Business Update22 Apr 2026, 05:01 pm
Southern Magnesium: Special Window for Physical Securities
AI Summary
Southern Magnesium & Chemicals Ltd. announces a special window for the transfer and dematerialization of physical securities from February 5, 2026, to February 4, 2027. This facility is available to investors who purchased physical shares before April 1, 2019, and either did not lodge the shares for transfer or had them rejected due to documentation deficiencies. Securities re-lodged for transfer will be issued in demat mode and will be under lock-in for one year from the date of registration of transfer.
Key Highlights
- Special window open for physical share transfer/demat from Feb 5, 2026 to Feb 4, 2027.
- Applies to shares purchased before April 1, 2019, not yet transferred or rejected.
- Re-lodged securities will be issued in demat mode with a one-year lock-in.
- Disputes between transferor and transferee are not considered.
- Securities transferred to IEPF are not eligible.
Price Impact
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