Does a shareholder with shares in multiple demat accounts eligible for a reserved retail category?

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Yes, if the total holding across multiple Demat accounts meets the criteria for small shareholders with Equity shares with a market value of Rs. 2,00,000 and lesser as on Record Date. a shareholder is eligible for a reserved retail category.

The eligibility for the reserved retail category (15% shares) is based on the holding as per PAN Number.

As per SEBI Buyback regulations, the equity shares held by a shareholder across multiple Demat accounts under one PAN are clubbed together to determine the shareholder category, such that no shareholder receives higher entitlement than required.


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