In the event of multiple nominees, the transmission of shares will be carried out to all nominees in the respective share percentages specified by the deceased while adding nominees. All the ISINs or stocks in the Demat account will be distributed in the same ratio. A maximum of three nominees can be added to any Demat account.

For example:
If Mr. A has added X, Y, and Z as nominees in his demat account with a share percentage of 20%, 50%, and 30%, respectively, then all the stocks in his demat account will be distributed to X, Y, and Z in the same ratio after his death.

To know about documents required, see What is the procedure for transmission of shares after the death of account holder if there is a nominee appointed by the deceased?