SEBI has introduced a one-year special window to promote ease of investing and safeguard investor rights by enabling transfer and dematerialisation of physical securities that were sold or purchased prior to April 1, 2019 .

The special window will be open from February 5, 2026 to February 4, 2027 , providing relief to investors who could not complete transfers earlier due to documentation gaps, procedural deficiencies, or similar issues .

This facility is also available for transfer requests that were previously submitted but were rejected, returned, or not processed for any reason.

All securities transferred under this window shall be mandatorily credited only in dematerialised form to the transferee’s demat account. Further, such securities will be subject to a one-year lock-in period from the date of registration of transfer, during which they cannot be transferred, pledged, or lien-marked .

For clarity with regard to applicability of this window, below matrix may be referred to:

Execution Date of Transfer Deed

Lodged for transfer before April 01, 2019?

Original Security Certificate Available?

Eligible to lodge in the current window?

Before April 01, 2019

No

(it is fresh lodgement)

Yes

✔

Before April 01, 2019

Yes

(it was rejected/ returned earlier)

Yes

✔

Before April 01, 2019

Yes

No

✘

Before April 01, 2019

No

No

✘

Documents Required to Avail the Special Window

The transferee shall be mandatorily required to submit the following documents

Investors

Calculators

Housing Loan

Corporate Offerings

Other loans

Deposits

Support

Special Window for Transfer and Dematerialisation of Physical Securities

Special Window for Transfer and Dematerialisation of Physical Securities