Borosil Limited has informed the Exchange regarding appointment of Mr Bhaunik Shah as Company Secretary & Compliance Officer of the company transitioning from his interim role with effect from May 19, 2026.
BOROLTD · price
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The Board of Directors approved the appointment of Mr. Bhaunik Shah as Company Secretary and Compliance Officer, transitioning from his interim role effective May 19, 2026. He will continue to be designated as a Key Managerial Personnel and form part of Senior Management. The meeting also approved audited financial results for FY2026 showing standalone revenue of Rs. 1,197.78 crore (up 8.1% YoY), profit before tax of Rs. 101.86 crore, and EPS of Rs. 6.32. Statutory Auditors M/s Chaturvedi & Shah LLP were re-appointed for another 5-year term. The Board also sought shareholder approval to raise funds up to Rs. 250 crores through various modes and approved modifications to the Employee Stock Option Scheme 2020. Q4 performance was impacted by temporary production disruptions at Jaipur due to LPG supply restrictions from the Middle East conflict.
The formalization of the Company Secretary role ensures continuity in compliance functions. Strong FY26 revenue growth of 8.1% YoY and improved profitability are positive signals. The proposed Rs. 250 crore fund raise could dilute shareholder value depending on the mode of issuance chosen.