, the securities will be issued only in dematerialised (demat) form after the transfer is completed. Shareholders should note that these securities will be subject to a lock-in period of one year from the date of dematerialisation.
Shareholder Action Required
Shareholders holding physical shares are encouraged to take advantage of this opportunity by submitting the requisite documents to the company's Registrar and Share Transfer Agent (RTA), MUFG Intime India Private Limited. The company has also advised shareholders to update their KYC details and convert their physical shareholdings into dematerialised form to eliminate risks associated with physical certificates.
Historical Stock Returns for Aditya Birla Fashion & Retail
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.23% | +2.10% | -1.50% | -16.77% | -17.63% | -16.68% |
How might the one-year lock-in period on dematerialised shares impact trading volumes and liquidity for Aditya Birla Fashion & Retail once these transfers are processed?
Could SEBI's special window initiative signal broader regulatory reforms aimed at eliminating physical share holdings entirely across Indian markets in the near future?
What percentage of Aditya Birla Fashion & Retail's outstanding shares are still held in physical form, and how significantly could this window alter the company's shareholder composition?
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