Borosil Limited has informed the Exchange about Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Borosil Limited has informed exchanges that LPG supply from Oil Marketing Companies (OMCs) has been restricted due to a force majeure situation arising from the ongoing conflict in the Middle East. As a result, production at the Borosilicate Glass Furnace for Pressware Products in Jaipur has been temporarily suspended, while the Opal Glass Furnaces at the same location are operating at lower capacities. The company is actively coordinating with OMCs and government authorities to secure LPG supply and is evaluating the financial and operational impact of the disruption. No insurance coverage applies to this loss, and the company has committed to providing further updates as the situation evolves.
This is a negative short-term development for Borosil shareholders as production disruption at key Jaipur facilities may hurt revenues and margins. The severity will depend on how long the LPG supply shortage persists and the company's ability to secure alternative arrangements.