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SEBIExchanges and other

Promoter and promoter-group shareholding in demat form

A listed entity keeps all promoter and promoter-group shareholding in dematerialised form.

How this is timed

Standing duty, no filing date

Regulator
SEBI
Category
Exchanges and other
Form
Not specified
Last verified
2026-09-01
Read statutory basis

Maintain 100% of promoter and promoter-group shareholding in dematerialised form at all times. The rule does not impose the same holding requirement on public shareholders. Public physical holdings can continue, although specified transactions must use demat form.

What changed

The earlier candidate incorrectly included public shareholding. Regulation 31(2) applies the 100% holding requirement only to promoters and the promoter group.

Deadlines counted from an event

These have no calendar date. The clock starts when the event happens.

Standing duty

Keep 100% of promoter and promoter-group shareholding in dematerialised form.

The rule

Stated as the law states it, so you can work out any period yourself.

Continuous promoter-group demat

Keep 100% of promoter and promoter-group shareholding in dematerialised form.

Who must comply

  • Every listed entity with promoter or promoter-group shareholding

Statutory basis

Read the provision here where we hold it, or on the regulator's site.

Recent changes affecting this

From the regulator's own circulars and notifications.

sebi21 Jul 2026Circular

Operationalisation of Freezing of Promoter Holdings at ISIN Level for Buy-backs

SEBI has issued a circular to operationalize the freezing of promoter and promoter group holdings at the ISIN level during a buy-back, as mandated by the amended SEBI (Buy-back of Securities) Regulations, 2018. Holdings must remain frozen from the date of the board or special resolution until the offer closes. Depositories are required to establish an operational framework and system enhancements to manage this freeze, including procedures for tendering shares in buy-backs and handling pre-existing encumbrances. Listed companies, stock exchanges, depositories, merchant bankers, and RTAs must comply with these requirements. Depositories must implement the necessary systems by August 1, 2026, while the circular itself is effective immediately.

Last verified 2026-09-01. Confirm against the official source before you rely on it.