| 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 | 01-04-2026 |
| Date of end of financial year | 31-03-2027 |
| Date of board meeting when results were approved | 16-07-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 10-07-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | First quarter |
| Nature of report standalone or consolidated | Standalone |
| 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 | 16-07-2026 14:15:00 |
| End date and time of board meeting | 16-07-2026 15:30:00 |
| 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 |
| Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? | Yes |
| No. of times funds raised during the quarter | 2 |
| Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? | No |
| There is no default by the Company during the quarter and hence its not applicable. | |
| 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 | 01-04-2026 | 01-04-2026 |
| B | Date of end of reporting period | 30-06-2026 | 30-06-2026 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| 1 | Income | ||
| Revenue from operations | 40,569.07 | 40,569.07 | |
| Other income | 1,398.89 | 1,398.89 | |
| Total income | 41,967.96 | 41,967.96 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 9,106.83 | 9,106.83 |
| (b) | Purchases of stock-in-trade | 184.01 | 184.01 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | (913.15) | (913.15) |
| (d) | Employee benefit expense | 2,497.98 | 2,497.98 |
| (e) | Finance costs | 232.42 | 232.42 |
| (f) | Depreciation, depletion and amortisation expense | 2,132.89 | 2,132.89 |
| (f) | Other Expenses | ||
| 1 | Power and Fuel | 10,213.18 | 10,213.18 |
| 2 | Other Expenses | 6,679.07 | 6,679.07 |
| Total other expenses | 16,892.25 | 16,892.25 | |
| Total expenses | 30,133.23 | 30,133.23 | |
| 3 | Total profit before exceptional items and tax | 11,834.73 | 11,834.73 |
| 4 | Exceptional items | 0.00 | 0.00 |
| 5 | Total profit before tax | 11,834.73 | 11,834.73 |
| 6 | Tax expense | ||
| 7 | Current tax | 3,041.68 | 3,041.68 |
| 8 | Deferred tax | 22.50 | 22.50 |
| 9 | Total tax expenses | 3,064.18 | 3,064.18 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | 8,770.55 | 8,770.55 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0.00 | 0.00 |
| 16 | Total profit (loss) for period | 8,770.55 | 8,770.55 |
| 17 | Other comprehensive income net of taxes | (19.29) | (19.29) |
| 18 | Total Comprehensive Income for the period | 8,751.26 | 8,751.26 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | |||
| Total profit or loss, attributable to non-controlling interests | |||
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | |||
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | |||
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 1,402.83 | 1,402.83 | |
| Face value of equity share capital | 1 | 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 | 6.25 | 6.25 | |
| Diluted earnings (loss) per share from continuing operations | 6.25 | 6.25 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | 6.25 | 6.25 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 6.25 | 6.25 | |
| 24 | Debt equity ratio | ||
| 25 | Debt service coverage ratio | ||
| 26 | Interest service coverage ratio | ||
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | 1 The above results of the Company for the quarter ended 30th June, 2026 have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their respective meetings held on 16th July, 2026. The Statutory Auditors of the Company have carried out a Limited Review of the above results. 2 In Earlier years, Company had allotted 18,86,793 Equity Shares to Promoter / Members of Promoter group and 78,80,436 Warrants to Non-Promoter Investors, at an issue price of Rs. 530/- per Equity Share / Warrant, on a preferential basis with aggregate issue size of Rs. 51,766.31 Lakhs. As per the terms of the issue, at the time of allotment, the Company had received full consideration towards equity shares and 25% of the amount toward warrants. During the quarter ended 30th June, 2026, the Company has received Rs. 374.99 Lakhs from the warrant holders, upon exercise of right attached to their warrants by paying balance 75% and accordingly 94,338 fully paid-up equity shares, of Re. 1/- each have been allotted. Pursuant to above allotment, the paid-up Equity Share Capital has increased by Rs. 0.94 Lakhs and Securities Premium by Rs. 499.05 Lakhs. The Company has overall raised the funds of Rs. 23,889.22 Lakhs under the aforesaid Preferential Issue and remaining amount would be received as and when the conversion option is exercised by the warrant holders to convert their warrants into Equity Shares during the remaining tenure of the warrants i.e. until 13th August, 2026. Out of the above proceeds, Rs. 18,500.00 Lakhs 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 Rs. 5,014.23 Lakhs utilised towards capital expenditure for expansion of the Company’s production capacity, as on 30th June, 2026 and the remaining amount has been temporarily invested in mutual fund, pending utilisation. 3 In Earlier year, Company had allotted 69,43,691 equity shares at issue price of Rs. 535/- each to Non-Promoter Investors, under Preferential Issue, and raised funds of Rs. 37,148.75 Lakhs. Out of the above, Rs. 8,552.17 Lakhs utilised towards capital expenditure for expansion of the Company’s production capacity and General Corporate Purpose, as on 30th June, 2026 and the remaining amount has been temporarily invested in mutual funds, pending utilisation. 4 Exceptional items for the quarter ended 30th June, 2025 and year ended 31st March, 2026 represents, provision for impairment/amount written off in respect of exposure towards the German subsidiaries viz. Geosphere Glassworks GmbH and GMB Glasmanufaktur Brandenburg GmbH, pursuant to the insolvency proceedings of these entities, which are yet to be concluded and impairment of Rs. 3,387.04 Lakhs towards its exposure in Laxman AG, a wholly owned subsidiary 5 The 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, 2026 represent the balancing figures between the audited figures of the full financial year and the unaudited published figures of nine months ended 31st December, 2025. 6 The Company is engaged mainly in the business of manufacturing of Flat Glass which is a single segment in terms of Indian Accounting Standard ’Operating Segments (Ind AS-108)'. 7 Revenue from Operations consists of:- Rs. In Lakhs Particulars Quarter Ended Year Ended 30.06.2026 31.03.2026 30.06.2025 31.03.2026 (a) Within India 39,140.34 42,529.89 29,763.59 1,42,153.55 (b) Outside India 1,428.73 1,231.80 3,462.45 11,328.95 Total 40,569.07 43,761.69 33,226.04 1,53,482.50 |
|---|
| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| 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 | 01-04-2026 | 01-04-2026 | |||||
| Date of end of reporting period | 30-06-2026 | 30-06-2026 | |||||
| Whether results are audited or unaudited | Unaudited | Unaudited | |||||
| Nature of report standalone or consolidated | Standalone | Standalone | |||||
| 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 | |||||||
| 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 | 01-04-2026 | 01-04-2026 |
| B | Date of end of reporting period | 30-06-2026 | 30-06-2026 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| 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 | (25.78) | (25.78) |
| Total Amount of items that will not be reclassified to profit and loss | (25.78) | ||
| 2 | Income tax relating to items that will not be reclassified to profit or loss | (6.49) | (6.49) |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| Total Amount of items that will be reclassified to profit and loss | |||
| 4 | Income tax relating to items that will be reclassified to profit or loss | 0.00 | 0.00 |
| 5 | Total Other comprehensive income | (19.29) | (19.29) |
| Mode of Fund Raising | Preferential Issues |
|---|---|
| Description of mode of fund raising (Applicable in case of others is selected) | |
| Date of Raising Funds | 14-02-2025 |
| Amount Raised | 51,766.31 |
| Report filed for Quarter ended | 30-06-2026 |
| Monitoring Agency | Applicable |
| Monitoring Agency Name, if applicable | ICRA Limited |
| Is there a Deviation / Variation in use of funds raised | No |
| If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders | |
| If Yes, Date of shareholder Approval | |
| Explanation for the Deviation / Variation | Not Applicable |
| Comments of the Audit Committee after review | No Comments |
| Comments of the auditors, if any | No Comments |
| Sr. | Original Object | Modified Object, if any | Original Allocation | Modified allocation, if any | Funds Utilised | Amount of Deviation/Variation for the quarter according to applicable object | Remarks if any |
| 1 | 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 | Not Applicable | 18,500.00 | 0.00 | 18,500.00 | 0.00 | Rs. 51,766.31 lakhs is the total issue size. The Company had on February 14, 2025 allotted equity shares to promoter / members of promoter group, and warrants to non-promoter category investors, under the Preferential Issue (Issue). Due to non-participation / ineligibility of some proposed allottees of warrants, the original Issue size of Rs. 70,000 lakhs got reduced to Rs. 51,766.31 lakhs. As on June 30, 2026, the Company has received Rs. 23,889.23 lakhs (which includes full subscription amount towards equity shares, 25 % of the initial subscription amount toward warrants and 75% of the balance subscription amount paid by 19 warrant holders towards conversion of 8,67,332 warrants into equity shares). The remaining Rs. 27,877.09 lakhs would be received as and when the conversion option is exercised by the warrant holders to convert their warrants into equity shares during the remaining tenure of the warrants. |
| 2 | Capital Expenditure for expansion of the Company’s existing production capacity for manufacturing of solar glass at its facility situated in Bharuch, Gujarat | Not Applicable | 33,266.31 | 0.00 | 5,014.23 | 0.00 | Pending actual utilisation of available funds towards the objects, the un-utilised funds of Rs. 375 lakhs have been temporarily invested in mutual funds. |
| Mode of Fund Raising | Preferential Issues |
|---|---|
| Description of mode of fund raising (Applicable in case of others is selected) | |
| Date of Raising Funds | 17-10-2025 |
| Amount Raised | 37,148.75 |
| Report filed for Quarter ended | 30-06-2026 |
| Monitoring Agency | Applicable |
| Monitoring Agency Name, if applicable | CARE Ratings Limited |
| Is there a Deviation / Variation in use of funds raised | No |
| If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders | |
| If Yes, Date of shareholder Approval | |
| Explanation for the Deviation / Variation | Not Applicable |
| Comments of the Audit Committee after review | No Comments |
| Comments of the auditors, if any | No Comments |
| Sr. | Original Object | Modified Object, if any | Original Allocation | Modified allocation, if any | Funds Utilised | Amount of Deviation/Variation for the quarter according to applicable object | Remarks if any |
| 1 | Capital Expenditure for expansion of the Company’s existing production capacity for manufacturing of solar glass at its facility situated in Bharuch, Gujarat | Not applicable | 31,734.00 | 0.00 | 7,552.17 | 0.00 | The Company had on October 17, 2025, raised funds of Rs.37,148.75 lakhs by way of allotment of equity shares to non-promoter category investors, under the Preferential Issue (Issue). Due to undersubscription by two investors, the original Issue size of Rs. 37,602.24 lakhs got reduced to Rs. 37,148.75 lakhs. |
| 2 | General Corporate Purposes | Not applicable | 5,414.75 | 0.00 | 1,000.00 | 0.00 | Pending actual utilisation of funds towards the objects, the un-utilised funds of Rs. 28,596.58 lakhs have been temporarily invested in mutual funds. |
| Name of signatory | Kishor Talreja |
| Designation of person | Company Secretary and Compliance Officer |
| Place | Mumbai |
| Date | 16-07-2026 |