Rights
  • To receive the share certificates, on allotment or transfer as the case may be, in due time.
  • To receive copies of the abridged annual report, the balance sheet and the profit and loss account and the auditor's report.
  • To participate and vote in general meetings either personally or through proxies.
  • To receive dividends in due time once approved in general meetings.
  • To receive corporate benefits like rights, bonus, etc., once approved.
  • To apply to Company Law Board (CLB) to call or direct the Annual General Meeting.
  • To inspect the minute books of the General meetings and to receive copies thereof.
  • To proceed against the company by way of civil or criminal proceedings.
  • To apply for the winding-up of the Company.
  • To receive the residual proceeds.

The Shareholder may note that the above mentioned rights may not necessarily be absolute. For instance, the right to transfer securities is subject to the company's right to refuse transfer as per statutory provisions.


Shareholder may have so many rights as a stakeholder in the company, that should not lead to complacency, so as to discharge certain responsibilities to be specific,

  • To remain informed
  • To be vigilant
  • To participate and vote in general meetings
  • To exercise the rights on own or as a group.

Shares are traditionally held in physically or paper form. This method has its own inherent weakness like loss/theft of certificates. Forged / fake certificates, cumbersome and time consuming procedure for transfer of shares etc., therefore, to eliminate these weakness, a new system called Depository System has been established.

A depository is a system which holds the shares in the form of electronic accounts in the same way a bank holds the money in a savings account.

  • The shares cannot be lost or stolen or mutilated.
  • The genuineness of the Shares can never be Doubted i.e.; whether they are forged or fake.
  • Share transactions like transfer, transmission etc., can be effected immediately.
  • Transactions costs are usually lower than on the physical segment.
  • There is no risk of bad delivery..
  • Bonus/rights shares allotted to Investor will be immediately credited to the respective account.
  • Statement of accounts of transactions/holdings will be received by the Investor periodically.

Palred Technologies Ltd., follows up with the Depository Registrar and Transfer Agent on all complaints and enquiries received from shareholders regarding the Initial Public Offer and the transfer of shares with a view to resolving them quickly. For further assistance in this regard, shareholders are requested to contact

Haritha.V
Company Secretary
Palred Technologies Ltd.
e-mail: company@palred.com

Palred Technologies Ltd., follows up with the Depository Registrar and Transfer Agent on all complaints and enquiries received from shareholders regarding the Initial Public Offer and the transfer of shares with a view to resolving them quickly. For further assistance in this regard, shareholders are requested to contact

Mr. Subba Reddy
Karvy Computershare Private Ltd.
UNIT: Palred Technologies Limited
Plot No. 17-24, Vittal Rao Nagar
Madhapur- Hyderabad - 500 081.
India
Tel : 040 - 44655000 Fax : 23420814
e-mail: karvyhyd@karvy.com