Radico Khaitan Limited (NSE:RADICO) filed a Regulation 30 disclosure on 19 August 2026, publishing a newspaper notice in the Financial Express about SEBI's re-opened special window, available from 5 February 2026 to 4 February 2027, for the transfer and dematerialisation of physical securities purchased or sold before 1 April 2019.
Key Highlights
- SEBI circular HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated 30 January 2026 re-opened the special window for one year, from 5 February 2026 to 4 February 2027.
- The facility covers transfer deeds executed before 1 April 2019 that were not lodged, or were rejected, returned, or unprocessed due to document deficiencies.
- Securities successfully transferred under this window must be credited in demat form and will remain under a one-year lock-in from the date of transfer registration.
- Eligible shareholders are directed to contact KFin Technologies Limited, the company's Registrar and Share Transfer Agent, to process transfer requests.
About the Company
Radico Khaitan Limited (NSE:RADICO), headquartered in New Delhi, is one of India's oldest and largest spirits manufacturers. The company operates distilleries including its flagship Rampur Distillery in Uttar Pradesh and produces a portfolio of Indian Made Foreign Liquor brands spanning whisky, rum, brandy, vodka, and gin. It is listed on the National Stock Exchange under the ticker RADICO.
Announcement in Detail
Radico Khaitan's Senior Vice President, Legal and Company Secretary, Dinesh Kumar Gupta, submitted the Regulation 30 filing disclosing the publication of a shareholder notice in the Financial Express dated 19 August 2026. The notice informs stakeholders about SEBI's special window, which permits transfer and dematerialisation of physical securities that were bought or sold prior to 1 April 2019 and were either never lodged with the RTA or faced rejection due to incomplete documentation.
Under the terms of the window, once a transfer is registered, the resulting demat securities are subject to a one-year lock-in period. Shareholders holding physical shares in this category are directed to approach KFin Technologies Limited, acting as the company's RTA, at its Hyderabad office to initiate the process. The company also disseminated the notice on its investor relations webpage for wider shareholder access.
Impact on Investors
Investors will note that this announcement is a compliance-driven shareholder communication and does not alter Radico Khaitan's business operations, financials, or capital structure. The filing shows that shareholders who still hold physical certificates of Radico Khaitan shares purchased before 1 April 2019, and whose transfer requests were previously unprocessed or rejected, have a defined window until 4 February 2027 to regularise their holdings.
Shareholders will observe that securities converted under this facility will be subject to a one-year lock-in from the date of transfer registration, which restricts their liquidity for that period. The disclosed terms indicate that this process is open only for transfer deeds executed before 1 April 2019, and affected shareholders should initiate contact with KFin Technologies Limited at the earliest to avoid missing the deadline.
Sector / Market Context
SEBI has progressively tightened norms around physical securities over several years, mandating that listed company shares be held only in demat form for trading since April 2019. As per SEBI's annual reports, a significant volume of physical share certificates across Indian listed companies remained untransferred at that cutoff, prompting periodic special windows to assist retail and legacy investors in regularising their holdings within a structured, regulated framework.