Borosil Renewables Clears Physical Share Transfer Linked To Gujarat Borosil Merger And IEPF Claims

Borosil Renewables Limited has issued an update regarding the re-lodgement request for the transfer of certain physical shares in accordance with special guidelines provided by the Securities and Exchange Board of India (SEBI). The request relates to 100 equity shares of Gujarat Borosil Limited that were originally held under folio number 01457276 by Anu Aggarwal. The shares were intended to be transferred to Shashi Sharma.

The matter involves additional steps because the original shares and the related unclaimed dividends had earlier been transferred to the Investor Education and Protection Fund (IEPF). As a result, the transfer process must follow certain regulatory procedures and take into account corporate restructuring events that took place over the past few years.

In 2020, Gujarat Borosil Limited was merged with Borosil Renewables Limited as part of a corporate amalgamation. Due to this restructuring, the original 100 shares of Gujarat Borosil Limited now translate into an entitlement of 50 shares of Borosil Renewables Limited and 50 shares of Borosil Limited. Later, another corporate restructuring took place in 2023 involving Borosil Limited. As part of that arrangement, shareholders became entitled to additional shares of Borosil Scientific Limited. In this particular case, the 50 shares of Borosil Limited further result in an entitlement of 37 shares of Borosil Scientific Limited.

To move forward with the transfer process, Borosil Renewables Limited issued a public notice on December 27, 2025. The purpose of the notice was to invite any objections or competing claims related to the shares before proceeding with the transfer. According to the company, no objections were received during the specified period.

Following the completion of this step, the company has confirmed that entitlement letters will be issued to the transferee, Shashi Sharma, after a mandatory six-month lock-in period. Once the entitlement letters are issued, the transferee will be able to claim the corresponding shares from the Investor Education and Protection Fund. The company stated that this step ensures compliance with SEBI regulations while properly reflecting the impact of the company’s past mergers and restructuring activities.