Agarwal Industrial Corporation Commences Commercial Operations of Bulk Bitumen Storage Facility at Mangalore

1 min read     Updated on 06 May 2026, 04:50 AM
scanx
Reviewed by
Suketu GScanX News Team
AI Summary

Agarwal Industrial Corporation Limited announced the commencement of commercial operations at its Bulk Bitumen Storage facility in Mangalore on May 05, 2026. The facility, situated at the company's own premises, is aimed at strengthening supply chain capabilities to better serve customers in the region. The announcement was signed by Whole-time Director Lalit Agarwal and submitted to both BSE Limited and the National Stock Exchange of India Limited.

powered bylight_fuzz_icon
39552736

*this image is generated using AI for illustrative purposes only.

Agarwal Industrial Corporation Limited has announced the commencement of commercial operations at its Bulk Bitumen Storage facility in Mangalore. The announcement, dated May 05, 2026, was formally communicated to the stock exchanges, marking a notable development in the company's infrastructure and logistics expansion.

Facility Launch Details

The newly operational facility is housed at the company's own premises in Mangalore and is dedicated to bulk bitumen storage. The commencement of operations at this facility is positioned as a significant step in the company's strategic expansion plan. The following table summarises the key details of this development:

Parameter: Details
Announcement Date: May 05, 2026
Facility Type: Bulk Bitumen Storage
Facility Location: Mangalore
Ownership: Company's own facilities
Announced By: Lalit Agarwal, Whole-time Director

Strategic Significance

The launch of the Bulk Bitumen Storage facility at Mangalore is intended to strengthen the company's supply chain capabilities, enabling it to more effectively serve customers in that region. Agarwal Industrial Corporation operates in petrochemicals, with a focus on the manufacture and trading of bitumen and bituminous products, as well as logistics for bitumen and LPG. The addition of this facility at Mangalore is consistent with the company's broader operational footprint in these segments.

The announcement was formally signed by Lalit Agarwal, Whole-time Director of Agarwal Industrial Corporation Limited, and was submitted to both BSE Limited and the National Stock Exchange of India Limited for information and records.

Historical Stock Returns for Agarwal Industrial Corporation

1 Day5 Days1 Month6 Months1 Year5 Years
+4.69%+9.55%+28.45%-43.95%-51.34%+157.14%

How might the Mangalore bulk bitumen storage facility impact Agarwal Industrial Corporation's market share in South India's road construction and infrastructure sector?

Are there plans to expand similar bulk bitumen storage facilities to other strategic port locations across India following the Mangalore launch?

How could this facility's proximity to Mangalore's port infrastructure affect the company's bitumen import and distribution economics?

Agarwal Industrial Corporation
View Company Insights
View All News
like15
dislike

Agarwal Industrial Corporation Announces Special Window for Physical Share Transfer and Dematerialisation

2 min read     Updated on 25 Apr 2026, 02:37 PM
scanx
Reviewed by
Radhika SScanX News Team
AI Summary

Agarwal Industrial Corporation Limited has informed shareholders about a special window opened by SEBI for the transfer and dematerialisation of physical securities purchased or sold prior to April 1, 2019. The special window will remain open from February 5, 2026 to February 4, 2027. During this period, securities transferred will be credited to the transferee only in demat mode and will be subject to a one-year lock-in from the date of registration. Investors have been requested to submit the requisite documents to the company's Registrar and Share Transfer Agent, MUFG Intime India Private Limited, within the specified period.

powered bylight_fuzz_icon
38653657

*this image is generated using AI for illustrative purposes only.

Agarwal Industrial Corporation Limited has informed its shareholders about a special window for the transfer and dematerialisation of physical securities. The Securities and Exchange Board of India (SEBI), through circular number HO/38/13/11/2026-MIRSD-POD/1/3/50/2026 dated January 30, 2026, has decided to open this special window to facilitate ease of investing and secure investor rights in securities purchased prior to April 1, 2019.

The special window will be operational for a period of one year, from February 5, 2026 to February 4, 2027. This facility covers physical securities that were sold or purchased before April 1, 2019, including transfer requests that were submitted earlier but were rejected, returned, or not attended to due to deficiencies in documents or processes.

Key Features of the Special Window

Aspect Details
Window Period February 5, 2026 to February 4, 2027
Eligible Securities Physical securities purchased/sold prior to April 1, 2019
Credit Mode Mandatory credit to transferee in demat mode only
Lock-in Period One year from date of registration of transfer
Restrictions Securities cannot be transferred, lien-marked, or pledged during lock-in

Submission Process

The concerned investors have been requested to take advantage of this special window by submitting the requisite documents to the company's Registrar and Share Transfer Agent (RTA). The RTA details are as follows:

  • Name: MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
  • Address: C101, Embassy 24/7, L.B.S. Marg, Vikhroli West, Mumbai - 400083
  • Telephone: +91 8108116767
  • Email: investorhelpdesk@in.intime.com

The notice, signed by Yashee Agrawal, Company Secretary and Compliance Officer of Agarwal Industrial Corporation Limited , emphasises that this initiative by SEBI aims to facilitate ease of doing investing and secure the rights of investors in securities purchased by them. Investors holding physical shares are advised to utilise this opportunity within the stipulated timeframe.

Historical Stock Returns for Agarwal Industrial Corporation

1 Day5 Days1 Month6 Months1 Year5 Years
+4.69%+9.55%+28.45%-43.95%-51.34%+157.14%

Will SEBI extend this special window beyond February 2027 if investor response is overwhelming or if significant backlogs remain?

How might the one-year lock-in period affect trading volumes and liquidity for companies with large physical shareholdings?

What penalties or consequences will investors face if they fail to utilize this special window and continue holding physical securities?

Agarwal Industrial Corporation
View Company Insights
View All News
like20
dislike

More News on Agarwal Industrial Corporation

1 Year Returns:-51.34%