Karur Vysya Bank Opens Special Window for Transfer and Dematerialization of Physical Securities
Karur Vysya Bank has opened a special window from February 05, 2026 to February 04, 2027 for transfer and dematerialization of physical securities executed prior to April 01, 2019. The facility targets previously rejected transfer requests due to document deficiencies, with shares to be mandatorily credited in demat mode under a one-year lock-in period. The bank published notices in Business Standard and Dinamalar newspapers on April 10, 2026, following SEBI circular requirements.

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Karur Vysya Bank has announced the opening of a special window for the transfer and dematerialization of physical securities, providing shareholders with an opportunity to complete previously rejected transfer requests. The bank disclosed this development through newspaper publications on April 10, 2026, in compliance with SEBI regulations.
Special Window Details
The special window facility is available from February 05, 2026 to February 04, 2027, specifically designed for transfer and dematerialization of physical securities that were sold or purchased prior to April 01, 2019. This initiative follows SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026.
| Parameter | Details |
|---|---|
| Window Period | February 05, 2026 to February 04, 2027 |
| Applicable Securities | Physical shares sold/purchased before April 01, 2019 |
| Transfer Mode | Mandatory demat credit to transferee |
| Lock-in Period | One year from transfer registration date |
Eligibility Criteria
The facility covers transfer deeds executed prior to April 01, 2019 that meet specific eligibility requirements. The bank has outlined clear criteria for determining which cases qualify for the special window.
| Execution Date | Previously Lodged Before April 01, 2019 | Original Certificate Available | Eligibility Status |
|---|---|---|---|
| Before April 01, 2019 | No (Fresh lodgement) | Yes | ✓ Eligible |
| Before April 01, 2019 | Yes (Rejected/returned earlier) | Yes | ✓ Eligible |
| Before April 01, 2019 | Yes | No | ✗ Not Eligible |
| Before April 01, 2019 | No | No | ✗ Not Eligible |
Exclusions and Restrictions
Several categories of cases will not be considered under this special window:
- Disputes between transferor and transferee requiring court or NCLT resolution
- Shares already transferred to Investor Education and Protection Fund (IEPF)
- Re-lodgement or fresh lodgement requests where original share certificates are unavailable
Shares processed under this window will be issued exclusively in demat mode after verification of original share certificates. During the lock-in period, these shares cannot be transferred, lien-marked, or pledged.
Publication and Compliance
The bank published the notice in multiple newspapers to ensure wide reach among shareholders:
| Newspaper | Edition | Language | Publication Date |
|---|---|---|---|
| Business Standard | All Edition | English | April 10, 2026 |
| Dinamalar | Trichy Edition | Tamil | April 10, 2026 |
Submission Process
Eligible investors can submit their transfer requests along with requisite documents to M/s. MUFG Intime India Private Limited at their Coimbatore office. The bank has also encouraged shareholders holding physical shares to update their KYC details and convert to demat form for improved market liquidity and easier dividend processing through electronic mode.
Historical Stock Returns for Karur Vysya Bank
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.46% | +3.32% | -3.64% | +26.69% | +65.77% | +468.17% |
Will other banks follow Karur Vysya Bank's lead in opening similar special windows for physical share transfers?
How might the one-year lock-in period affect Karur Vysya Bank's share price volatility and trading volumes?
What impact could this dematerialization initiative have on the bank's overall shareholder base composition?


































