Borosil Limited has informed the Exchange regarding Change in Auditors of the company.
BOROLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Borosil Limited's Board approved Q4/FY2026 audited results with standalone revenue of Rs. 1,197.78 crore and net profit of Rs. 755.84 lakh, though Q4 was impacted due to a force majeure event restricting LPG supply at its Jaipur glass furnaces amid Middle East conflict. The headline claim of 'Change in Auditors' is inaccurate — the company actually reappointed existing auditors M/s. Chaturvedi & Shah LLP for a second consecutive 5-year term (up to 2031), subject to shareholder approval. Mr. Bhaunik Shah was formally appointed as Company Secretary & Compliance Officer (permanent from May 19, 2026), having served in an interim capacity since December 2025. The Board also sought shareholder approval to raise funds up to Rs. 250 crore via various instruments including QIP, ADR/GDR, FCCB, or debt, and approved modifications to the Employee Stock Option Scheme 2020.
The reappointment of the auditor and formalisation of the Company Secretary role are routine governance actions with no adverse implications. The Rs. 250 crore fundraising authorisation signals potential dilution risk. Q4 performance weakness due to force majeure supply constraints warrants monitoring, though full-year results show resilient growth.