RESTRICTION ON TRANSFER OF SHARES HELD IN PHYSICAL FORM
Shareholders are advised that SEBI vide Notification dated 8th June, 2018 had amended Regulation 40 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, taking effect from 5th December, 2018 and mandated that except in case of transmission or transposition of securities, requests for effecting transfer of securities shall not be processed unless the securities are held in the dematerialized form with a depository.
This implies that with effect from 5th December, 2018, any securities held in physical form can not be transferred unless the same are dematerialized. In view of the above, shareholders of Asian Hotels (North) Limited are requested to get their shares dematerialized at the earliest. In case you do not have a Demat Account, please approach a Depository Participant to open a Demat Account and submit the share certificates along-with the dematerialization request to your Depository Participant at the earliest. For a better understanding of the dematerialization process, you may visit the following web-links:
NSDL website: https://nsdl.co.in/faqs/faq.php (dematerialization)
CDSL website: https://www.cdslindia.com/investors/open-demat.aspx
The Company has already sent a communication to this effect to all the shareholders holding shares in physical form.
Please ensure timely action to ensure unhindered liquidity of your shares.