BOROSIL RENEWABLES LIMITED has informed the Exchange about change in Management - Re-appointment of Mr Sunil Roongta as Whole Time Director
BORORENEW · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Borosil Renewables' Board meeting on May 12, 2026 approved re-appointment of Mr. Sunil Roongta as Whole-Time Director & KMP for a period from May 27, 2027 to July 22, 2029, subject to shareholder approval. Roongta will continue as CFO alongside this role. The company also received shareholder approval to raise funds up to Rs. 750 crores via various instruments including FPO, ADR/GDR, FCCB, and QIP. The Board also approved starting a new division for Rooftop Solar Solutions. Full-year standalone revenue grew 38% to Rs. 15,348 Lakhs, though PBT was impacted by Rs. 3,259 crore write-offs related to failed German subsidiaries (GMB and Geosphere) which filed for insolvency. Excluding exceptional items, basic EPS was Rs. 21.56 vs Rs. 2.56 prior year.
Re-appointment of a dual CFO-Whole Time Director provides continuity in financial leadership. The substantial fund-raising authorization suggests expansion plans, while rooftop solar entry signals diversification. The large write-off from German subsidiary failures is behind the company but weighs on reported profits.