Integrated Filing — IndAS



General information about company
Scrip Code 502219
NSE Symbol BORORENEW
MSEI Symbol NOTLISTED
ISIN INE666D01022
Name of company Borosil Renewables Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Date of board meeting when results were approved 03-Sep-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 29-Aug-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter First quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Single segment
Description of single segment Manufacturer of flat glass
Start date and time of board meeting 03-Sep-2025   11:15:00
End date and time of board meeting 03-Sep-2025   13:50:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 3465770000
Other income 62843000
Total income 3528613000
2 Expenses
(a) Cost of materials consumed 858885000
(b) Purchases of stock-in-trade 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 106054000
(d) Employee benefit expense 363396000
(e) Finance costs 42048000
(f) Depreciation, depletion and amortisation expense 294971000
(f) Other Expenses
1 Power and Fuel 790237000 790237000
2 Other Expenses 717205000 717205000
Total other expenses 1507442000
Total expenses 3172796000
3 Total profit before exceptional items and tax 355817000
4 Exceptional items -2223095000
5 Total profit before tax -1867278000
6 Tax expense
7 Current tax 194460000
8 Deferred tax -25380000
9 Total tax expenses 169080000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0
11 Net Profit Loss for the period from continuing operations -2036358000
12 Profit (loss) from discontinued operations before tax 0
13 Tax expense of discontinued operations 0
14 Net profit (loss) from discontinued operation after tax 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 1490000
16 Total profit (loss) for period -2034868000
17 Other comprehensive income net of taxes 155013000
18 Total Comprehensive Income for the period -1879855000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent -1665682000
Total profit or loss, attributable to non-controlling interests -369186000
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent -1511106000
Total comprehensive income for the period attributable to owners of parent non-controlling interests -368749000
21 Details of equity share capital
Paid-up equity share capital 133051000
Face value of equity share capital 1
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -12.56
Diluted earnings (loss) per share from continuing operations -12.56
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0
Diluted earnings (loss) per share from discontinued operations 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -12.56
Diluted earnings (loss) per share from continuing and discontinued operations -12.56
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) 1tThe above Consolidated results of the Company for the quarter ended 30th June, 2025 have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their respective meetings held on 03rd September, 2025. The Statutory Auditors of the Company have carried out a Limited Review of the above consolidated results. The standalone results for the aforesaid quarter were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 23rd July, 2025, and already submitted to the Stock Exchanges.ttttttt n2tAs approved by the Board of Directors, the Company had on 14th February, 2025, allotted 18,86,793 Equity Shares of face value of Re. 1/- each at an issue price of Rs. 530/- per Equity Share aggregating to Rs. 10,000 Lakhs, to the persons forming part of Promoter/Promoter group and 78,80,436 Warrants to Non-Promoter investors at an issue price of Rs. 530/- per Warrant aggregating to Rs. 41,766.31 Lakhs, on a preferential basis. As per the terms of the issue, the Company received full amount of Rs. 10,000 Lakhs towards the Equity Shares to Promoters and an amount of Rs. 10,441.58 Lakhs, i.e. 25% of the issue price of the Warrants. During the quarter ended 30th June, 2025, the Company has further received Rs. 2,321.02 Lakhs from the warrant holders, upon exercise of right attached to their warrants by paying balance 75% and accordingly, 5,83,905 fully paid-up equity shares of Re. 1/- each have been allotted. Pursuant to above allotment, the paid-up share capital and securities premium increased by Rs. 5.84 Lakhs and Rs. 3,088.86 Lakhs, respectively.ttttttt ntOut of the above proceeds, Rs. 18,500.00 Lakhs have been utilised towards satisfaction of the liability of the Company arising from Standby Letter of Credit (SBLC) extended on behalf of the Company as a security to the lenders of GMB Glasmanufaktur Brandenburg GmbH (‘GMB’), a step-down subsidiary of the Company and the balance amount has been temporarily invested in Mutual Funds, pending utilisation.ttttttt n3tBased on the approval and recommendation of the Board of Directors, the Shareholders of the Company at their meeting held on 14th August, 2025, have approved the issuance of up to 70,28,456 fully paid up equity shares of face value of Re. 1/- each at an issue price of Rs. 535/- per equity share, aggregating to Rs. 37,602.24 Lakhs, to Non-Promoter Group. Necessary approvals of the Stock Exchanges is awaited for proceeding of this issuance.ttttttt n4tDuring the quarter, the Company has done an independent assessment of the current situation of Glasmanufaktur Brandenburg GmbH (‘GMB’), a step-down subsidiary of the Company in Germany and concluded that there is a complete absence of any demand recovery; nor any sign of such recovery in the foreseeable future. Meanwhile GMB required funding to the extent of about Euro 900 thousand every month just to keep going. Based on the above assessment and above funding requirement, the managing Director of GMB filed an application on 4th July, 2025 (“Insolvency Application”) before the jurisdictional insolvency court at Cottbus, Germany (“Insolvency Court”) for the commencement of insolvency resolution process, as required under the applicable provisions of German Insolvency Code (Insolvenzordnung – InsO) (“German Insolvency Code”).ttttttt ntExceptional items in the above results amounting to Rs. 22,230.95 Lakhs represent the impairment of GMB’s assets and recognition of additional liability consequent to insolvency proceedings as detailed above, estimated by the Management and also reviewed by the auditors of GMB.ttttttt n5tAs already informed to the Stock Exchanges vide our letters dated 18th July, 2025 and 23rd July, 2025, due to the ongoing insolvency resolution process of GMB managed by its administrator appointed by the Court, there was some delay in preparation of financial results for the quarter ended 30th June 2025 by GMB, and accordingly, the consolidated financial results of the Company for the said quarter could not be approved and submitted earlier along with the standalone financial results.ttttttt n6tThe figures for the corresponding previous periods/year have been rearranged/regrouped, wherever necessary, to make them comparable. The figures for the quarter ended 31st March,2025 represent the balancing figures between the audited figures of the full financial year and the unaudited published figures of nine months ended 31st December, 2024.ttttttt n7tThe Group is engaged only in the business of manufacturing of Flat Glass which is a single segment in terms of Indian Accounting Standard ’Operating Segments (Ind AS-108)'.ttttttt n8tRevenue from Operations consists of:-ttttttt ntttttttt nttParticularstttQuarter EndedtttYear Ended nttttt30.06.2025t31.03.2025t30.06.2024t31.03.2025 ntt(a)tWithin Indiatt 29,763.59 t 30,937.83 t 22,088.07 t 1,02,282.17 ntt(b)tOutside Indiatt 4,894.11 t 6,416.00 t 15,033.28 t 45,650.72 nttttTotalt 34,657.70 t 37,353.83 t 37,121.35 t 1,47,932.89 n



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2025
Date of end of reporting period 30-Jun-2025
Whether accounts are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Re-measurement gains/(losses) on defined benefit plans 2646000 2646000
Total Amount of items that will not be reclassified to profit and loss 2646000
2 Income tax relating to items that will not be reclassified to profit or loss 214000
3 Amount of items that will be reclassified to profit and loss
1 Foreign currency Translation Reserve 152581000 152581000
Total Amount of items that will be reclassified to profit and loss 152581000
4 Income tax relating to items that will be reclassified to profit or loss 0
5 Total Other comprehensive income 155013000