Borosil Renewables provided an update regarding a re-lodgement request for 100 physical equity shares of the erstwhile Gujarat Borosil Limited. These shares, originally transferred to the IEPF, pertain to a shareholder involved in previous amalgamation and demerger schemes involving Borosil Limited and Borosil Scientific Limited. Following the statutory notice period, the Company confirmed no objections were received, and entitlement letters will be issued after a 6-month lock-in period.
Update on Share Transfer Relodgement
Borosil Renewables Limited has issued an update concerning a re-lodgement request for the transfer of physical shares originating from the former Gujarat Borosil Limited. This action is being undertaken pursuant to specific circulars issued by the Securities and Exchange Board of India (SEBI) regarding the re-lodgement process for physical share transfers.
Details of Shares Involved
The specific request involves 100 Equity Shares of Gujarat Borosil Limited, each having a face value of Rs. 5/-, fully paid up. These shares were held in the name of the transferor, Anu Aggarwal, identified by Folio No. 01457276. The transferee for these shares is listed as Shashi Sharma.
Preceding Corporate Actions
It is critical to note that these 100 equity shares, along with unclaimed dividends, were previously transferred to the Investor Education and Protection Fund (IEPF) as per IEPF Rules, 2016. Furthermore, the details reflect prior corporate restructuring:
- Per the Composite Scheme of Amalgamation approved on January 15, 2020, Gujarat Borosil Limited was amalgamated into Borosil Renewables Limited (Scheme 1).
- Subsequent corporate restructuring (Scheme 2), approved on November 02, 2023, involved the demerger of the scientific and industrial product business of Borosil Limited to Borosil Scientific Limited.
Entitlement Post-Restructuring
Based on the allotment ratios from Scheme 1, the original 100 shares in Gujarat Borosil Limited resulted in entitlements to shares across the successor companies. Consequently, the initial holding led to transfers to IEPF, including 50 equity shares of Borosil Renewables Limited, 50 equity shares of Borosil Limited, and 37 equity shares of Borosil Scientific Limited.
Conclusion and Next Steps
The Company published a general notice via newspaper advertisements on December 27, 2025, seeking objections or claims within the prescribed timeline. The Company confirmed that no objections or claims have been received for the aforesaid 100 equity shares of Gujarat Borosil Limited. Accordingly, the entitlement letter(s) resulting from these holdings will be issued after a mandatory 6 months (lock-in period). Based on these letters, the transferee will then be eligible to claim the relevant shares from the IEPF.
Source: BSE
