Board Meeting12 May 2026, 03:45 pm
Borosil Renewables Reappoints Sunil Roongta as Whole Time Director
AI Summary
Borosil Renewables Ltd. has reappointed Mr. Sunil Roongta as Whole-Time Director & Key Managerial Personnel, effective from May 27, 2027, to July 22, 2029, subject to shareholder approval. This is in addition to his current role as Chief Financial Officer. The board also approved seeking shareholder approval to raise funds up to ₹750 crores through various means and re-appointed M/s. Chaturvedi & Shah LLP as Statutory Auditors for a second term of five years, concluding at the 68th AGM in 2031, also subject to shareholder approval. Additionally, the company is starting a new division to sell Rooftop Solar Solutions.
Key Highlights
- Sunil Roongta re-appointed as Whole-Time Director & KMP from May 27, 2027, to July 22, 2029.
- Shareholders' approval sought for raising funds up to ₹750 crores.
- Chaturvedi & Shah LLP re-appointed as Statutory Auditors until the 68th AGM in 2031.
- Borosil Renewables to start a new division for Rooftop Solar Solutions.
- Board approved audited financial results for the year ended March 31, 2026.
Price Impact
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