BOROSIL RENEWABLES LIMITED has informed the Exchange regarding Change in Director(s) of the company.
BORORENEW · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Borosil Renewables reported strong FY26 standalone revenue of Rs. 1,53,483 Lakhs (up 38% YoY) with net profit of Rs. 2,074 Lakhs. However, after exceptional items of Rs. 35,978 Lakhs (primarily write-offs of German subsidiaries GMB and Interfloat exposure totaling Rs. 38,349 Lakhs), profit before tax was Rs. 3,093 Lakhs. The Board approved seeking shareholder approval to raise up to Rs. 750 crores via various instruments. Mr. Sunil Roongta was re-appointed as Whole-Time Director & KMP (in addition to CFO role) for a term starting May 2027. Statutory auditors Chaturvedi & Shah LLP were re-appointed for a second 5-year term. The company also approved entering the Rooftop Solar Solutions business. Cash and cash equivalents improved significantly to Rs. 3,118 Lakhs from Rs. 164 Lakhs last year.
The large subsidiary write-offs signal past international expansion challenges, but strong core operations and the new solar division expansion are positive. The Rs. 750 crore fund-raising approval provides flexibility for future growth but may dilute existing shareholders if exercised.