| 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 | 30-10-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 23-10-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Second 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 | Unaudited |
| Segment Reporting | Single segment |
| Description of single segment | Manufacturer of flat glass |
| Start date and time of board meeting | 30-10-2026 13:30:00 |
| End date and time of board meeting | 30-10-2026 15:25:00 |
| Whether cash flow statement is applicable on company | Yes |
| Type of cash flow statement | Cash Flow Indirect |
| Declaration of unmodified opinion or statement on impact of audit qualification | Not applicable |
| Whether the company has any related party? | Yes |
| Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? | Yes |
| (I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public | NA |
| (II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. | NA |
| Whether the company is a high value debt listed entity according to regulation 15 (1A)? | No |
| (a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication? | |
| (b) If answer to above question is No, please explain the reason for not complying. | |
| Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? | Yes |
| Latest Date on which RPT policy is updated | 14-02-2025 |
| Indicate Company website link for updated RPT policy of the Company | https://borosilrenewables.com/investor/policies |
| 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 | 01-07-2026 | 01-04-2026 |
| B | Date of end of reporting period | 30-09-2026 | 30-09-2026 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| 1 | Income | ||
| Revenue from operations | 39,615.88 | 80,184.95 | |
| Other income | 1,088.33 | 2,487.22 | |
| Total income | 40,704.21 | 82,672.17 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 8,974.29 | 18,081.12 |
| (b) | Purchases of stock-in-trade | 1,382.96 | 1,566.97 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | (683.95) | (1,597.10) |
| (d) | Employee benefit expense | 2,658.82 | 5,156.80 |
| (e) | Finance costs | 262.22 | 494.64 |
| (f) | Depreciation, depletion and amortisation expense | 2,164.20 | 4,297.09 |
| (f) | Other Expenses | ||
| 1 | Power and Fuel | 9,656.97 | 19,870.15 |
| 2 | Other Expenses | 7,081.32 | 13,760.39 |
| Total other expenses | 16,738.29 | 33,630.54 | |
| Total expenses | 31,496.83 | 61,630.06 | |
| 3 | Total profit before exceptional items and tax | 9,207.38 | 21,042.11 |
| 4 | Exceptional items | 0.00 | 0.00 |
| 5 | Total profit before tax | 9,207.38 | 21,042.11 |
| 6 | Tax expense | ||
| 7 | Current tax | 2,326.66 | 5,368.34 |
| 8 | Deferred tax | (132.09) | (109.59) |
| 9 | Total tax expenses | 2,194.57 | 5,258.75 |
| 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 | 7,012.81 | 15,783.36 |
| 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 | 7,012.81 | 15,783.36 |
| 17 | Other comprehensive income net of taxes | (19.29) | (38.58) |
| 18 | Total Comprehensive Income for the period | 6,993.52 | 15,744.78 |
| 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 | 1,471.84 | 1,471.84 | |
| 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 | 4.86 | 11.1 | |
| Diluted earnings (loss) per share from continuing operations | 4.85 | 11.08 | |
| 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 | 4.86 | 11.1 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 4.85 | 11.08 | |
| 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 and half year ended 30th September, 2026 have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their respective meetings held on 30th October, 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 September, 2026, the Company has received Rs. 27,429.59 Lakhs from the warrant holders, upon exercise of right attached to their warrants by paying balance 75% and accordingly 69,00,526 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. 69.01 Lakhs and Securities Premium by Rs. 36,503.78 Lakhs. The Company has overall received the funds of Rs. 51,318.82 Lakhs under the aforesaid Preferential Issue on account of allotment of 18,86,793 Equity Shares to Promoter / Members of Promoter group and 77,67,858 Equity Shares pursuant to conversion of Warrants to Non-Promoter Investors. The Board of Directors of the Company have approved through resolution passed by circulation, the forfeiture of balance 1,12,578 warrants along with upfront warrant subscription money of Rs. 149.17 Lakhs, due to nonpayment of the balance amount payable towards conversion of the said warrants within the stipulated period. Consequent to the aforesaid forfeiture, the said warrants stand cancelled and will not be eligible for conversion into equity shares of the Company. 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.13,440.07 Lakhs utilised towards capital expenditure for expansion of the Company's production capacity, as on 30th September, 2026 and the remaining amount has been temporarily invested in mutual fund, Fixed Deposit and lying with a Bank, 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. 12,357.40 Lakhs utilised towards capital expenditure for expansion of the Company's production capacity and General Corporate Purpose, as on 30th September, 2026 and the remaining amount has been temporarily invested in mutual funds, pending utilisation. 4 During the quarter ended 30th September, 2026, the Board has approved revised timeline for commissioning of SG4 & SG5 furnaces of 300 TPD each at Bharuch, Gujarat by end of March 2027, due to certain reasons, with an additional cost outlay of Rs. 15,000.00 Lakhs and total estimated investment would be approx.. Rs. 1,10,000.00 Lakhs for 600 TPD. 5 Exceptional items for the quarter and half year ended 30th September, 2025 and for the 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 towards its exposure in Laxman AG, a wholly owned subsidiary. 6 The figures for the corresponding previous periods/year have been rearranged/regrouped, wherever necessary, to make them comparable. 7 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)'. 8 Revenue from Operations consists of:- Rs. In Lakhs Particulars Quarter Ended Half Year Ended Year Ended 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 (a) Within India 38,470.93 39,140.34 33,283.70 77,611.27 63,047.29 1,42,153.55 (b) Outside India 1,144.95 1,428.73 4,560.59 2,573.68 8,023.04 11,328.95 Total 39,615.88 40,569.07 37,844.29 80,184.95 71,070.33 1,53,482.50 |
|---|
| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| Particulars | Year ended (dd-mm-yyyy) | |
|---|---|---|
| Date of start of reporting period | 01-04-2026 | |
| Date of end of reporting period | 30-09-2026 | |
| Whether results are audited or unaudited | Unaudited | |
| Nature of report standalone or consolidated | Standalone | |
| Assets | ||
| 1 | Non-current assets | |
| Property, plant and equipment | 58,444.14 | |
| Capital work-in-progress | 34,849.51 | |
| Investment property | 0.00 | |
| Goodwill | 0.00 | |
| Other intangible assets | 149.99 | |
| Intangible assets under development | 24.76 | |
| Biological assets other than bearer plants | 0.00 | |
| Investments accounted for using equity method | 0.00 | |
| Non-current financial assets | ||
| Non-current investments | 5,253.91 | |
| Trade receivables, non-current | 0.00 | |
| Loans, non-current | 39.21 | |
| Other non-current financial assets | ||
| 1 | Others | 1,112.18 |
| Total of other non-current financial assets | 1,112.18 | |
| Total non-current financial assets | 6,405.30 | |
| Deferred tax assets (net) | 0.00 | |
| Other non-current assets | ||
| 1 | Non-Current Tax Assets (net) | 5,405.07 |
| 2 | Other Non-current Assets | 13,056.25 |
| Total of other non-current assets | 18,461.32 | |
| Total non-current assets | 1,18,335.02 | |
| 2 | Current assets | |
| Inventories | 14,134.33 | |
| Current financial asset | ||
| Current investments | 48,833.29 | |
| Trade receivables, current | 16,518.04 | |
| Cash and cash equivalents | 15,881.79 | |
| Bank balance other than cash and cash equivalents | 8,616.59 | |
| Loans, current | 105.01 | |
| Other current financial assets | ||
| Total of other current financial assets | 626.64 | |
| Total current financial assets | 90,581.36 | |
| Current tax assets (net) | 0.00 | |
| Other current assets | ||
| 1 | Other Current Assets | 2,471.90 |
| Total of other current assets | 2,471.90 | |
| Total current assets | 1,07,187.59 | |
| 3 | Non-current assets classified as held for sale | 0.00 |
| 4 | Regulatory deferral account debit balances and related deferred tax Assets | 0.00 |
| Total assets | 2,25,522.61 | |
| Equity and liabilities | ||
| 1 | Equity | |
| Equity attributable to owners of parent | ||
| Equity share capital | 1,471.84 | |
| Other equity | 1,92,885.11 | |
| Total equity attributable to owners of parent | 1,94,356.95 | |
| Non controlling interest | ||
| Total equity | 1,94,356.95 | |
| 2 | Liabilities | |
| Non-current liabilities | ||
| Non-current financial liabilities | ||
| Borrowings, non-current | 5,905.74 | |
| Trade payables, non-current | ||
| (A) Total outstanding dues of micro enterprises and small enterprises | 0.00 | |
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 0.00 | |
| Total Trade payable | 0.00 | |
| Other non-current financial liabilities | ||
| Total of other non-current financial liabilities | ||
| Total non-current financial liabilities | 5,905.74 | |
| Provisions, non-current | 0.00 | |
| Deferred tax liabilities (net) | 2,332.55 | |
| Deferred government grants, Non-current | 0.00 | |
| Other non-current liabilities | ||
| Total of other non-current liabilities | ||
| Total non-current liabilities | 8,238.29 | |
| Current liabilities | ||
| Current financial liabilities | ||
| Borrowings, current | 6,898.98 | |
| Trade payables, current | ||
| (A) Total outstanding dues of micro enterprises and small enterprises | 1,756.71 | |
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 4,561.35 | |
| Total Trade payable | 6,318.06 | |
| Other current financial liabilities | ||
| 1 | Other Financial Liabilities | 5,686.57 |
| Total of other current financial liabilities | 5,686.57 | |
| Total current financial liabilities | 18,903.61 | |
| Other current liabilities | 1,655.30 | |
| 1 | Other Current Liabilities | 1,655.30 |
| Total of other current liabilities | 1,655.30 | |
| Provisions, current | 841.51 | |
| Current tax liabilities (Net) | 1,526.95 | |
| Deferred government grants, Current | 0.00 | |
| Total current liabilities | 22,927.37 | |
| 3 | Liabilities directly associated with assets in disposal group classified as held for sale | 0.00 |
| 4 | Regulatory deferral account credit balances and related deferred tax liability | 0.00 |
| Total liabilities | 31,165.66 | |
| Total equity and liabilites | 2,25,522.61 | |
| Disclosure of notes on assets and liabilities | ||
| 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 | 01-07-2026 | 01-04-2026 | |||||
| Date of end of reporting period | 30-09-2026 | 30-09-2026 | |||||
| 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 | 01-07-2026 | 01-04-2026 |
| B | Date of end of reporting period | 30-09-2026 | 30-09-2026 |
| 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 | (25.77) | (51.55) |
| Total Amount of items that will not be reclassified to profit and loss | (25.77) | (51.55) | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | (6.48) | (12.97) |
| 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) | (38.58) |
| Particulars | Year ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|
| A | Date of start of reporting period | 01-04-2026 | ||||
| B | Date of end of reporting period | 30-09-2026 | ||||
| C | Whether results are audited or unaudited | Unaudited | ||||
| D | Nature of report standalone or consolidated | Standalone | ||||
| Statement of cash flows | ||||||
| Cash flows from used in operating activities | ||||||
| Profit before tax | 21,042.11 | |||||
| Adjustments for reconcile profit (loss) | ||||||
| Adjustments for finance costs | 494.64 | |||||
| Adjustments for decrease (increase) in inventories | (2,127.72) | |||||
| Adjustments for decrease (increase) in trade receivables, current | (5,238.61) | |||||
| Adjustments for decrease (increase) in trade receivables, non-current | 0.00 | |||||
| Adjustments for decrease (increase) in other current assets | 0.00 | |||||
| Adjustments for decrease (increase) in other non-current assets | 0.00 | |||||
| Adjustments for other financial assets, non-current | 0.00 | |||||
| Adjustments for other financial assets, current | 0.00 | |||||
| Adjustments for other bank balances | 0.00 | |||||
| Adjustments for increase (decrease) in trade payables, current | 1,058.93 | |||||
| Adjustments for increase (decrease) in trade payables, non-current | 0.00 | |||||
| Adjustments for increase (decrease) in other current liabilities | 0.00 | |||||
| Adjustments for increase (decrease) in other non-current liabilities | 0.00 | |||||
| Adjustments for depreciation and amortisation expense | 4,297.09 | |||||
| Adjustments for impairment loss reversal of impairment loss recognised in profit or loss | 0.00 | |||||
| Adjustments for provisions, current | 0.00 | |||||
| Adjustments for provisions, non-current | 0.00 | |||||
| Adjustments for other financial liabilities, current | 0.00 | |||||
| Adjustments for other financial liabilities, non-current | 0.00 | |||||
| Adjustments for unrealised foreign exchange losses gains | (6.19) | |||||
| Adjustments for dividend income | 0.00 | |||||
| Adjustments for interest income | 0.00 | |||||
| Adjustments for share-based payments | 272.71 | |||||
| Adjustments for fair value losses (gains) | (1,214.79) | |||||
| Adjustments for undistributed profits of associates | 0.00 | |||||
| Other adjustments for which cash effects are investing or financing cash flow | (819.12) | |||||
| Other adjustments to reconcile profit (loss) | 0.00 | |||||
| Other adjustments for non-cash items | (251.31) | |||||
| Share of profit and loss from partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Total adjustments for reconcile profit (loss) | (3,534.37) | |||||
| Net cash flows from (used in) operations | 17,507.74 | |||||
| Dividends received | 0.00 | |||||
| Interest paid | 0.00 | |||||
| Interest received | (120.27) | |||||
| Income taxes paid (refund) | 3,869.92 | |||||
| Other inflows (outflows) of cash | 0.00 | |||||
| Net cash flows from (used in) operating activities | 13,517.55 | |||||
| Cash flows from used in investing activities | ||||||
| Cash flows from losing control of subsidiaries or other businesses | 0.00 | |||||
| Cash flows used in obtaining control of subsidiaries or other businesses | 0.00 | |||||
| Other cash receipts from sales of equity or debt instruments of other entities | 0.00 | |||||
| Other cash payments to acquire equity or debt instruments of other entities | 0.00 | |||||
| Other cash receipts from sales of interests in joint ventures | 0.00 | |||||
| Other cash payments to acquire interests in joint ventures | 0.00 | |||||
| Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Cash payment for investment in partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Proceeds from sales of property, plant and equipment | 30.92 | |||||
| Purchase of property, plant and equipment | 27,891.93 | |||||
| Proceeds from sales of investment property | 0.00 | |||||
| Purchase of investment property | 0.00 | |||||
| Proceeds from sales of intangible assets | 0.00 | |||||
| Purchase of intangible assets | 0.00 | |||||
| Proceeds from sales of intangible assets under development | 0.00 | |||||
| Purchase of intangible assets under development | 0.00 | |||||
| Proceeds from sales of goodwill | 0.00 | |||||
| Purchase of goodwill | 0.00 | |||||
| Proceeds from biological assets other than bearer plants | 0.00 | |||||
| Purchase of biological assets other than bearer plants | 0.00 | |||||
| Proceeds from government grants | 0.00 | |||||
| Proceeds from sales of other long-term assets | 0.00 | |||||
| Purchase of other long-term assets | 0.00 | |||||
| Cash advances and loans made to other parties | 0.00 | |||||
| Cash receipts from repayment of advances and loans made to other parties | 0.00 | |||||
| Cash payments for future contracts, forward contracts, option contracts and swap contracts | 0.00 | |||||
| Cash receipts from future contracts, forward contracts, option contracts and swap contracts | 0.00 | |||||
| Dividends received | 0.00 | |||||
| Interest received | 62.79 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | 3,003.12 | |||||
| Net cash flows from (used in) investing activities | (24,795.10) | |||||
| Cash flows from used in financing activities | ||||||
| Proceeds from changes in ownership interests in subsidiaries | 0.00 | |||||
| Payments from changes in ownership interests in subsidiaries | 0.00 | |||||
| Proceeds from issuing shares | 27,804.58 | |||||
| Proceeds from issuing other equity instruments | 0.00 | |||||
| Payments to acquire or redeem entity's shares | 0.00 | |||||
| Payments of other equity instruments | 0.00 | |||||
| Proceeds from exercise of stock options | 0.00 | |||||
| Proceeds from issuing debentures notes bonds etc | 0.00 | |||||
| Proceeds from borrowings | 0.00 | |||||
| Repayments of borrowings | 3,465.69 | |||||
| Payments of lease liabilities | 0.00 | |||||
| Dividends paid | 0.00 | |||||
| Interest paid | 619.36 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | 321.54 | |||||
| Net cash flows from (used in) financing activities | 24,041.07 | |||||
| Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes | 12,763.52 | |||||
| Effect of exchange rate changes on cash and cash equivalents | ||||||
| Effect of exchange rate changes on cash and cash equivalents | 0.00 | |||||
| Net increase (decrease) in cash and cash equivalents | 12,763.52 | |||||
| Cash and cash equivalents cash flow statement at beginning of period | 3,118.27 | |||||
| Cash and cash equivalents cash flow statement at end of period | 15,881.79 | |||||
| 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 | 51,318.93 |
| Report filed for Quarter ended | 30-09-2026 |
| 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 | |
| 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 | 32,818.93 | 0.00 | 13,440.07 | 0.00 | 1) 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. Further, On August 14, 2026, the Board of Directors of the Company approved the forfeiture of 1,12,578 warrants in respect of which rights to apply for conversion into Equity shares of the Company on payment of balance 75% of the issue price was not exercised by the warrant holders within the timeline prescribed under the SEBI (ICDR) Regulations, 2018 and restructuring of utilisation of the issue proceeds of said preferential issue and therefore the overall amount raised by the Company is Rs. 51,318.93 lakhs (Instead of Rs. 51,766.31 lakhs as planned). 2) As on September 30, 2026, the Company has overall raised the fund of Rs. 51,318.93 lakhs, pursuant to issue of equity shares and warrants on preferential basis. 3) Pending actual utilisation of available funds towards the objects, the un-utilised funds of Rs.19,378.86 lakhs have been temporarily invested in mutual funds and fixed deposits. |
| 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 | 30-09-2026 |
| 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 | 11,357.40 | 0.00 | 1) 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 | 2) Pending actual utilisation of funds towards the objects, the un-utilised funds of Rs. 24,791.35 lakhs have been temporarily invested in mutual funds. |
| Name of signatory | Kishor Talreja |
| Designation of person | Company Secretary and Compliance Officer |
| Place | Mumbai |
| Date | 19-10-2026 |
Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter) |
| Sr No. | Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken. | ||||||||||||||||||||||||
| Details of the party (listed entity/subsidiary) entering into the transaction | Details of the counterparty | Type of related party transaction | Details of other related party transaction | Value of the related party transaction as approved by the audit committee | Remarks on approval by audit committee | Value of the related party transaction ratified by the audit committee | Date of Audit Committee Meeting where the ratification was approved | Value of transaction during the reporting period | In case monies are due to either party as a result of the transaction | In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments | Details of the loans, inter-corporate deposits, advances or investments | Notes | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Name | PAN | Name | PAN | Relationship of the counterparty with the listed entity or its subsidiary | Opening balance | Closing balance | Nature of indebtedness (loan/ issuance of debt/ any other etc.) | Details of other indebtedness | Cost | Tenure | Nature (loan/ advance/ intercorporate deposit/ investment ) | Interest Rate (%) | Tenure | Secured/ unsecured | Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage) | ||||||||||
| 1 | Borosil Renewables Limited | Borosil Limited | Entities with joint control or significant influence over entity | Purchase of goods or services | 25.00 | NA | 2.13 | 0.00 | 0.00 | ||||||||||||||||
| 2 | Borosil Renewables Limited | Borosil Limited | Entities with joint control or significant influence over entity | Sale of goods or services | 0.00 | NA | 0.00 | 0.00 | 0.00 | ||||||||||||||||
| 3 | Borosil Renewables Limited | Borosil Limited | Entities with joint control or significant influence over entity | Any other transaction | Functional support / shared service transactions | 1,500.00 | Please refer Notes | 652.70 | 0.00 | 0.00 | Textual Information(1) | ||||||||||||||
| 4 | Borosil Renewables Limited | Borosil Limited | Entities with joint control or significant influence over entity | Any other transaction | Royalty Expenses | 797.55 | NA | 797.55 | (445.29) | (500.57) | Textual Information(2) | ||||||||||||||
| 5 | Borosil Renewables Limited | Icon Solar-En Power Technologies Private Limited | Relative of Director having Significant Influence | Sale of goods or services | 10,000.00 | NA | 6,084.93 | 44.59 | 1,237.49 | Textual Information(3) | |||||||||||||||
| 6 | Borosil Renewables Limited | Icon Solar-En Power Technologies Private Limited | Relative of Director having Significant Influence | Purchase of goods or services | 100.00 | NA | 56.38 | 0.00 | 0.00 | Textual Information(4) | |||||||||||||||
| 7 | Borosil Renewables Limited | Laxman AG | Wholly Owned Subsidiary Company | Investment | 0.00 | NA | 0.00 | 2,371.82 | 2,371.82 | ||||||||||||||||
| 8 | Borosil Renewables Limited | Renew Green (GJS Two) Pvt Ltd | Associate Company | Investment | 0.00 | NA | 0.00 | 1,100.00 | 1,100.00 | ||||||||||||||||
| 9 | Borosil Renewables Limited | Renew Green (GJS Two) Pvt Ltd | Associate Company | Any other transaction | Procurement of Power | 1,800.00 | NA | 655.22 | (87.59) | 23.79 | |||||||||||||||
| 10 | Borosil Renewables Limited | Clean Max Prithvi Private Limited | Associate Company | Investment | 1,800.00 | NA | 0.00 | 1,782.09 | 1,782.09 | ||||||||||||||||
| 11 | Borosil Renewables Limited | Clean Max Prithvi Private Limited | Associate Company | Any other transaction | Procurement of Power | 2,800.00 | NA | 1,265.73 | 0.00 | (454.00) | |||||||||||||||
| 12 | Borosil Renewables Limited | Pradeep Kumar Kheruka | Promoter and Executive chairman | Remuneration | 520.00 | NA | 520.00 | 0.00 | 0.00 | Textual Information(5) | |||||||||||||||
| 13 | Borosil Renewables Limited | Shreevar Kheruka | Promoter and Non-executive Director | Any other transaction | Director sitting fees | 4.00 | NA | 4.00 | 0.00 | 0.00 | Textual Information(6) | ||||||||||||||
| 14 | Laxman AG | Interfloat Corporation | Subsidiary Company | Inter-corporate deposit | 0.00 | NA | 0.00 | 372.02 | 326.81 | ||||||||||||||||
| 15 | Laxman AG | Interfloat Corporation | Subsidiary Company | Interest received | 20.24 | NA | 20.24 | 7.55 | 12.16 | ||||||||||||||||
| 16 | Laxman AG | Interfloat Corporation | Subsidiary Company | Investment | 0.00 | NA | 0.00 | 0.00 | 0.00 | ||||||||||||||||
| 17 | Borosil Renewables Limited | Interfloat Corporation | Step-Down Subsidiary Company | Any other transaction | Reimbursement of Expenses | 1,794.00 | NA | 54.30 | 60.78 | 9.26 | Textual Information(7) | ||||||||||||||
| 18 | Borosil Renewables Limited | Interfloat Corporation | Step-Down Subsidiary Company | Any other transaction | Sales commission | 300.00 | NA | 56.07 | 0.00 | 0.00 | |||||||||||||||
| 19 | Borosil Renewables Limited | Solar Ancillary Manufacturers Association | Entity having Common Director | Any other transaction | Membership fees | 7.00 | NA | 7.00 | 0.00 | 0.00 | |||||||||||||||
| Total value of transaction during the reporting period | 10,176.25 | ||||||||||||||||||||||||
| Textual Information(1) | Value of Transaction indicates (a) expenditure of Rs. 9.35 lakhs and Security Deposit of 4.45 Lakhs towards rent in relation to premises taken on leave & license basis and, Rs. 585.26 lakhs towards other functional support expense and Rs. 32.89 Lakhs towards reimbursement of expenditure, and (b) functional support income of Rs.25.20 lakhs. |
| Textual Information(2) | 1) Opening balance mentioned in the field viz. in case monies are due to either party as a result of the transaction, for Sr. No. 4 represents the aggregate opening balance for transactions of Sr. No. 1 to 4. 2) Closing balance mentioned in the field viz. in case monies are due to either party as a result of the transaction, for Sr. No. 4 represents the aggregate closing balance for transactions of Sr. No. 1 to 4. Common Notes for all transactions in this statement, as applicable: 1) All transactions in foreign currency, wherever applicable, have been converted at relevant rates and disclosed in INR. 2) For the field viz. in case monies are due to either party as a result of the transaction, positive balance indicates Amount Receivable/Asset and negative balance indicates Amount Payable/Liability . |
| Textual Information(3) | 1) Opening balance mentioned in the field viz. in case monies are due to either party as a result of the transaction, for Sr. No. 5 represents the aggregate opening balance for transactions of Sr. No. 5 to 6. 2) Closing balance mentioned in the field viz. in case monies are due to either party as a result of the transaction, for Sr. No. 5 represents the aggregate closing balance for transactions of Sr. No. 5 to 6. Common Notes for all transactions in this statement, as applicable: 1) All transactions in foreign currency, wherever applicable, have been converted at relevant rates and disclosed in INR. 2) For the field viz. in case monies are due to either party as a result of the transaction, positive balance indicates Amount Receivable/Asset and negative balance indicates Amount Payable/Liability . |
| Textual Information(4) | This transaction covers under omnibus approval given by audit committee meeting held on January 28, 2026 |
| Textual Information(5) | Pursuant to Regulation 23(9) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the remuneration paid to Promoter Directors are provided as part of this disclosure. |
| Textual Information(6) | Pursuant to Regulation 23(9) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the remuneration paid to Promoter Directors are provided as part of this disclosure. |
| Textual Information(7) | Closing balance mentioned in the field viz. in case monies are due to either party as a result of the transaction, for Sr. No. 17 represents the aggregate closing balance for transactions of Sr. No. 17 to 18. Common Notes for all transactions in this statement, as applicable: 1) All transactions in foreign currency, wherever applicable, have been converted at relevant rates and disclosed in INR. 2) For the field viz. in case monies are due to either party as a result of the transaction, positive balance indicates Amount Receivable/Asset and negative balance indicates Amount Payable/Liability and Amount mentioned in the field viz. value of the related party transaction as approved by the audit committee, is for a period of 3 years. Amount mentioned in the filed viz. value of the related party transaction as approved by the committee, refers to the combined approval for transactions between Borosil Renewables Ltd / Geosphere Glasssoworks GmbH / Laxman AG and GMB Glasmanufakur Brandenburg GmbH / Interfloat Corporation. |