Resignation of Company Secretary & Compliance Officer.
BOROSCI · price
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Borosil Scientific's Board meeting on May 20, 2026 approved FY2026 audited results showing standalone revenue of Rs. 4,275 crore and consolidated revenue of Rs. 4,673 crore. Consolidated net profit stood at Rs. 345.81 lakh. Key leadership change: Mr. Sanjay Gupta resigned as Company Secretary & Compliance Officer (KMP) effective May 20, 2026, citing pursuit of an alternate career opportunity. Mr. Ramavtar Sharma, a qualified Company Secretary with over 5 years' experience including at Borosil Renewables Limited, has been appointed to replace him effective May 21, 2026. The Board also re-appointed Mr. Vinayak Patankar as Whole-time Director & CEO for 3 years from December 2, 2026. Statutory auditors Chaturvedi & Shah LLP issued an unmodified opinion on the financial results. The company also got approval to raise funds up to Rs. 250 crore through various instruments.
The resignation of the Company Secretary (a KMP) for personal career reasons is routine but warrants monitoring for smooth transition. Strong financial results and clean audit opinion provide stability. The company's glassware segment continues to report losses (Rs. 115.66 crore standalone), though the scientific instruments segment performed well.