The South Indian Bank Limited has informed the Exchange about Copy of Newspaper Advertisement regarding opening of Special Window for Transfer andDematerialisation of Physical Securities
SOUTHBANK · price
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South Indian Bank has published a newspaper advertisement informing shareholders about the opening of a special window for transferring and converting physical share certificates into dematerialised (demat) form. This follows SEBI's directive allowing shareholders holding shares in physical form to dematerialise them, a process that became more restrictive after April 1, 2019. The special window was reopened to give shareholders another chance to convert their physical holdings into demat form to avoid any restrictions on trading or transfers. Shareholders with physical share certificates are advised to approach the bank’s registrar or a depository participant to complete the conversion within the notified timeline.
This is a routine compliance and investor awareness announcement with no direct impact on the bank's financials or stock price. Shareholders holding physical shares should act promptly to convert them to demat to avoid future transfer or trading difficulties.