Borosil Renewables Processes Share Transfer Re-lodgement Under SEBI Special Window
Borosil Renewables Limited processed a re-lodgement request for 100 physical equity shares of Gujarat Borosil Limited under SEBI's special window circular. The shares, originally held by Anu Aggarwal for transfer to Shashi Sharma, had been transferred to IEPF along with unclaimed dividends. Following corporate restructuring through NCLT-approved schemes, the original shareholding translates to entitlements in three companies. After publishing a general notice on December 27, 2025, and receiving no objections, the company will issue entitlement letters after a 6-month lock-in period to enable IEPF claim procedures.
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Borosil Renewables Limited has announced an update regarding the processing of a share transfer re-lodgement request under the Securities and Exchange Board of India's special window provision. The company received a request for transfer of physical shares originally issued by Gujarat Borosil Limited, which was subsequently amalgamated with Borosil Renewables.
Share Transfer Details
The re-lodgement request pertains to specific equity shares with the following details:
| Parameter: | Details |
|---|---|
| Folio Number: | 01457276 |
| Share Quantity: | 100 Equity Shares |
| Face Value: | Rs. 5/- each |
| Original Company: | Gujarat Borosil Limited |
| Transferor: | Anu Aggarwal |
| Transferee: | Shashi Sharma |
| Certificate Number: | 058405 |
| Distinctive Numbers: | 21566371 to 21566470 |
Corporate Restructuring Impact
The shares in question have been affected by significant corporate restructuring events. The 100 equity shares of Gujarat Borosil Limited, along with unclaimed dividends, had already been transferred to the Investor Education and Protection Fund (IEPF) pursuant to IEPF Rules, 2016.
Following the Composite Scheme of Amalgamation and Arrangement approved by the National Company Law Tribunal (NCLT) Mumbai on January 15, 2020, Gujarat Borosil Limited was amalgamated with Borosil Renewables Limited. Under this scheme, the consumer and scientific & industrial product business of Borosil Renewables was transferred by way of demerger to Borosil Limited.
Share Entitlement Structure
As per the approved share allotment ratio under the amalgamation scheme, the original shareholder of 100 equity shares of Gujarat Borosil Limited is entitled to:
| Entitlement: | Details |
|---|---|
| Borosil Renewables Shares: | 50 equity shares of Re. 1/- each |
| Borosil Limited Shares: | 50 equity shares of Re. 1/- each |
| Borosil Scientific Shares: | 37 equity shares of Re. 1/- each |
The entitlement to Borosil Scientific Limited shares arose from a subsequent Composite Scheme of Arrangement approved by NCLT Mumbai on November 02, 2023, under which Borosil Limited's scientific and industrial product business was demerged to Borosil Scientific Limited.
Regulatory Compliance Process
In compliance with SEBI Circular no. SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/97 dated July 02, 2025, and related regulations, Borosil Renewables published a general notice through newspaper advertisements on December 27, 2025. This notice sought objections or claims regarding the proposed share transfer within prescribed timelines.
The company has confirmed that no objections or claims were received for the 100 equity shares of Gujarat Borosil Limited during the specified period.
Next Steps and Timeline
Borosil Renewables will issue entitlement letters for the relevant shares after the completion of a 6-month lock-in period. Based on these entitlement letters, the transferee will be eligible to claim the corresponding shares from the IEPF. The company has made detailed information regarding this process available on its website for stakeholder reference and transparency.
Historical Stock Returns for Borosil Renewables
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.41% | -7.88% | -9.37% | -25.41% | -12.58% | +54.46% |
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