Borana Weaves Declares Un-audited Q1 FY27 Results, Approves Expansion

Borana Weaves Ltd announced its un-audited standalone financial results for the quarter ended June 30, 2026. The Board of Directors also approved an expansion project at Unit 4, involving the installation of 192 Water Jet Looms and 3 Texturizing Machines, with commercial production expected by December 2026. The company also approved material related party transactions for FY 2026-27, the Board's Report for FY ended March 31, 2026, and revisions in remuneration for key management personnel, subject to shareholder approval. The 6th Annual General Meeting is scheduled for September 29, 2026. Additionally, the appointment of a new Secretarial Auditor and re-appointment of Statutory Auditors for a five-year term were approved.