Borana Weaves Limited has informed the Exchange regarding Board meeting held on January 03, 2026.
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Borana Weaves Limited's Board of Directors, at a meeting held on January 3, 2026, approved a strategic investment of Rs. 1 Crore (Rupees One Crore) in Attero Recycling Private Limited through cash. Attero Recycling operates in the e-waste and lithium-ion battery recycling sector. The investment is not a related party transaction, and neither the promoters nor the promoter group have any interest in the target entity. The exact shareholding percentage to be acquired will be determined upon completion of the transaction.
This is a small strategic investment (Rs. 1 Crore) into an adjacent sector (e-waste and battery recycling), diversifying Borana Weaves' business interests. Given the modest size, immediate material impact on the stock or core operations is unlikely, though it signals the company's intent to explore new growth areas.