Dematerialisation of Shares. The shares of the company are compulsorily to be traded in the Stock Exchanges in dematerialized form. 99.98% of the equity shares of the Company are in electronic form as on March 31, 2022. During the year 2021-22, 2,000 shares were dematerialized. The distribution of shares in physical and electronic modes as at March 31, 2022 and March 31, 2021 is as per below: Categories Position as at March 31, 2022 Position as at March 31, 2021 No. of Shares % to total shareholding No. of Shares % to total shareholding Physical 42,950 0.02 44,950 0.03 Demat: NSDL 15,60,99,720 88.69 15,73,87,241 89.42 CDSL 1,98,57,330 11.28 1,85,67,809 10.55 Sub-total 17,59,57,050 99.98 17,59,55,050 99.97 Total 17,60,00,000 100.00 17,60,00,000 100.00 xiv. Dividend Distribution Policy In terms of Regulation 43A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), Company has formulated a dividend distribution policy. The said policy is available on the website of the Company at xxxx://xxx. xxxxxxxxxxx.xxx
Dematerialisation of Shares. The Parties hereby agree that, prior to the Closing, the Company and the Selling Shareholders will use their best efforts to dematerialise the Sale Shares and the Selling Shareholders shall take all actions as are necessary to enable the transfer of the Sale Shares in dematerialised form; provided that if such dematerialisation does not occur prior to the Closing Date, the transfer of the Sale Shares shall be effected in physical form and the deliveries in Section 3.2(a)(i) shall be construed accordingly.
