Borosil Scientific Limited has informed the Exchange regarding Change in Director(s) of the company.
BOROSCI · price
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Borosil Scientific Limited held its Board meeting on May 20, 2026, approving audited financial results for Q4 and FY26. Standalone revenue from operations grew to Rs. 42,753 lakhs (up 9% from Rs. 39,249 lakhs), with profit after tax at Rs. 3,972 lakhs versus Rs. 3,502 lakhs in FY25. Key leadership changes include the re-appointment of Mr. Vinayak Patankar as Whole-time Director & CEO for 3 years effective December 2, 2026, and resignation of Mr. Sanjay Gupta as Company Secretary effective May 20, 2026 (citing pursuit of alternate career opportunity). Mr. Ramavtar Sharma has been appointed as the new Company Secretary from May 21, 2026. The Board also sought shareholder approval to raise funds up to Rs. 250 crores through various modes including QIP and FCCBs.
The KMP transition is smooth with immediate replacement, unlikely to impact stock negatively. Strong financial performance with 13% increase in PAT demonstrates operational strength. Fund raising authorization indicates potential future capital deployment or expansion plans.