SEBI’s special window for old share transfers

If shares were bought on paper before April 1, 2019 but never transferred into the buyer’s name, SEBI has opened a one-year window to complete those transfers.

Special window currently scheduled to close February 4, 2027. It opened on February 5, 2026.

What SEBI’s circular sets out

It covers physical securities sold or purchased before April 1, 2019, including transfer requests that were lodged earlier and rejected, returned or not attended to.
The original share certificate is required. Cases without it are not eligible under this window.
Securities already transferred to IEPF are not considered under this window.
Transferred securities are credited only in demat form, so the buyer needs a demat account.
They stay under lock-in for one year from the date of registration.
Listed companies and registrars are to process requests within 70 days of receiving complete documentation.

Documents the circular lists

original security certificate(s)
transfer deed executed before April 1, 2019
proof of purchase
KYC documents as per the ISR forms
client master list of the transferee's demat account
undertaking-cum-indemnity in the prescribed format

Source: Securities and Exchange Board of India (SEBI) circular dated January 30, 2026 ↗. This page is an indicator, not a legal determination — the company or its registrar decides each case.

What Let’s Find Money does here. We help you understand what old shares may be and which recovery route is likely. Calculations are estimates and eligibility always needs verification. The actual process runs through the company, its registrar (RTA), your depository participant, the IEPF Authority or a qualified professional — and securities or money should only ever move through those official channels. We are not a registrar, depository participant, broker, investment adviser, lawyer or government body, we are not affiliated with SEBI or the IEPF Authority, and we never take custody of your securities.