New Delhi: State-owned engineering consultancy firm Engineers India Limited (EIL) has informed stock exchanges about the execution of a tripartite agreement involving KFin Technologies Limited and Alankit Assignments Limited regarding its Registrar and Transfer Agent (RTA) services.
The disclosure was made under Regulation 7 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring compliance with regulatory requirements for listed entities.
Agreement Formalizes Transition of RTA Services
According to the filing dated April 20, 2026, the agreement has been signed between:
- Engineers India Limited (Company)
- KFin Technologies Limited (erstwhile RTA)
- Alankit Assignments Limited (current RTA)
The agreement formally recognizes Alankit Assignments Limited as the company’s Registrar and Transfer Agent, a role it has been performing since January 24, 2020.
Read also: Leadership Updates: Atul Gupta Assumes Charge as CMD of Engineers India Limited from March 1, 2026
Compliance with SEBI LODR Regulations
The company emphasized that the disclosure aligns with SEBI’s LODR Regulation 7, which mandates listed companies to:
- Maintain proper share transfer and registry arrangements
- Inform stock exchanges about any changes in RTA services
- Ensure transparency in shareholder-related processes
By formalizing this agreement, EIL reinforces its adherence to regulatory norms and corporate governance standards.
Role and Importance of Registrar and Transfer Agents
Registrar and Transfer Agents (RTAs) are crucial intermediaries in the capital market ecosystem.
Key Responsibilities Include:
- Maintaining shareholder records
- Processing share transfers and dematerialization
- Handling dividend payments and corporate actions
- Ensuring smooth communication between companies and investors
The formal agreement ensures that these functions are handled efficiently and in compliance with regulatory guidelines.
Enhancing Transparency and Investor Confidence
The move is expected to:
- Streamline shareholder services
- Strengthen data management processes
- Improve operational clarity between stakeholders
- Enhance investor confidence through regulatory compliance
Such updates, while procedural, are critical for maintaining trust and transparency in listed companies.
Background of the RTA Transition
While KFin Technologies Limited served as the earlier RTA, Alankit Assignments Limited has been managing EIL’s shareholder services since 2020. The tripartite agreement now formally consolidates this transition, ensuring a structured and documented framework for RTA operations.
About Engineers India Limited (EIL)
Engineers India Limited is a leading public sector enterprise under the Ministry of Petroleum and Natural Gas. The company provides engineering consultancy and EPC (Engineering, Procurement, and Construction) services across sectors such as oil & gas, petrochemicals, infrastructure, and fertilizers. Known for its technical expertise and project execution capabilities, EIL plays a key role in India’s industrial and infrastructure development.
Read also: Engineers India Appoints Praveen M. Khanooja as Chairman & Managing Director (Additional Charge)
