What should be done if someone missed applying for a delisting?
If
you missed applying for delisting, don’t worry. You can still sell your shares
directly to the company. Here’s what you need to do:
1.
One-Year Period: You have one year from the date of delisting to sell your shares
back to the company.
2.
Tender Shares Offline: You can tender your shares offline. The company will repurchase
them at the exit price they have set.
3.
Exit Application Form: The company’s registrar will send you an exit application form.
Fill out this form and submit it as instructed.
4.
Transfer Shares: You must transfer your shares from your demat account to the
company's designated demat account through an off-market transfer. Contact your
Depository Participant (DP) to initiate this transfer using the Delivery
Instruction Slip (DIS).
5.
Send Confirmation: After transferring the shares, send a copy of the DIS slip and
the filled-out exit application form to the registrar by registered post.
6.
Receive Payment: The payment for your shares will be credited to the bank account
linked to your demat account.
7.
Lost or Missing Forms: If you don’t receive the exit application form or lose it,
contact the registrar for a new one.
8.
Further Help: If you face difficulties, the company’s Registrar and Transfer
Agent (RTA) can guide you through the process.