BOROSIL RENEWABLES LIMITED has informed the Exchange regarding Outcome of Board Meeting held on May 10, 2025.
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Borosil Renewables' board approved FY25 audited results (standalone and consolidated) with an unmodified audit opinion. On a standalone basis, the company swung to a profit: FY25 PAT of Rs. 33.5 crore versus a loss of Rs. 16.5 crore in FY24, with revenue rising about 12% to Rs. 1,110 crore. Q4 standalone revenue jumped roughly 44% year-on-year to Rs. 327 crore, with PAT of Rs. 33.1 crore compared to a Rs. 13.4 crore loss a year ago. On a consolidated basis, however, FY25 loss widened to about Rs. 87 crore versus Rs. 50 crore loss in FY24, dragged by troubles at its German step-down subsidiary GMB. The auditor flagged an Emphasis of Matter about the continued suspension of GMB's manufacturing plant and the company's Rs. 324 crore exposure (investments plus loans) in GGG and GMB. The board also approved seeking shareholder permission to raise up to Rs. 500 crore through QIP, FPO, FCCBs or other modes, and re-designated Mr. Ashok Jain as Non-Executive Non-Independent Director from August 1, 2025. A new secretarial auditor, M/s Dhrumil M. Shah & Co. LLP, was also appointed for five years from FY26 subject to shareholder approval.
The standalone turnaround to profit and sharp Q4 revenue growth are positives, but widening consolidated losses and the German subsidiary's suspended operations remain key overhangs. The Rs. 500 crore fund-raising proposal signals possible equity dilution, and investors should watch for updates on GMB's revival and the actual mode of capital raise.