Borana Weaves Ltd

Borana Weaves Ltd announced the appointment of Mr. Kunjal Dalal, Proprietor of K. Dalal & Co., as the company's Secretarial Auditor. This appointment, effective July 29, 2026, fills a casual vacancy arising from the resignation of the previous auditor. The term of appointment extends until the upcoming Annual General Meeting. Mr. Dalal brings over three decades of experience in company law, securities laws, and capital market transactions.

Borana Weaves Limited's Board of Directors met on July 29, 2026, approving several key appointments and noting a fine levied by NSE. The board accepted the resignation of Mr. Jitendrakumar Rewashankar Rawal as Secretarial Auditor and appointed Mr. Kunjal Dalal as the new Secretarial Auditor and Practising Company Secretary. Mr. Ishant Jain was appointed as the Company Secretary and Compliance Officer. The board also discussed a fine imposed by NSE for non-compliance with SEBI LODR Regulations, noting it was unintentional, and authorized seeking a waiver or refund.

Borana Weaves Ltd has scheduled a Board of Directors meeting for July 29, 2026. The primary agenda items include accepting the resignation of the current Practising Company Secretary and Secretarial Auditor, Mr. Jitendrakumar Rewashankar Rawal. The board will then consider and approve the appointment of Mr. Kunjal Dalal as the new Practising Company Secretary, Secretarial Auditor, and Scrutinizer for the upcoming Annual General Meeting. Additionally, the appointment of Mr. Ishant Jain as Company Secretary and Compliance Officer will be considered. The board will also discuss comments on a fine levied by the Exchange.

Borana Weaves Limited has received approval from the Ministry of Textiles, Government of India, to participate in the Production Linked Incentive (PLI) Scheme for Textiles. The approval specifically covers the MMF Fabrics segment under Part-2 category. This signifies the company's inclusion in a government initiative aimed at boosting domestic manufacturing and production in the textile sector. The company must adhere to the scheme's guidelines, and the final disbursement of incentives will be contingent upon meeting specified investment, turnover, and value addition criteria.

Borana Weaves Limited has announced the closure of its trading window in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. This closure is in preparation for the declaration of Unaudited Financial Results for the quarter and three months ending June 30, 2026. The window will be shut for all Directors, KMPs, Designated Persons, and their immediate relatives from July 1, 2026, until 48 hours after the financial results are officially declared. The specific date for the Board Meeting to consider these results will be communicated later.

Borana Weaves Ltd has announced a revised commissioning timeline for its 9.9 MW Hybrid Power Project in Kalikanagar, Gujarat. The project, developed by Clean Max Enviro Energy Solutions Limited, was initially expected to be operational by May 31, 2026. However, due to unforeseen factors including high wind speeds halting wind turbine erection, fuel shortages, and delays in obtaining necessary power line shutdowns, the commissioning is now tentatively rescheduled for the end of August 2026. This delay impacts the project's original schedule.

Borana Weaves Ltd's board meeting on June 1, 2026, approved the resignation of Ms. Seema Luniya as Company Secretary and Compliance Officer due to career growth opportunities. The board also approved the change of the company's registered office from Plot No AA/34, Surat to Plot No. B-5/3, Surat, Gujarat.

Borana Weaves Limited has submitted its revised audited standalone financial results for the quarter and year ended March 31, 2026. This submission addresses a previous discrepancy where the Auditor's Report for the Standalone Financial Results for the year ended March 2026 was unintentionally omitted. The revised filing now includes the duly signed Auditor's Report. For the fiscal year 2026, the company reported revenue from operations of ₹38,859.30 lakhs, an increase from ₹29,031.04 lakhs in the previous year. The profit for the year also significantly rose to ₹4,016.18 lakhs, compared to ₹1,993.71 lakhs in the prior year. Basic and diluted earnings per share for FY26 stood at ₹20.14.

Borana Weaves Limited has released its financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the standalone audited financial results during a meeting held on May 14, 2026. Additionally, M/s. Vora Vora & Associates were appointed as the Internal Auditor for FY 2026-27, and M/s. Vaghela Kishor & Co were re-appointed as Cost Auditor for the same period.

Borana Weaves Limited announced the approval of its audited standalone financial results for the quarter and year ended March 31, 2026, during a board meeting held on May 14, 2026. The board also appointed M/s. Vora Vora & Associates as the Internal Auditor for the financial year 2026-27 and re-appointed M/s. Vaghela Kishor & Co as Cost Auditor for the same period.