Borosil Ltd

Borosil Ltd announced significant management changes following its Board of Directors meeting on August 14, 2026. Mr. Bhaunik Shah resigned as Company Secretary & Compliance Officer due to internal role re-alignment, effective August 14, 2026, but will remain employed by the company. Mr. Pradeep Joshi has been appointed as the new Company Secretary and Compliance Officer, effective August 15, 2026. He was previously appointed as Senior Management Personnel on July 13, 2026. Additionally, Mr. Parag Parekh, Vice President — Internal Audit, was appointed as Senior Management Personnel effective August 14, 2026. The board also approved unaudited financial results for the quarter ended June 30, 2026.

Consolidated PAT — the primary basis — came in at ₹12.80 Cr for Q1 FY27, down 26.5% year-on-year from ₹17.41 Cr, even as revenue grew a modest 8.98% YoY to ₹253.59 Cr from ₹232.69 Cr. Sequentially, revenue fell 10.75% from Q4 FY26's ₹284.12 Cr while PAT actually rose 20.9% QoQ from ₹10.59 Cr — a bounce off a seasonally soft January-March base, not the headline signal; the YoY profit decline against YoY revenue growth is the story of the quarter. Standalone results track closely: PAT ₹13.60 Cr, down 22.1% YoY, with basic EPS of ₹1.14 versus consolidated EPS of ₹1.07 (down 26.7% YoY from ₹1.46). The squeeze sits entirely on margins. Consolidated OPM compressed to 13.59% from 16.05% a year ago (~246bps), and NPM to 4.92% from 7.18% (~226bps), even though total expenses grew broadly in line with total income. Neither quarter carries exceptional items, so the decline is purely operating performance rather than a base-effect artifact — no adjusted-growth restatement is needed here. Against our pre-result preview, the print falls short: the preview flagged standalone revenue of ~₹350-380 Cr and an EBITDA margin range of 14-16%; actual standalone revenue of ₹256.6 Cr and consolidated OPM of ~13.6% both miss those marks. A fresh web search turned up no third-party consensus specific to Borosil Limited (as distinct from group-listed Borosil Renewables and Borosil Scientific, which do have active coverage), confirming the preview's own note that analyst coverage here is sparse. Against management's own May 2026 guidance — 15-20% YoY revenue growth and EBITDA margins closer to 20% in the medium term — this quarter's 9% YoY revenue growth and 13.6% OPM both fall short, an early miss on the outlook set at the last call. Stylenest India Limited, the vacuum-insulated steel flask subsidiary flagged as a pre-result watch item, commenced commercial production only on 30 June 2026 — the last day of the quarter — so its P&L contribution here is negligible; the real test is Q2 FY27. The quarter also carries its first full period under CEO Rituraj Sharma following his May 20, 2026 redesignation, and a Company Secretary handover (Bhaunik Shah resigning effective August 14, Pradeep Joshi taking over August 15) — governance moves with no direct bearing on this print. Going into Q2 FY27, the markers to watch are whether OPM recovers back toward the 20% medium-term target, how much revenue and margin Stylenest actually contributes once a full quarter of production is reflected, and whether consolidated revenue growth accelerates back toward management's 15-20% guided range from this quarter's 9%.

Borosil Ltd has announced that its Board of Directors will convene on August 14, 2026. The primary agenda for this meeting is to consider and approve the Unaudited Financial Results for both standalone and consolidated operations for the quarter ended June 30, 2026. The company has also informed that the trading window for designated persons and their immediate relatives, which commenced on July 01, 2026, will remain closed until 48 hours after the declaration of these financial results. This information is also available on the company's website.

Borosil Ltd announced the appointment of four senior management personnel (SMPs) effective July 13, 2026. The appointments include Mr. Ritesh Kumar (Senior Vice President), Mr. Manoj Tiwari (Vice President – Operations), Mr. Dev Rishi Bhatnagar (Vice President & Cluster Head - Jaipur Operations), and Mr. Pradeep Joshi (Associate Vice President – Secretarial). These appointments were approved by the Board of Directors based on the recommendation of the Nomination and Remuneration Committee. The company provided detailed profiles and terms of appointment for each individual as required by SEBI regulations, highlighting their extensive experience in relevant fields.

Borosil Ltd announced the commencement of commercial production from a manufacturing unit set up by its wholly-owned subsidiary, Stylenest India Limited, in Rajasthan. The unit, designed for vacuum insulated stainless-steel flasks, bottles, and containers, has commissioned two out of three double-wall lines as of June 30, 2026. Commercial production from the third line is anticipated in Q2 FY 2026-27. This expansion is expected to bolster Borosil's production capacity and market presence in the vacuum insulated products segment.

Borosil Ltd has announced the closure of its trading window for all designated persons and their immediate relatives. This closure is in accordance with the company's 'Code of Conduct for Monitoring and Prevention of Insider Trading' and SEBI regulations. The window will be shut from July 01, 2026, until 48 hours after the declaration of the Unaudited Financial Results (Standalone & Consolidated) for the quarter ending June 30, 2026. The specific date for the board meeting to approve these results will be communicated separately.

Borosil Ltd. announced a change in management, effective May 20, 2026. Shreevar Kheruka has been re-designated from Managing Director & Chief Executive Officer to Managing Director. Rituraj Sharma, previously President & Senior Management Personnel, has been appointed as the new Chief Executive Officer. There is no change in the composition of the Board of Directors.

The Board of Directors of Borosil Ltd approved the audited financial results (standalone & consolidated) for the quarter and year ended March 31, 2026. They also approved the re-appointment of M/s. Chaturvedi & Shah LLP as Statutory Auditors for a second term of 5 years, subject to shareholder approval. Additionally, Mr. Bhaunik Shah was appointed as Company Secretary and Compliance Officer. The board also approved seeking shareholder approval for raising funds up to ₹250 crores through various modes and approved modification/amendment to “Borosil Limited – Employee Stock Option Scheme 2020”.

The Board of Directors of Borosil Ltd approved the audited financial results (standalone & consolidated) for the quarter and year ended March 31, 2026. They also approved the re-appointment of M/s. Chaturvedi & Shah LLP as Statutory Auditors for a second term of 5 years, subject to shareholder approval. Additionally, Mr. Bhaunik Shah was appointed as Company Secretary and Compliance Officer. The board also approved seeking shareholder approval for raising funds up to ₹250 crores through various modes and modification/amendment to “Borosil Limited – Employee Stock Option Scheme 2020”.

Borosil Ltd's Board of Directors approved the audited financial results (standalone & consolidated) for the quarter and year ended March 31, 2026. They also approved the re-appointment of M/s. Chaturvedi & Shah LLP as Statutory Auditors for a second term of 5 years, subject to shareholder approval. Mr. Bhaunik Shah was appointed as Company Secretary and Compliance Officer, effective May 19, 2026. The board also approved seeking shareholder approval to raise funds up to ₹250 crores through various modes and considered amendments to the Employee Stock Option Scheme 2020.