Gujarat Cotex Limited Files SEBI Compliance Certificate for Dematerialisation Process

1 min read     Updated on 16 Apr 2026, 04:29 PM
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Gujarat Cotex Limited submitted a confirmation certificate to BSE Limited under SEBI Regulation 74(5) for the period ended March 31, 2026. The certificate from registrar Purva Sharegistry (India) Pvt. Ltd. confirms compliance with dematerialisation procedures and proper handling of securities received from depository participants. The submission demonstrates the company's adherence to regulatory requirements governing depositories and participants.

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Gujarat Cotex Limited has filed a confirmation certificate with BSE Limited under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. The certificate covers the period ended March 31, 2026, and was submitted on April 16, 2026.

Regulatory Compliance Submission

The textile company submitted the mandatory certificate received from Purva Sharegistry (India) Pvt. Ltd., which serves as the company's registrar and transfer agent. The submission was made in accordance with SEBI regulations governing depositories and participants.

Parameter: Details
Regulation: SEBI Regulation 74(5)
Period Covered: March 31, 2026
Submission Date: April 16, 2026
Registrar: Purva Sharegistry (India) Pvt. Ltd.
Stock Exchange: BSE Limited
Scrip Code: 514386

Certificate Confirmation Details

Purva Sharegistry (India) Pvt. Ltd., a SEBI registered Category 1 registrar (Registration No. INR000001112), confirmed compliance with dematerialisation procedures for the quarter ended March 2026. The registrar verified that securities received from depository participants for dematerialisation were properly confirmed to the depositories within prescribed timelines.

Dematerialisation Process Compliance

The confirmation certificate validates several key compliance aspects:

  • Securities received for dematerialisation were confirmed or rejected to depositories
  • Security certificates have been listed on stock exchanges where earlier issued securities are traded
  • Received security certificates were mutilated and cancelled after verification by depository participants
  • Depository names were substituted in the register of members as registered owners within prescribed timelines

Company Information

Gujarat Cotex Limited operates from its registered office at Shop No. 3, Shanti Complex, Opp. Patel Petrol Pump, Amli, Dadra & Nagar Haveli. The company's Corporate Identity Number is L46695DN1996PLC000116. Shaileshkumar Jayantkumar Parekh, Managing Director (DIN: 01246270), signed the submission to BSE Limited.

The filing represents routine regulatory compliance, ensuring transparency in the company's securities handling and depository operations as mandated by SEBI regulations.

Historical Stock Returns for Gujarat Cotex

1 Day5 Days1 Month6 Months1 Year5 Years
+0.27%+5.17%+114.18%+110.94%+41.16%+1,410.81%

Will Gujarat Cotex Limited's compliance with dematerialisation regulations improve investor confidence and potentially attract more institutional investors?

How might the company's operational performance in the textile sector be affected by current market conditions and regulatory changes in 2026?

Could this regulatory compliance filing signal Gujarat Cotex's preparation for potential corporate actions like bonus issues or stock splits?

Gujarat Cotex Limited Announces Rights Issue of ₹ 4,273.20 Lakhs Opening April 10, 2026

3 min read     Updated on 09 Apr 2026, 04:26 AM
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Gujarat Cotex Limited has announced a rights issue of 8,54,64,000 equity shares at ₹ 5/- each, aggregating ₹ 4,273.20 lakhs. The issue opens April 10, 2026, and closes May 08, 2026, offering rights in 6:1 ratio to shareholders on record date April 01, 2026. All applications must use ASBA process with rights entitlements credited in demat form only.

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Gujarat Cotex Limited has announced a comprehensive rights issue, offering eligible shareholders an opportunity to subscribe to additional equity shares. The company has completed all preliminary requirements and published newspaper advertisements on April 08, 2026, informing shareholders about the dispatch of issue materials in compliance with SEBI regulations.

Rights Issue Details

The rights issue comprises up to 8,54,64,000 fully paid-up equity shares with a face value of ₹ 5/- each, priced at ₹ 5/- per rights equity share. The total issue size aggregates to ₹ 4,273.20 lakhs, assuming full subscription. The issue price represents one times the face value of the equity shares.

Parameter: Details
Issue Size: Up to 8,54,64,000 equity shares
Face Value: ₹ 5/- per share
Issue Price: ₹ 5/- per share
Total Amount: ₹ 4,273.20 lakhs
Rights Ratio: 6:1 (6 rights shares for every 1 existing share)
Record Date: April 01, 2026

Issue Timeline and Key Dates

The rights issue follows a structured timeline with specific dates for various activities. Eligible equity shareholders must note these critical dates to participate in the issue effectively.

Event: Date
Issue Opening: April 10, 2026
Last Date for On-Market Renunciations: May 05, 2026
Issue Closing: May 08, 2026
LOF and Application Dispatch Completed: April 07, 2026
Newspaper Advertisement Published: April 08, 2026

The company's board reserves the right to extend the issue period, but not exceeding 30 days from the issue opening date. No withdrawal of applications will be permitted after the issue closing date.

Application Process and ASBA Requirements

In accordance with Regulation 76 of the SEBI ICDR Regulations, all investors must use the ASBA (Applications Supported by Blocked Amount) process for applications. This mandatory requirement ensures a secure and efficient application mechanism.

Key ASBA Features:

  • Investors must have an ASBA-enabled bank account with a Self Certified Syndicate Bank (SCSB)
  • Application forms can be submitted to designated SCSB branches or through online/electronic applications
  • Funds are blocked in the investor's account until allotment
  • Plain paper applications are also accepted under ASBA

Rights Entitlements and Demat Requirements

Rights entitlements will be credited in dematerialized form to eligible shareholders' demat accounts before the issue opening date. For shareholders holding equity shares in physical form, demat account details must be provided to the registrar or company at least two working days prior to the issue closing date.

Important Requirements:

  • All rights equity shares will be allotted only in dematerialized form
  • Shareholders with physical shares must provide demat account details
  • Rights entitlements can be renounced through on-market or off-market transfers
  • Unsubscribed rights entitlements will lapse after the issue closing date

Renunciation Options

Eligible shareholders can renounce their rights entitlements either fully or partially through two methods:

On-Market Renunciation:

  • Trading on BSE secondary market platform from April 10, 2026, to May 05, 2026
  • Rights entitlements tradable under ISIN: INE004C20010
  • T+1 rolling settlement basis with trade-for-trade settlement

Off-Market Renunciation:

  • Transfer through depository participants
  • Available throughout the renunciation period
  • Requires delivery and receipt instruction slips

Company Background and Listing Details

Gujarat Cotex Limited, incorporated on August 24, 1992, operates in the yarn texturing business. The company's existing equity shares are listed and traded on BSE under scrip code 514386 with ISIN: INE004C01028. The company has undergone several name changes and registered office relocations throughout its corporate history, with the name reverting to Gujarat Cotex Limited on December 27, 2006.

Contact Information and Support

Purva Sharegistry (India) Private Limited serves as the registrar to the issue, while ICICI Bank Limited acts as the banker. Investors can access issue materials on the company's website ( www.gujcotex.co ), registrar's website ( www.purvashare.com ), and BSE website ( www.bseindia.com ). For grievances and queries, shareholders can contact the registrar at support@purvashare.com or the company secretary at info@gujcotex.co .

Historical Stock Returns for Gujarat Cotex

1 Day5 Days1 Month6 Months1 Year5 Years
+0.27%+5.17%+114.18%+110.94%+41.16%+1,410.81%

How will Gujarat Cotex utilize the ₹427 crore raised from this rights issue to expand its yarn texturing operations?

What impact might the 6:1 rights ratio have on Gujarat Cotex's stock liquidity and trading patterns post-issue?

Could this significant capital raise signal Gujarat Cotex's preparation for increased competition in India's textile sector?

More News on Gujarat Cotex

1 Year Returns:+41.16%