Punji
All articles

MeroShare

EDIS in MeroShare: transferring shares after you sell.

Selling on the TMS is only half the job. Until you complete the EDIS transfer in MeroShare, the shares have not moved and the trade has not settled. Miss the deadline and there is a penalty.

5 min read · Updated · 25 Sep 2026

The short answer

Sell on the TMS, then log in to MeroShare and complete EDIS the same day. Open My EDIS, choose Transfer Shares, open the transaction, tick the scrips, enter your transaction PIN and confirm. Update your WACC first, or the transfer will not go through cleanly.

Why this step exists at all

When you sell on NEPSE, two separate things have to happen. The trade is agreed on the trading system. Then the shares have to physically leave your demat account and reach the buyer, through your broker.

EDIS, the electronic delivery instruction slip, is you authorising that delivery. It replaced the paper slip investors used to sign and hand to the broker. Nobody can move shares out of your account without your instruction, which is exactly the protection you want, and exactly why the responsibility is yours.

The clock you are working against

NEPSE settles on T+2: the trade completes two working days after it is executed. Your broker has to have the shares before that settlement runs.

In practice this means do it the same day you sell. Brokers set their own cut-offs inside the T+2 window and many ask for the transfer within one day. Waiting because “there are two days” is how people miss it.

How to do the EDIS transfer, step by step

  1. First, make sure your WACC is updated under My Purchase Source. The system needs your cost price to compute the tax deducted at settlement. See the WACC guide if you have not done this.
  2. Log in to MeroShare.
  3. Open My EDIS from the left menu.
  4. Choose Transfer Shares. Your recent sale should be listed. Click View Details.
  5. Tick the scrips and quantities you are transferring.
  6. Click Proceed, tick the declaration, enter your transaction PIN and confirm.
  7. Check the status. A completed transfer shows as transferred rather than pending. If it still says pending, it is not done.

What it costs to forget

If the shares do not arrive by settlement, the trade goes to close-out: the buyer is compensated instead of receiving the shares, and you, the seller, pay a penalty of 20% of the transaction amount. A quarter of that penalty is taken as tax. Your broker can also stop you trading until it is settled.

It happens more than you would think: CDSC’s records show 117,501 close-out cases between FY 2019/20 and FY 2025/26, with Rs 58.43 crore paid in penalties (reported by Republica). Brokers set their own cut-off times inside the T+2 window, so read what yours publishes. The principle does not vary: the deadline is real and the charge is large relative to the two minutes the task takes.

Common mistake to avoid

Assuming the sale is finished because the TMS said it executed. The trading system confirms the trade, not the delivery. Two different systems, two different actions. Until MeroShare shows the transfer as complete, you still have a job open.

Worth knowing

Do the whole sequence in one sitting: check the holding period, update the WACC, place the sell order, complete the EDIS. Treat it as a single task rather than four, and the deadline never becomes a problem. Before you sell at all, it is worth knowing what you will actually receive. Our sell calculator shows the commission, SEBON fee, DP charge and capital gains tax before you commit, and the portfolio tracker tells you how many days remain until a holding turns long-term.

Sources

Common questions

Answered plainly.

EDIS stands for electronic delivery instruction slip. It is the step that actually moves the shares you sold out of your demat account and into your broker's account so the trade can settle. Selling on the TMS creates the trade; EDIS delivers the shares. Without it the sale is agreed but not completed.

Treat it as same day, and at the latest by the deadline your broker gives you, which is normally the next day. NEPSE settles on a T+2 basis, so the shares have to be with the broker in time for settlement. Brokers set their own cut-offs inside that window, so check what yours says rather than assuming you have the full two days.

The trade goes to close-out: the buyer is compensated instead of receiving the shares, and the seller pays a penalty of 20% of the transaction amount, a quarter of which is taken as tax. Your broker can also stop you trading until it is settled. It is entirely avoidable with a two-minute task, which is what makes it such a frustrating charge to pay.

Yes. The system needs your cost price to work out the capital gains tax deducted at settlement, and that comes from your WACC under My Purchase Source. Set the WACC first, then do the EDIS transfer. Doing it in the other order, or skipping the WACC, is the usual reason a transfer stalls.

Yes. MeroShare works in a mobile browser and the EDIS screens are the same as on desktop. You will need your transaction PIN, so keep it to hand. Many people sell through the TMS on a laptop and then complete the EDIS on a phone later the same day.

Usually because the trade has not reached MeroShare yet. There is a short delay between the TMS confirming your sale and the transaction appearing under My EDIS. Wait, refresh, and check you are looking at the right demat account if you manage more than one.

Read next

The rest of the guide

See it in NEPSE data

The numbers behind the guide

The market, in your pocket

Free on iOS and Android. Live NEPSE, your portfolio, and every calculator.

Download on the App StoreGet it on Google Play