Dematerialization of Promoter’s Share

Securities and Exchange Board of India (SEBI) vide Cir/ISD/ 3/2011 dated 17th June, 2011  has made dematerialization of Promoter’s shares  in all the listed companies mandatory, in order to improve transparency in the dealings of shares by promoters including pledge / usage as collateral. In order to trade the Companies Securities in normal segment, all the listed Companies have to achieve 100% dematerialization of promoter’s and promoter group’s shareholding latest by the quarter ended September, 2011.