BOROSIL RENEWABLES LIMITED has informed the Exchange regarding Notice of Extraordinary General Meeting to be held on August 14, 2025

Borosil Renewables has called an Extraordinary General Meeting (EGM) on August 14, 2025 via video conferencing to seek shareholder approval for a preferential allotment of up to 70,93,874 equity shares at Rs. 535 per share to 82 non-promoter investors, raising around Rs. 379.52 crores. The issue price is marginally above the SEBI floor price of Rs. 533.21 (90-day VWAP). Most of the proceeds — Rs. 317.34 crores — will go toward expanding solar glass production capacity at the Bharuch, Gujarat plant, with the project now scaled up from 500 TPD to 600 TPD at a revised total cost of Rs. 950 crores; the remaining Rs. 62.18 crores is for general corporate purposes. Post-issue, promoter holding will dilute from 61.93% to 58.79%, while public shareholding rises from 38.07% to 41.21%. Notable investors include Niveshaay Hedgehogs Fund, Abakkus Diversified Alpha Fund, Nuvama Edge Fund, and Dharmapal Satyapal Limited.