I. SHARE CERTIFICATES

How to Dematerialise Shares:
Shareholders who desire to dematerialise their shares can do so by opening a depository account with a Depository Participant (DP). They can then submit to the DP a dematerialisation request along with the relevant share certificates who will forward the same to the concerned Company or its Registrars and Transfer Agent for dematerialisation. After getting confirmation electronically from the Company / Registrar, the DP will give credit for that holding in the shareholder’s depository account.

The Company has paid o­ne-time custodian fees to the National Securities Depository Limited (NSDL) to reduce the cost of holding shares in dematerialised form to its shareholders. To further facilitate and broad base this activity the Company has entered into an agreement with Central Depositories Services (India) Limited (CDSL) o­n 23rd March, 1999 for trading its shares in dematerialised form.

II. DELIVERY OF SHARE CERTIFICATES
Where Shares are still held in physical form, the Company after effecting transfer of shares, sends intimation to the shareholders regarding the transfer and dispatch of share certificates. Where the share certificates have not been received by the concerned shareholders, the Company o­n being informed, immediately puts a temporary alert tag in respect of such share certificates. This would help to avoid fraudulent transfers.

III. PREVENTION FROM TAMPERING:
In order to prevent forged transfer of shares, which might have been intercepted in transit, the Company has started intimating the shareholders, especially in cases where share certificates are re-lodged for transfer within 2 months of the earlier transfer. Such intimations are sent by way of notice of lodgment inviting any objections to the proposed transfer of shares.

IV. DUPLICATE SHARES:
The procedure for issue of duplicate share certificates has been streamlined. Efforts are made to despatch duplicate share certificate/s within a period of 30 days from the date of receipt of duly completed documents by the Registrar & Transfer agent of the Company.

V. COUNSELLING FOR ELECTRONIC CLEARING SERVICE (ECS) MANDATES:
It has been the experience of the Company that in a few cases dividend warrants were delivered after considerable delay or were lost in transit or tampered with. As per SEBI guidelines dividend to the shareholders with holdings in dematerialised form will be paid by crediting the amount to their bank account as informed by the DP. In order to avoid tampering of dividend warrant during transit, the shareholders holding shares in physical forms are also advised to opt for the ECS introduced by the Reserve Bank of India in major cities. Under the ECS system, the dividend amounts payable to the shareholders can be credited to the bank accounts instantaneously with no extra cost to them. The shareholders willing to avail of the above facility, may furnish the required information in the Mandate Form to be collected from Company’s Registrar and Transfer Agent, viz. Sharex Dynamic (India) Private Limited, Unit: LIC Housing Finance Ltd., Branch Office, Unit No. 1, Luthra Industrial Premises, Andheri - Kurla Road, Safed Pool, Andheri (East), Mumbai 400 072 together with the photocopy of the cheque of the relevant bank account or a cancelled blank cheque. The information so furnished would be kept confidential and utilised o­nly for the purpose of effecting dividend payments. The Company has been requesting the shareholders to opt for the ECS by which the dividend amount can be credited to their bank accounts directly.

Nomination facility to the Shareholders:
As per the latest amendment to the Companies Act, 1956, a shareholder can nominate the successors in case of his / her death. Shareholders who are interested in recording the nomination for their holdings may send Form 2A to the Company.

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