SEBI has issued circular vide reference no. SEBI/HO/MIRSD/MIRSD-PoD1/P/CIR/2024/136 dated October 10, 2024 for extension of timeline for implementation of SEBI Circular SEBI/HO/MIRSD/MIRSDPoD1/P/CIR/2024/75 dated June 05, 2024 “Enhancement of operational efficiency and Risk Reduction - Pay-out of securities directly to client demat account”.