Fedbank Financial Services Limited has informed the Exchange regarding 'Clarification Letter on Special Window for Transfer and Dematerialisation of Physical Shares pursuantto SEBI Circular dated January 30, 2026'.
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Fedbank Financial Services has informed the exchanges that a recent SEBI circular requiring companies to open a special window for converting physical shares to demat form does not apply to them. The company states that virtually 100% of its equity shares are held in dematerialised form, with only one shareholder holding 5 physical shares (due to a rematerialisation request). Since the company was listed on BSE and NSE in November 2023 with 100% demat holdings and had no physical share transfer requests before 2019, the newspaper publication and reporting requirements under the SEBI circular are not applicable.
This is a routine compliance clarification with no material impact on shareholders or the stock. It simply confirms that the SEBI's special demat window requirement is not relevant for Fedbank Financial since it already has nearly all shares in demat form.