BOROSIL RENEWABLES LIMITED has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on August 14, 2025. Further, the company has informed the Exchange regarding voting results.
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Borosil Renewables held an Extraordinary General Meeting on August 14, 2025, where shareholders voted on a special resolution to issue equity shares on a preferential basis to non-promoter category persons. The resolution was approved with overwhelming support: 99.81% of votes cast (8.80 crore shares) were in favour, while only 0.19% (1.64 lakh shares) were against. Promoters holding 8.24 crore shares voted 100% in favour. Among public institutions, 72.2% of their 80.4 lakh shares participated in voting, with 97.23% backing the resolution. Public non-institutions had very low participation (0.34% of 4.27 crore shares) but 97.94% voted in favour. The scrutinizer (Dhrumil M. Shah & Co. LLP) confirmed the resolution passed with the requisite majority.
Shareholders have cleared the way for the company to issue fresh equity shares to non-promoter investors, which will dilute existing holdings but bring in new capital. With near-unanimous approval, execution risk is minimal and the company can now proceed with the preferential allotment.