Baroda Rayon Corporation News

Baroda Rayon Secures ₹13 Cr Loan from Unipat Rayon

The Baroda Rayon Corporation Limited has entered into a loan agreement with Unipat Rayon Limited to avail financial assistance up to ₹13.00 crores for business purposes, as disclosed under SEBI regulations.

Baroda Rayon Corporation Reappoints Key Directors for Three-Year Terms

The Baroda Rayon Corporation Limited shareholders approved the reappointment of two directors at their 65th Annual General Meeting held on September 27, 2025. Mr. Damodarbhai Patel was reappointed as Managing Director for a three-year term from December 12, 2025 to December 11, 2028. Mr. Viral Bhavani was reappointed as Whole Time Director for three years from October 1, 2025 to September 30, 2028. Mr. Patel, a commerce graduate with LLB, has been on the board since 2008 and brings over 40 years of business experience across wood, real estate, and textile industries. Mr. Bhavani, a commerce graduate with MBA, has served on the board since 2020 and has over 15 years of experience in real estate and textile business. The two directors have a family relationship, with Mr. Bhavani being Mr. Patel's son.

Baroda Rayon Corporation Board Approves Reappointment of Managing Director and Whole Time Director for 3-Year Terms

The Board of Directors of Baroda Rayon Corporation Limited approved the reappointment of Mr. Damodarbhai Patel as Managing Director and Mr. Viral Bhavani as Whole Time Director, both for three-year terms. Mr. Patel's term will run from December 12, 2025 to December 11, 2028, while Mr. Bhavani's term will be from October 1, 2025 to September 30, 2028. Both reappointments are subject to shareholder approval at the upcoming Annual General Meeting. The decisions were made based on recommendations from the Nomination and Remuneration Committee and Audit Committee during a board meeting held on August 27, 2025. Mr. Patel has over 40 years of business experience and has been on the board since 2008, while Mr. Bhavani has over 15 years of experience in real estate and textile business and joined the board in 2020. The two directors are related, with Mr. Bhavani being Mr. Patel's son.