BOROSIL RENEWABLES LIMITED has informed the Exchange regarding Notice of Annual General Meeting to be held on September 23, 2025
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Borosil Renewables submitted its Annual Report for FY 2024-25 along with the Notice of its 62nd Annual General Meeting scheduled for September 23, 2025, to be held via video conference. On a consolidated basis, revenue grew 7.7% year-on-year to ₹1,479.33 crores and EBITDA improved 24% to ₹92.84 crores, but the company posted a net loss of ₹86.97 crores (worsened from ₹50.27 crores loss in FY24), with EPS at negative ₹5.32. Indian operations crossed ₹1,000 crores in revenue for the first time, benefiting from a record 24 GW of solar installations in India during FY25 and the imposition of five-year anti-dumping duties on solar glass imports from China and Vietnam. The German subsidiary GMB filed for insolvency on July 4, 2025 due to weak European demand, while the company is undertaking a ₹950 crore capacity expansion at Bharuch to scale up to 1,600 TPD by December 2026. A ₹517.66 crore preferential issue was completed in February 2025, with another ₹376 crore raise planned to fund growth.
The deepening net loss and German subsidiary insolvency remain near-term concerns, but strong India growth, anti-dumping duty protection, and the large capacity expansion signal a recovery path. Shareholders should attend the September 23 AGM to review detailed financials, the German exit strategy, and the expansion roadmap before deciding on their holdings.