Baroda Rayon Corporation Ltd

AGM Details

• 66th AGM held on 29 September 2026 at 10:00 a.m. at Patidar Bhavan, Kadodara, Surat-394327, Gujarat.
• Physical meeting with remote e-voting facility and ballot voting conducted.

Key Resolutions

• Resolution 1 (Ordinary): Adopt Audited Financial Statements for the year ended 31 March 2026.
• Resolution 2 (Ordinary): Re-appoint Director retiring by rotation (Viral Bhavani).

Voting Results

• Resolution 1: Passed at AGM.
• Resolution 2: Passed at AGM.

Director Changes

• Re-appointment of Director Viral Bhavani (DIN 02597320) retiring by rotation.

AGM Details & Ordinary Resolutions

• Date/time/mode: 29 September 2026, 10:00 a.m., physical meeting at Patidar Bhavan, Kadodara, Surat.
• Ordinary Resolution: Adoption of Audited Financial Statements for year ended 31 March 2026.
• Ordinary Resolution: Appointment of Mr Viral Bhavani as Director liable to retire by rotation.
• Statutory Auditor's report had no adverse qualifications; Secretarial Auditor's report contained qualifications.
• Results to be disseminated; remote e-voting and ballot voting conducted via NSDL.
• Remote e-voting window: Sept 26–28, 2026; Ballot voting available post-meeting.
• Scrutinizer appointed: CS Manish R. Patel.
• Meeting concluded at 10:17 a.m.

Baroda Rayon Corporation Limited – Closure of trading window from October 01, 2026 till 48 hours after the declaration of Un-Audited Financial Results for the quarter and half year ended September 30, 2026

Special Window transfer update

• NIL transfer requests received during August 2026; none processed or rejected.

AGM & AR access

• 66th AGM scheduled Sept 29, 2026 at 10:00 IST, Patidar Bhavan, Kadodara, Surat.
• Annual Report 2025-26 available online; web link and exact path provided.
• Cut-off date for emailing unregistered holders: Aug 21, 2026.
• AR web link brcl.in/AnnualReport.aspx and path Investors Relations; Annual Report 2025-26.
• KYC updates required for physical holders per SEBI circular; PAN, contact, bank details must be updated.

Shareholder communications & KYC

• Letters dispatched to shareholders without registered emails providing AR access link.
• KYC formats ISR-1 to SH-14 available on the BRCL website.
• Dematerialise physical securities; electronic payments from April 1, 2024 for physical folios.

Financial snapshot

• Revenue from operations: ₹6177.00 Lakhs for FY25-26; down from ₹9960.00 FY24-25.
• Total income: ₹6334.07 Lakhs; decline year-on-year.
• PBIDT: ₹2065.66 Lakhs.
• Profit before exceptional items: ₹2030.06 Lakhs.
• Exceptional item: ₹-190.56 Lakhs.
• Profit after tax: ₹2220.62 Lakhs.
• EPS: ₹9.69 per share (basic/diluted).
• Operating margin: 58.36% (FY26) vs 29.45% (FY25).
• Net profit margin: 35.06% (FY26) vs 39.28% (FY25).
• Segment revenue - Real Estate: ₹6228.42 Lakhs.
• Segment profit - Real Estate: ₹1958.84 Lakhs.
• Total assets: ₹73,228.72 Lakhs.
• Total equity: ₹39,451.22 Lakhs.

Operations & projects

• Real estate focus; textile activities standstill since Aug 2008.
• Shree Laxminarayan Industrial Park: 503 units; 85% sold.
• Surat Textile Bourse Phase I - Part A: 323 units; 17% sold.

Capital structure & liquidity

• Paid-up equity capital: ₹2,291.14 Lakhs; authorized: ₹15,000 Lakhs.
• Non-current borrowings ₹13,732.08 Lakhs; current borrowings ₹3,896.28 Lakhs.
• Total borrowings mix; debt-equity at 0.45.
• Cash and cash equivalents: ₹9.01 Lakhs as at 31-03-2026.
• Credit rating IVR BB- / Stable.

Governance & risk

• Board: 6 directors; 2 ED, 1 Non-Exec, 3 Independent.
• Statutory auditors Kansariwala & Chevli; reappointed for second term.
• Secretarial Auditor: Manish R. Patel; Reg 31(2) noted; demat non-compliance.
• Vigil mechanism and Whistle Blower policy in place; no complaints.

Shareholding & promoters

• Promoter holding: 67.53%; Kanchenjunga Texturisers 32.30%; Sejima Texyarn 19.28%.
• Dematerialization: 91.98%; physical 8.02%.
• Shareholders: 77,586.

CSR & compliance

• CSR spend: ₹44.75 Lakhs; requirement ₹44.73 Lakhs.
• CSR Committee: Damodarbhai Patel (Chairman), Viral Bhavani, Chimanlal Patel.
• CSR policy on website; impact assessment not applicable.

Outlook & risks

• Textile standstill; going concern maintained due to real estate pivot.
• Regulatory and financing headwinds; higher financing costs possible.
• Management monitors macro conditions for liquidity planning.

Key Decisions

• Directors' Report approved for year ended March 31, 2026.
• 66th AGM fixed for Sept 29, 2026 at 10:00 a.m., Patidar Bhavan, Kadodara.
• Book closure fixed Sept 23–29, 2026 (inclusive) for AGM.

Appointments/Resignations

• Appointed Mr. Manish Patel, Practicing Company Secretary, Surat, as Scrutinizer for AGM e-voting.

Special Window transfer update

• No transfer requests received, processed, or rejected during July 2026.