Borosil Renewables Allots 53.38 Lakh Shares on Warrant Conversion

Borosil Renewables Limited has announced the allotment of 53,38,840 equity shares of face value Re. 1/- each, fully paid-up, upon conversion of warrants. These warrants were initially allotted on a preferential basis on February 14, 2025, to non-promoter category persons at an issue price of Rs. 530/- per warrant. The conversion follows the receipt of conversion notices and the balance 75% payment from warrant holders. This allotment increases the company's paid-up equity share capital to Rs. 14,71,83,709. The funds raised will be utilized for the solar glass expansion project.