SEBI has issued circular PR No. 09/2026 regarding a "Special window for Transfer cum Dematerialisation of Physical Securities". The special window is open from February 05, 2026, to February 04, 2027, to enable investors who were unable to transfer physical securities prior to April 01, 2019, to regularize and complete the transfer cum dematerialization. The window also applies to transfer requests submitted earlier and rejected due to deficiencies. The circular is effective from February 05, 2026, and can be accessed on the SEBI website at www.sebi.gov.in under Legal -> Circulars. Contact the Communications Division at SEBI Bhavan, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051, Tel: +91-22-26449000, email: press@sebi.gov.in. The circular was issued in Mumbai on January 30, 2026.
Key Entities Referenced
SEBI: Securities and Exchange Board of India, the regulator issuing the circular.
Special window for Transfer cum Dematerialisation of Physical Securities: A temporary measure by SEBI to allow investors to dematerialize and transfer physical securities.
PR No.09/2026
Ease of doing investment - SEBI issues Circular on “Special window for Transfer
cum Dematerialisation of Physical Securities”
For investors who were unable to transfer their physical securities prior to April 01,
2019 due to various reasons including procedural or documentation related
challenges, SEBI has opened a special window from February 05, 2026 to February
04, 2027 to enable such investors regularize and complete transfer cum
dematerialisation of securities. This step would facilitate such investors to get rightful
access to their property.
The window shall also be available for such transfer requests which were submitted
earlier and were rejected/returned/not attended to due to deficiency in the
documents/process/or otherwise.
Who can use the Special Window?
Page 1 of 2The provisions of the circular come into effect from February 05, 2026. The circular
issued today can be accessed on the SEBI website www.sebi.gov.in under the
link Legal -> Circulars.
Mumbai
January 30, 2026
Page 2 of 2