The window will open for six months, from July 7, 2025 to January 6, 2026. Securities re-lodged for transfer during this period will only be issued in demat form, according to SEBI.

Key Highlights

• SEBI launches six-month window (July 7–Jan 6 2026) for re-lodgement of physical share transfer deeds.
• Eligible transfers lodged before April 1, 2019, now to be processed only in demat form.

In order to facilitate ease of investing for investors and to secure the rights of investors in the securities which were purchased by them, it has been decided to open a special window only for re-lodgement of transfer deeds, which were lodged prior to the deadline of April 01, 2019 and rejected/returned/not attended to due to deficiency in the documents/process/or otherwise, for a period of six months from July 07, 2025 to January 06, 2026," said a SEBI circular.

The market watchdog requested that listed companies, RTAs, and stock exchanges publicize the opening of this special window through various media, including print and social media, on a bi-monthly basis during the six-month period.

"This issue was discussed by a Panel of Experts, which included RTAs, publicly traded companies, and legal experts. Based on the discussion, the panel recommended that investors who missed the March 31, 2021, re-lodgement deadline be given another opportunity to re-lodge such shares for transfer," the market regulator said in a statement.

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Notably, the transfer of securities in physical form was discontinued effective April 1, 2019. Subsequently, it was clarified that transfer deeds lodged prior to the April 1, 2019 deadline and rejected/returned due to document deficiencies may be re-filed with the required documents. It was also decided to set March 31, 2021 as the deadline for re-lodgement of transfer deeds.

"SEBI received representations from investors, RTAs, and listed companies that some investors had missed the deadlines for re-lodging their documents for securities transfer. This issue was discussed by a panel of experts, which included RTAs, publicly traded companies, and legal experts. Based on the discussion, the Panel recommended that, in order to alleviate the issue faced by investors who missed the March 31, 2021 deadline for re-lodgement, they be given one more opportunity to re-lodge such shares for transfer," SEBI stated.