Borana Weaves Approves Un-Audited Q1 FY27 Results & Expansion

Borana Weaves Ltd announced the outcome of its Board Meeting held on August 11, 2026. The board approved the Un-Audited Standalone Financial Results for the quarter ended June 30, 2026, along with the Limited Review Report. Key decisions also included approving an expansion plan at Unit 4 with the installation of 192 Water Jet Looms and 3 Texturizing Machines, targeted for commercial production by December 2026, funded by internal accruals. Material Related Party Transactions for FY 2026-27 were approved, subject to necessary approvals. The Board's Report for FY ended March 31, 2026, was also approved. Additionally, the board approved revisions in remuneration for Chairman and Managing Director Mr. Mangilal Ambalal Borana, Executive Director and CFO Mr. Rajkumar Mangilal Borana, and Executive Director and CEO Mr. Ankur Mangilal Borana, pending shareholder approval. The 6th Annual General Meeting is scheduled for September 29, 2026. The appointment of Ms. K. Dalal & Co. as Secretarial Auditor and the re-appointment of Ms. KSA & Co. as Statutory Auditors for a five-year term were also approved, subject to shareholder consent.