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Important: Closure of Your Trading and Demat Account

Android | Feature Ideas

Dear Client,

We wish to inform you that Market Pulse Securities Private Limited ("Company"/"Punch") has decided to discontinue its business operations and is in the process of surrendering its registrations as a Stockbroker (NSE Member Code: 90253; BSE Member Code: 6845) and Depository Participant with CDSL (DP ID: 12095300), subject to the necessary regulatory approvals.

This email serves as your 30 days' advance notice that your Trading and Demat Account will be closed with effect from 12 September 2026.

Trading Account

You may continue to trade in the F&O segment up to 4 September 2026. After this date, no fresh F&O positions will be permitted.

Fresh transactions in the Equity segment are already disabled; however, you may sell your existing equity holdings up to 11 September 2026.

Demat Account

As per our records, your Demat Account (Client ID: WFE2138) currently has equity holdings. You are therefore requested to sell or transfer your holdings to a demat account with another Depository Participant by 4 September 2026.

You may either:

  1. Sell your holdings in the market; or

  2. Submit an account closure-cum-transfer request through the Punch mobile application. Please submit an Account Closure-cum-Transfer Request through the PUNCH mobile application by navigating to: Jump To → Profile → Action → Request A/c Closure. Before submitting the request, please ensure that you have the CMR copy of the Demat account of the receiving broker available with you. You can get the CMR copy from the receiving broker.

Once all holdings and outstanding obligations are cleared, the Company will process closure of your account.

If no instructions are received and the holdings remain in the account, the account may be marked as "To Be Closed", in accordance with applicable regulatory and depository requirements.

Action Required – By 4 September 2026

  • Close/square off any open trading positions, wherever applicable.

  • Sell or transfer your securities to another demat account.

  • Clear any outstanding dues or obligations.

For any assistance, please contact our Support Team at +91 79482 22271 or writetous@punch.trade.

Posted by Arshad Fahoum ·
14 comments

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Comments14

  • Arshad Fahoum

    Team•

    Sep 11

    Pinned

    Thank you for your messages—and for being part of the Punch community. I hear your frustration, and I’m truly sorry for the inconvenience and disappointment this shutdown has caused.

    This wasn’t an easy decision at all. Punch was built with care, and many of us on the team are traders ourselves. After careful evaluation, we concluded that continuing to operate Punch in its current form wasn’t sustainable for the business. That doesn’t make the outcome any less tough—for you or for us.

    I understand this doesn’t answer every question, and I wish we had a different outcome to share.

    We’re grateful for your trust, your feedback, and the time you spent with Punch. None of this would have been possible without you.

  • TARUNENDU VIRESHCHANDRA DAVE

    •

    Sep 9

    This is Best app. And all features are the best. Why you close this?

    • CHANDAN SINGH

      •

      Sep 14

      Why my a/c is closed

  • AMIT ORAON

    •

    Sep 9

    Dear punch why are you discounting

    I really appreciate what puch gives to trades I was really waiting for punch 3.0 but I heard that market plus is discounting its business operation ( Punch ) , my eyes tears gets fullfill 😭 because I know how I was connected with puch please come back soon 😭😭

  • RANJIT BALKRISHNA TARHAL

    •

    Sep 11

    Dear Punch team,

    It's been very shocking to hear that punch closing there business. Please restart it at punch 3.0 with more powerful app. One screen trading platform is one of the most unique and easy to learn fno traders. Please don't closed the app, comeback very soon. It's an humble request for you guys. Waiting for new era of 👊, punch.

  • RUCHIN GUPTA

    •

    Sep 10

    We deserve to know the reason. And no corporate official notice or some window dressed reason. Actual naked truth.

  • SREEPAL WARRIER

    •

    Sep 11

    Not citing any reason, not even apologizing to your customers for the inconvenience caused to them! What a shameless, unprofessional way to close down business!

  • SAURABH KUMAR

    •

    Sep 11

    I want to close account

  • NEMISH HIRENDRA LELE

    •

    Sep 11

    I don't know why Punch is closing, but it's sad. Punch provided one of the best trading platform. You could have opted for raising brokerage and most of your customers would have accepted like me. Anyway hope for the best and best luck for your future endeavours.

  • PANKAJ

    •

    Sep 11

    what happened….if i m not wrong i m one of first 100 clients….was happy with platform,

    why taken tough decision of shut down of this….

    very sad ….

    • PANKAJ

      •

      Sep 11

      is there any possibility u provide lipi or pine editor code of ur bos choch indicator,
      it is one of best for me

  • PANKAJ

    •

    Sep 11

    when plan to comeback ,just message