Borosil Renewables Ltd

Borosil Renewables Ltd has received an adjudication order from the Additional Commissioner of Customs, levying a redemption fine of ₹30,00,000 and a penalty of ₹30,000 (total ₹33.3 Lakhs) for incorrect classification of imported plant and machinery for its new solar glass manufacturing project. The company is contesting the order and plans to file an appeal. While the total financial impact is not considered material, the company is paying under protest. The goods were valued at ₹14.14 Crore.

Borosil Renewables Ltd has announced the closure of its trading window for all designated persons and their immediate relatives. This closure is in accordance with SEBI's Prohibition of Insider Trading Regulations, 2015. The window will be shut from October 01, 2026, until 48 hours after the declaration of the Un-audited Financial Results (Standalone & Consolidated) for the quarter and half-year ending September 30, 2026. The company will separately announce the date of the Board Meeting to consider these financial results.

Borosil Renewables announced an update on its capacity expansion project at Bharuch, Gujarat. The project, originally planned for 600 TPD completion by December 2026, is now expected to be commissioned by March 2027. The scope has expanded, increasing the project cost to ₹1100 crores from ₹950 crores, to be funded internally. This expansion will increase total capacity from 1000 TPD to 1600 TPD, boosting production and sales. The company is also eligible for financial incentives under the Viksit Gujarat Industrial Policy – 2026.

Borosil Renewables Ltd announced that its Executive Chairman, Mr. Pradeep Kumar Kheruka, participated in an interview with CNBC Bajar on September 10, 2026. The interview provided a general update on the company's business operations. A recording of the interview is available on YouTube, and the intimation is posted on the company's website.

Borosil Renewables Ltd has announced the forfeiture of 1,12,578 warrants, originally allotted on February 14, 2025, due to the non-receipt of the balance payment within the stipulated period. The company's Board of Directors approved the cancellation of these warrants, which were to be converted into equity shares. Consequently, the upfront subscription money of ₹149,16,585 paid by the warrant holders has also been forfeited as per the terms of issue. This action leads to a minor adjustment in the utilization plan for the issue proceeds, reducing capital expenditure for solar glass production expansion by ₹4.47 Crores.

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.

Borosil Renewables Ltd has intimated under Regulation 30 that it has shared the Annual Report for FY 2025-26, including the Notice of the 63rd AGM, with shareholders. The AGM is scheduled for August 27, 2026, via Video Conference/Other Audio-Visual Means. Shareholders whose email addresses are not registered will receive a web link to access the report and notice. The report is also available on the company's website and stock exchange websites. The company is facilitating remote e-voting and e-voting during the AGM.

Borosil Renewables Limited has filed its Annual Report for FY 2025-26, including the Notice of its 63rd Annual General Meeting (AGM). The report is available on the company's website and NSDL's e-voting platform. The company highlights its position as India's first and largest solar glass manufacturer, emphasizing dependable supply and assured quality. The report details its business, financial performance, manufacturing capabilities, R&D, strategies, and ESG initiatives. The AGM is scheduled for August 27, 2026, via video conference. The company's market capitalization as of March 31, 2026, was ₹5,285.12 crores.

Borosil Renewables Limited has announced the allotment of 12,52,629 equity shares following the conversion of warrants. These warrants were initially allotted on a preferential basis to non-promoter category investors on February 14, 2025. The conversion involved warrant holders paying the balance 75% of the issue price. This allotment increases the company's paid-up equity share capital to ₹14,18,44,869, comprising 14,18,44,869 equity shares of Re. 1/- each. The newly issued shares will rank pari-passu with existing shares.

Borosil Renewables Ltd has published its Business Responsibility and Sustainability Report (BRSR) for the fiscal year 2025-26. The report details the company's commitment to Environmental, Social, and Governance (ESG) principles, integrating them into its operational ethos and strategic decision-making. Key initiatives include expanding renewable energy capacity with new wind-solar hybrid and wind power projects, increasing renewable electricity share to 29.23%. The company also focuses on environmental stewardship through energy-efficient technologies, water recycling, and developing antimony-free products. Socially, Borosil Renewables prioritizes employee well-being, safety, and development, achieving 17.3 training man-hours per employee and ensuring 100% workforce health assessments. The report outlines the company's dedication to ethical conduct, sustainable practices, and stakeholder value generation.