BOROSIL RENEWABLES LIMITED has informed the Exchange regarding Disclosure under Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.
BORORENEW · price
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Mr. Shreevar Kheruka, Promoter and Vice Chairman of Borosil Renewables, has disclosed the purchase of 52,577 equity shares of the company through a market transaction on the NSE on March 30-31, 2026. The total value of the purchase was approximately Rs. 2.00 crore. Post this acquisition, his shareholding in the company increased from 19,51,747 shares (1.39%) to 20,04,324 shares (1.43%). The disclosure was filed under Regulation 7(2) of SEBI's Insider Trading Regulations, as required for continual disclosures by promoters.
This is a promoter buying shares from the open market, which is generally viewed positively by retail investors as it signals promoter confidence in the company's future. However, the increase in stake is marginal (just 0.04%), so the impact on the stock price is likely limited.