BOROSIL RENEWABLES LIMITED has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 23, 2025. Further, the company has informed the Exchange regarding voting results.
BORORENEW · price
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Awaiting price reaction for this filing.
Borosil Renewables held its 62nd AGM on September 23, 2025 via video conferencing, where all 7 resolutions were passed with the requisite majority. Voting turnout was about 66.14%, with roughly 8.81 crore shares polled out of 13.32 crore outstanding shares; promoters (holding ~8.24 crore shares) voted 100% in favour on every resolution. Ordinary business items — adoption of FY25 audited standalone and consolidated financials (99.81% in favour), re-appointment of Mr. Ashok Jain as a director (99.80%), ratification of cost auditors' remuneration (99.98%), and appointment of Dhrumil M. Shah & Co. LLP as secretarial auditor for 5 years (99.9976%) — saw near-unanimous support. Special resolutions to approve remuneration of Ashok Jain as Non-Executive Director (94.91%) and P.K. Kheruka as Executive Chairman for 2 years (94.36%) passed comfortably, though with the highest dissent of about 5–6% from public institutional holders. A special resolution authorising the company to raise funds through issue of securities also passed with 99.68% support.
This is a routine procedural disclosure with no negative surprise — all resolutions cleared, including a fresh shareholder authorisation to raise capital via securities, giving the company flexibility to fund growth or capex without needing another EGM. Modest institutional dissent on the two director remuneration items is normal and unlikely to move the stock.