Baroda Rayon Corporation Lands 80 Crore Facility from Aditya Birla Capital for Real Estate Refinancing
Baroda Rayon Corporation Ltd (BRCL) has secured a term loan facility aggregating to 80.00 Crore from Aditya Birla Capital Limited (ABCL). The agreement, finalized on June 29, 2026, involves the refinancing of existing consortium borrowings combined with a fresh term loan provided by ABCL for BRCL’s commercial real estate project.The total facility of 80.00 Crore is structured as a takeover-cum-enhancement of the company's existing debt and includes an additional lending tranche from the lender. The transaction aims to optimize the company’s financing cost while providing necessary capital for its ongoing commercial real estate initiatives.
Loan Structure Details
The loan facility comprises two main components:1. Takeover: A takeover of the company's existing consortium loan, totaling 32.06 Crore, which is currently held with The Mehsana Urban Co-operative Bank Ltd., The Sutex Co-operative Bank Ltd., and Surat National Co-operative Bank Ltd.
2. Fresh Term Loan: An additional term loan amounting to 47.94 Crore provided by ABCL.
The detailed financial structure of the agreement is summarized below:
| Detail | Facility Amount | Breakdown |
|---|---|---|
| Total Loan Facility | 80.00 Crore | Takeover (32.06 Crore) + Fresh Term Loan (47.94 Crore) |
| Agreement Date | June 29, 2026 |
Security and Guarantees
The loan facility is secured by primary charges over immovable non-agriculture land associated with two industrial projects organized by BRCL: 'SURAT TEXTILE BOURSE PHASE-1/Part -A' and 'SURAT TEXTILE BOURSE, PHASE - II'.Primary Collateral Details:
| Project | Security Type | Land Area (Total) |
|---|---|---|
| SURAT TEXTILE BOURSE PHASE- 1/Part -A | 1st charge | Approximately 27487.66 sq. meter |
| SURAT TEXTILE BOURSE, PHASE - II | 1st charge | Approximately 101218.04 sq. meter |
In addition to the primary charges, nine guarantors have provided guarantees for the loan facility. The list includes both personal and corporate guarantees:
- Personal Guarantors: Mr. Damodar Bhimji Patel, Mr. Viral Damodar Bhavani, Mrs. Vidhya Viral Bhavani, Mr. Mohan Bhimji Patel, Mr. Narshi Devji Bhavani, Mr. Pravin Premji Patel, and Mr. Ishwar Vikram Patel.
- Corporate Guarantors: M/s. Sejima Texyarn Pvt. Ltd. and M/s. Kanchenjunga Texturisers Private Limited.
Stock Price Movement
Baroda Rayon Corporation Ltd shares concluded trading down after the close of trade, settling at ₹126.55, reflecting a 2.47% dip. The stock traded within a considerable intraday range, hitting a low of ₹126.05 and peaking at an intraday high of ₹131.95.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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