UPL Limited Opens Special Window for Transfer and Dematerialisation of Physical Shares
UPL Limited has opened a special one-year window from February 05, 2026 to February 04, 2027 for transfer and dematerialisation of physical shares with transfer deeds executed prior to April 01, 2019. The initiative follows SEBI circulars and covers fresh lodgements and previously rejected requests. Eligible investors can submit applications through MUFG Intime India Private Limited, with transferred securities to be credited in dematerialised form only and subject to a one-year lock-in period.

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UPL Limited has announced the opening of a special window for transfer and dematerialisation of physical shares, in compliance with recent SEBI regulations. The initiative aims to facilitate shareholders who have pending transfer requests with deeds executed before the April 01, 2019 deadline.
Regulatory Framework and Timeline
The special window has been established pursuant to SEBI Circular No. SEBI/HO/MIRSD/MIRSD-PoD1/P/CIR/2025/97 dated July 02, 2025, and subsequent Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026. The company has published notifications in Financial Express and Western Times newspapers to inform stakeholders about this facility.
| Parameter: | Details |
|---|---|
| Window Period: | February 05, 2026 to February 04, 2027 |
| Eligibility: | Transfer deeds executed prior to April 01, 2019 |
| Lock-in Period: | One year from registration date |
| Transfer Mode: | Dematerialised form only |
Eligible Categories and Process
The special window covers multiple categories of pending requests. Investors with transfer deeds executed prior to April 01, 2019 can submit their applications, including fresh lodgement cases and transfer requests that were previously rejected, returned, or not attended due to deficiencies.
Eligible investors must lodge or re-lodge their requests with the company's designated registrar along with requisite documents as prescribed under the SEBI circular. All transferred securities will be credited to transferees exclusively in dematerialised form and will be subject to a mandatory one-year lock-in period from the date of registration of transfer.
Registrar and Transfer Agent Details
UPL Limited has appointed MUFG Intime India Private Limited as the Registrar to Issue and Share Transfer Agent for processing these requests. The registrar's contact details and processing guidelines are available through multiple channels to ensure accessibility for shareholders.
| Contact Details: | Information |
|---|---|
| Registrar: | MUFG Intime India Private Limited |
| Address: | C-101, Embassy 247, L.B.S. Marg, Vikhroli (West), Mumbai – 400083 |
| Phone: | +91 8108114949 |
| Email: | rnt.helpdesk@in.mpms.mufg.com |
Documentation and Guidelines
The company has made detailed guidelines available on its website at https://upl-ltd.com to assist shareholders in understanding the process and requirements. The announcement was signed by Sandeep Deshmukh, Company Secretary and Compliance Officer, and has been communicated to both BSE Limited and National Stock Exchange of India Limited as per regulatory requirements under Regulation 30 of SEBI LODR Regulations, 2015.
Historical Stock Returns for UPL
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.27% | +7.99% | +2.17% | -4.86% | +4.48% | +2.71% |
How might the one-year lock-in period for transferred shares impact UPL's stock liquidity and trading volumes over the next 12-18 months?
Will other listed companies follow UPL's approach in implementing similar special windows, potentially creating industry-wide impacts on share transfer processes?
What percentage of UPL's total shareholding could potentially be affected by this dematerialization drive, and how might it influence the company's shareholder base composition?


































