Jai Balaji Industries Opens Special Window for Physical Share Transfer and Dematerialization

2 min read     Updated on 14 Apr 2026, 05:38 PM
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Jai Balaji Industries Limited has opened a special window from February 05, 2026 to February 04, 2027 for transfer and dematerialization of physical shares sold or purchased before April 01, 2019. The one-year facility, announced in compliance with SEBI circular dated January 30, 2026, also covers previously rejected transfer requests. Eligible shareholders can submit applications to RTA Maheshwari Datamatics Private Limited, with transferred securities subject to mandatory demat mode and one-year lock-in period.

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Jai Balaji Industries Limited has announced the opening of a special window for transfer and dematerialization of physical shares, providing shareholders with an opportunity to regularize their holdings in compliance with SEBI regulations.

Special Window Details

In accordance with SEBI circular no. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026, the company has opened another special window for a period of one year. The window operates from February 05, 2026 to February 04, 2027, specifically for transfer and dematerialization of physical shares which were sold or purchased prior to April 01, 2019.

Parameter: Details
Window Period: February 05, 2026 to February 04, 2027
Duration: One year
Eligible Shares: Sold or purchased before April 01, 2019
SEBI Circular Reference: HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026

Scope of Coverage

The special window extends beyond new applications to include previously submitted transfer requests that faced processing issues. The facility covers transfer requests which were submitted earlier and were rejected, returned, or not attended to due to deficiency in the documents, process, or otherwise.

Submission Process and Contact Details

Eligible shareholders may submit their requests along with requisite documents to the company's Registrar and Share Transfer Agent (RTA). The designated RTA is Maheshwari Datamatics Private Limited, Unit: Jai Balaji Industries Limited, located at 23, R.N. Mukherjee Road, Kolkata, West Bengal-700001.

Contact Method: Details
Email (RTA): contact@mdpncorporate.com / compliance@mdpncorporate.com
Phone (RTA): 033 22482248, 22435029
Company Address: 5, Bentinck Street, Kolkata-700001
Company Phone: 22489808 / 22435029
Company Email: jaibalaji@jaibalajigroup.com

Transfer Conditions and Lock-in Requirements

During this period, securities transferred will be mandatorily credited to the transferee only in demat mode, once all documents are found to be in order by the RTA. The transferred securities will be subject to a lock-in period of one year from the date of registration of transfer. During the lock-in period, such securities cannot be transferred, lien-marked, or pledged.

Regulatory Compliance

The company has made newspaper publications in "Financial Express" (English) and "Ekdin" (Vernacular) as part of its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was signed by Ajay Kumar Tantia, Company Secretary, and communicated to both NSE and BSE on April 14, 2026.

Shareholders are advised to lodge or re-lodge their duly executed transfer deeds along with all requisite documents, complete in all respects, with the company's RTA within the stipulated timeframe to avail of this special facility.

Historical Stock Returns for Jai Balaji Industries

1 Day5 Days1 Month6 Months1 Year5 Years
+3.46%+9.60%+10.07%-28.50%-48.99%+799.74%

Will SEBI extend similar special windows to other listed companies facing physical share transfer backlogs?

How might the one-year lock-in period affect Jai Balaji Industries' trading liquidity and share price volatility?

What percentage of Jai Balaji's total shareholding remains in physical form and could potentially be dematerialized through this window?

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Jai Balaji Industries Announces Senior Management Personnel Resignations

1 min read     Updated on 11 Apr 2026, 07:38 PM
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AI Summary

Jai Balaji Industries Limited announced resignations of two senior management personnel - Mr. Sujoy Kanti Bagchi (President, Sales & Marketing) and Mr. Sanjay Agarwal (Associate VP, Accounts) due to personal reasons. The resignations are effective from April 11, 2026, and March 16, 2026, respectively, with proper SEBI regulatory disclosures completed.

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Jai Balaji Industries Limited has announced the resignation of two senior management personnel in compliance with SEBI disclosure requirements. The company informed the National Stock Exchange of India Limited and BSE Limited about these management changes through an official communication dated April 11, 2026.

Senior Management Departures

The company has received resignations from two key executives who cited personal reasons for their departure. Both resignations were processed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Executive Details: Mr. Sujoy Kanti Bagchi Mr. Sanjay Agarwal
Designation: President – Sales & Marketing Associate Vice President – Accounts
Reason for Departure: Personal reasons Personal reasons
Effective Date: April 11, 2026 March 16, 2026
Notice Period: Closure of business hours Closure of business hours

Resignation Details and Timeline

Mr. Sujoy Kanti Bagchi served as President of the Sales & Marketing Department, specifically handling the Long Product Division. His resignation letter, dated November 16, 2025, indicated his last working day as April 11, 2026. Bagchi had been with the company for 4 years and 10 months, joining on January 18, 2021, with employee code 10611.

Mr. Sanjay Agarwal, who held the position of Associate Vice President in the Accounts Department, submitted his resignation on February 9, 2026, requesting release by March 16, 2026. In his resignation communication, Agarwal mentioned receiving a job opportunity with a reputed corporate house.

Regulatory Compliance

The company has fulfilled all disclosure requirements as mandated under SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Company Secretary Ajay Kumar Tantia signed the official communication, ensuring proper documentation and regulatory compliance.

The resignation letters and detailed annexures have been submitted to both stock exchanges where the company is listed, with scrip codes JAIBALAJI on NSE and 532976 on BSE. Both executives expressed their commitment to ensuring smooth transitions and completing all necessary handover formalities during their notice periods.

Historical Stock Returns for Jai Balaji Industries

1 Day5 Days1 Month6 Months1 Year5 Years
+3.46%+9.60%+10.07%-28.50%-48.99%+799.74%

How will the departure of the Sales & Marketing President impact Jai Balaji's Long Product Division revenue and market positioning in the coming quarters?

What succession planning measures is the company implementing to fill these critical leadership positions in sales and finance functions?

Could these senior management exits signal broader organizational challenges or industry-wide talent migration trends in the steel sector?

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1 Year Returns:-48.99%