Baroda Rayon Corporation Opens Special Window for Transfer and Dematerialisation of Physical Shares Under SEBI Circular

2 min read     Updated on 16 May 2026, 04:05 PM
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AI Summary

The Baroda Rayon Corporation Limited has opened a special window for the transfer and dematerialisation of physical shares from February 05, 2026 to February 04, 2027, in compliance with SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/1/3750/2026 dated January 30, 2026. The facility covers physical securities sold or purchased prior to April 1, 2019, and transferred securities will be credited only in demat mode with a one-year lock-in. Shareholders must submit required documents, including the Original Security Certificate, Share Transfer Deed, and Client Master List, to MUFG Intime India Private Limited at C-101, 247 Park, LBS Marg, Vikhroli West, Mumbai 400083. Cases involving disputes between transferors and transferees, or securities transferred to the IEPF, are excluded from this window.

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The Baroda Rayon Corporation Limited has notified all shareholders of the opening of a special window for the transfer and dematerialisation of physical shares, pursuant to SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/1/3750/2026 dated January 30, 2026. The announcement was published via newspaper advertisements on May 16, 2026, in the Financial Express (English Edition) and Pratap Darpan (Gujarati Edition), and was simultaneously communicated to BSE Limited.

Special Window: Key Details

The special window has been made available for a period of one year, specifically for physical securities that were sold or purchased prior to April 1, 2019. The following table summarises the key parameters of this facility:

Parameter: Details
SEBI Circular Reference: HO/38/13/11(2)2026-MIRSD-POD/1/3750/2026 dated January 30, 2026
Window Open Date: February 05, 2026
Window Close Date: February 04, 2027
Eligible Securities: Physical securities sold/purchased prior to April 1, 2019
Mode of Credit: Demat mode only
Lock-in Period: One year from the date of registration of transfer
RTA Name: MUFG Intime India Private Limited
RTA Address: C-101, 247 Park, LBS Marg, Vikhroli West, Mumbai 400083 (Maharashtra)
RTA Email: investor.helpdesk@in.mpsg.mufg.com
Company Website: www.brcl.in

Eligibility and Scope

The special window also covers transfer requests that were submitted earlier but were rejected, returned, or not attended to due to deficiencies in documents, process, or otherwise. Securities transferred under this window will be mandatorily credited to the transferee only in demat mode. Such securities will be placed under a lock-in for a period of one year from the date of registration of transfer, during which they shall not be transferred, lien-marked, or pledged.

It is important to note that the following categories of cases are explicitly excluded from this window:

  • Cases involving disputes between the transferor and the transferee
  • Securities that have been transferred to the Investor Education and Protection Fund (IEPF)

Documents Required and Process

Shareholders seeking to avail of this facility are required to furnish the following documents to the company's Registrar and Transfer Agent (RTA), MUFG Intime India Private Limited:

  • Original Security Certificate
  • Share Transfer Deed
  • Client Master List (CML)
  • All other documents as listed in the aforesaid SEBI Circular

For any queries, shareholders may raise a service request to the RTA at investor.helpdesk@in.mpsg.mufg.com or to the company at www.brcl.in .

Company Communication

The notice was signed by Kunjal Desai, Company Secretary of The Baroda Rayon Corporation Limited, and is dated May 15, 2026, from Surat. The company's registered office is located at P.O. Baroda Rayon, Fatehnagar, Udhna, Dist. Surat-394220, and can be reached at Tel: 0261-2899555 or Email: admin@brcl.in . The details of this announcement are also available on the company's website at www.brcl.in .

How many shareholders of Baroda Rayon Corporation are estimated to still hold physical securities from before April 1, 2019, and what is the total value of shares potentially eligible for this dematerialisation window?

What happens to physical securities that remain unclaimed or untransferred after the special window closes on February 4, 2027 — will they be transferred to IEPF or face other regulatory consequences?

Could the one-year lock-in period imposed on transferred securities impact Baroda Rayon's stock liquidity or trading volumes once a significant number of shares enter the demat system?

Baroda Rayon Corporation Confirms Non-Large Corporate Status Under SEBI Regulations

1 min read     Updated on 30 Apr 2026, 06:30 PM
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AI Summary

The Baroda Rayon Corporation Limited has disclosed to BSE Limited that it does not qualify as a Large Corporate under SEBI regulations as of March 31, 2026. The company reported outstanding borrowings of Rs. 175.86 crores and maintains an IVR BB- / Stable credit rating from Infomerics Valuation and Rating Ltd. This regulatory disclosure was made on April 30, 2026, ensuring compliance with SEBI circulars governing fund raising by debt securities and disclosure requirements for large entities.

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Baroda rayon Corporation Limited has officially communicated to BSE Limited that it does not meet the criteria to be classified as a Large Corporate under Securities and Exchange Board of India (SEBI) regulations as of March 31, 2026. The disclosure was made through Company Secretary Kunjal Desai and Chief Financial Officer Jugal Kishore Jakhodia on April 30, 2026.

Regulatory Compliance Declaration

The company's declaration was made pursuant to several SEBI circulars, including SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021, and SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023. These circulars pertain to fund raising by issuance of debt securities by large corporates and associated disclosure requirements.

Financial Position and Credit Rating

The company provided key financial details as part of its regulatory disclosure:

Parameter Details
Outstanding Borrowings (March 31, 2026) Rs. 175.86 crores*
Credit Rating IVR BB- / Stable
Rating Agency Infomerics Valuation and Rating Ltd.
Stock Exchange for Compliance BSE Limited

*Provisional figure, subject to audit

Company Background

The Baroda Rayon Corporation Limited operates under CIN L45100GJ1958PLC000892 and is headquartered at P O Fatehnagar, Udhna, Surat 394 220. The company trades on BSE with scrip code 500270. The formal disclosure ensures compliance with SEBI's regulatory framework governing large corporate entities and their debt securities issuance requirements.

Regulatory Implications

By confirming its non-Large Corporate status, Baroda Rayon Corporation Limited is not subject to the specific disclosure and compliance requirements mandated for large entities under the referenced SEBI circulars. The company has fulfilled its obligation to inform the stock exchange of its classification status as required by regulatory guidelines.

How might Baroda Rayon's non-Large Corporate status impact its ability to raise debt financing in the current market environment?

What strategic initiatives could the company pursue to improve its IVR BB- credit rating and reduce borrowing costs?

Will the company's exemption from large corporate disclosure requirements affect institutional investor interest and market transparency?

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