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-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 10-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 07-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Manufacturer of flat glass
Start date and time of board meeting 10-May-2025   14:10:00
End date and time of board meeting 10-May-2025   15:50:00
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 Declaration of unmodified opinion
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 2025-02-14
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 1
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.



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-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
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 3272282000 11099363000
Other income 68696000 164926000
Total income 3340978000 11264289000
2 Expenses
(a) Cost of materials consumed 888357000 3259378000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 39816000 -1531000
(d) Employee benefit expense 212167000 781412000
(e) Finance costs 72426000 258142000
(f) Depreciation, depletion and amortisation expense 248364000 1078419000
(f) Other Expenses
1 Power and Fuel 838869000 3074196000
2 Other Expenses 591438000 2345708000
Total other expenses 1430307000 5419904000
Total expenses 2891437000 10795724000
3 Total profit before exceptional items and tax 449541000 468565000
4 Exceptional items 0 0
5 Total profit before tax 449541000 468565000
6 Tax expense
7 Current tax 77667000 82208000
8 Deferred tax 40553000 51699000
9 Total tax expenses 118220000 133907000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 331321000 334658000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period 331321000 334658000
17 Other comprehensive income net of taxes 840000 -2756000
18 Total Comprehensive Income for the period 332161000 331902000
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 132467000 132467000
Face value of equity share capital 1 1
27 Details of debt securities
22 Reserves excluding revaluation reserve 10760658000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 2.52 2.56
Diluted earnings (loss) per share from continuing operations 2.52 2.56
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 2.52 2.56
Diluted earnings (loss) per share from continuing and discontinued operations 2.52 2.56
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Please refer the pdf file submitted to stock exchanges for notes on financial results.



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


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 7009296000
Capital work-in-progress 177822000
Investment property 0
Goodwill 0
Other intangible assets 28930000
Intangible assets under development 659000
Biological assets other than bearer plants 0
Investments accounted for using equity method 0
Non-current financial assets
Non-current investments 866399000
Trade receivables, non-current 0
Loans, non-current 3094934000
Other non-current financial assets 290980000
Total non-current financial assets 4252313000
Deferred tax assets (net) 0
Other non-current assets 92070000
Total non-current assets 11561090000
2 Current assets
Inventories 1729686000
Current financial asset
Current investments 201374000
Trade receivables, current 1102080000
Cash and cash equivalents 16437000
Bank balance other than cash and cash equivalents 89538000
Loans, current 233521000
Other current financial assets 84236000
Total current financial assets 1727186000
Current tax assets (net) 7964000
Other current assets 115100000
Total current assets 3579936000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 15141026000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 132467000
Other equity 10760658000
Total equity attributable to owners of parent 10893125000
Non controlling interest
Total equity 10893125000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 1612143000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other non-current financial liabilities 0
Total non-current financial liabilities 1612143000
Provisions, non-current 0
Deferred tax liabilities (net) 309022000
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities 1921165000
Current liabilities
Current financial liabilities
Borrowings, current 894588000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 109603000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 471082000
Total Trade payable 580685000
Other current financial liabilities 292288000
Total current financial liabilities 1767561000
Other current liabilities 408491000
Provisions, current 77820000
Current tax liabilities (Net) 72864000
Deferred government grants, Current 0
Total current liabilities 2326736000
3 Liabilities directly associated with assets in disposal group classified as held for sale 0
4 Regulatory deferral account credit balances and related deferred tax liability 0
Total liabilities 4247901000
Total equity and liabilites 15141026000
Disclosure of notes on assets and liabilities



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-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
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



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-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
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 1122000 -3683000
Total Amount of items that will not be reclassified to profit and loss 1122000 -3683000
2 Income tax relating to items that will not be reclassified to profit or loss 282000 -927000
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
5 Total Other comprehensive income 840000 -2756000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 2024-04-01
B Date of end of reporting period 2025-03-31
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 468565000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 258142000
Adjustments for decrease (increase) in inventories -264050000
Adjustments for decrease (increase) in trade receivables, current 12151000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 0
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 0
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 419713000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 0
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 1078419000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 0
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 0
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains -18146000
Adjustments for dividend income 0
Adjustments for interest income 86150000
Adjustments for share-based payments 2876000
Adjustments for fair value losses (gains) -7116000
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 7472000
Other adjustments to reconcile profit (loss) -36261000
Other adjustments for non-cash items 792000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 1367842000
Net cash flows from (used in) operations 1836407000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) -28089000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 1864496000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 178209000
Proceeds from sales of property, plant and equipment 10090000
Purchase of property, plant and equipment 573133000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 15085000
Income taxes paid (refund) -532000
Other inflows (outflows) of cash -2693306000
Net cash flows from (used in) investing activities -3418941000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 1905403000
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 0
Repayments of borrowings 1048107000
Payments of lease liabilities 2885000
Dividends paid 0
Interest paid 284904000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 846366000
Net cash flows from (used in) financing activities 1415873000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -138572000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents -138572000
Cash and cash equivalents cash flow statement at beginning of period 155009000
Cash and cash equivalents cash flow statement at end of period 16437000







Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 M/s. Chaturvedi & Shah LLP Yes 30-Jun-2026


Financial details
Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income
2 Total Expenditure
3 Net Profit/(Loss)
4 Earnings Per Share
5 Total Assets
6 Total Liabilities
7 Net Worth




Signatories detail
Name of CEO / Managing director
Name of CFO
Name of audit committee chairman
Name of statutory auditor
Name of other signatory, if any, with designation
Place
Date



Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)
Mode of Fund Raising Preferential Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 14-Feb-2025
Amount Raised 5176631000
Report filed for Quarter ended 31-Mar-2025
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 N.A 1850000000 0 1850000000 0 Rs. 51766.31 lakhs is the total issue size. The Company had on February 14 2025 allotted equity shares to promoter and members of promoter group and warrants to non-promoter category investors under the Preferential Issue. Due to non-participation and ineligibility of some proposed allottees of warrant the original Issue size of Rs. 70000 lakhs got reduced to Rs. 51766.31 lakhs. As on March 31 2025 the Company had received Rs. 20441.58 lakhs which includes full subscription amount towards equity shares and 25 percent of the subscription amount toward warrants. The remaining Rs. 31324.73 lakhs would be received as and when the conversion option is exercised by the warrant holders to convert warrants into equity shares during the tenure of 18 months of the warrant.
2 Capital Expenditure for expansion of the Company’s existing production capacity for manufacturing of solar glass at its facility situated in Bharuch, Gujarat N.A 3326600000 0 0 0 Pending actual utilisation of funds towards the object unutilised funds of Rs. 1942 lakhs have been temporarily invested in mutual funds.


Signatory Details
Name of signatory Ravi Vaishnav
Designation of person Company Secretary and Compliance Officer
Place Mumbai
Date 10-May-2025




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 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 ornsignificant influence overnentity Purchase of goods or services 7500000 Please refer Notes 524000 -1346000 1458000 Textual Information(1)
2 Borosil Renewables Limited Borosil Limited Entities with joint control ornsignificant influence overnentity Sale of goods or services 10000000 NA 158000 0 0
3 Borosil Renewables Limited Borosil Limited Entities with joint control ornsignificant influence overnentity Any other transaction Functional support / shared service transactions 100000000 Please refer Notes 22247000 0 0 Textual Information(2)
4 Borosil Renewables Limited Geosphere Glassworks GmbH Wholly Owned Subsidiary Company Interest received 0 NA 34562000 114956000 148564000
5 Borosil Renewables Limited Geosphere Glassworks GmbH Wholly Owned Subsidiary Company Inter-corporate deposit 0 NA 319359000 827776000 1149441000 Inter-corporate deposit 0.0713 Upto 3 years Unsecured Acquisition of GMB Glasmanufaktur Brandenburg GmbH & related expenses; Providing financial support to subsidiary and general corporate purposes. Textual Information(3)
6 Borosil Renewables Limited Geosphere Glassworks GmbH Wholly Owned Subsidiary Company Investment 0 NA 0 2304000 2304000 Investment 0 0 Unsecured Expansion of overseas business
7 Borosil Renewables Limited Laxman AG Wholly Owned Subsidiary Company Interest received 0 NA 3100000 0 3100000
8 Borosil Renewables Limited Laxman AG Wholly Owned Subsidiary Company Inter-corporate deposit 0 NA 214152000 0 221579000 Inter-corporate deposit 0.069 1 year Unsecured Providing financial support to subsidiary and general corporate purposes.
9 Borosil Renewables Limited Laxman AG Wholly Owned Subsidiary Company Investment 0 NA 0 575886000 575886000 Investment 0 0 Unsecured Expansion of overseas business
10 Borosil Renewables Limited Croton Trading Private Limited Promoter Group Entity Purchase of goods or services 10000000 NA 470000 0 0
11 Borosil Renewables Limited Renew Green (GJS Two) Pvt Ltd Associate Company Investment 0 NA 0 110000000 110000000 Investment 0 0 Unsecured Setting up of hybrid wind+solar power plant
12 Borosil Renewables Limited Renew Green (GJS Two) Pvt Ltd Associate Company Any other transaction Procurement of Power 180000000 NA 92362000 0 4465000
13 Borosil Renewables Limited Clean Max Prithvi Private Limited Associate Company Investment 180000000 NA 178159000 49000 178209000 Investment 0 0 Unsecured Setting up of hybrid wind+solar power plant
14 Borosil Renewables Limited Pradeep Kumar Kheruka Promoter and Executive chairman Remuneration 85007000 NA 56927000 0 0 Textual Information(4)
15 Borosil Renewables Limited Shreevar Kheruka Promoter and Non-executive Director Any other transaction Director Sitting Fees 875000 NA 425000 0 0 Textual Information(5)
16 Borosil Renewables Limited KHAITAN & CO AOR (New Delhi) Firm where one of the director is a partner Any other transaction Professional fees 150000000 Please refer Notes 0 -732000 0 Textual Information(6)
17 Borosil Renewables Limited KHAITAN & CO AOR (Mumbai) Firm where one of the director is a partner Any other transaction Professional fees 150000000 Please refer Notes 3183000 0 0 Textual Information(7)
18 Laxman AG Interfloat Corporation Subsidiary Company Inter-corporate deposit 271887000 NA 217510000 297438000 515171000 Inter-corporate deposit 0.077 Upto 2 years Unsecured General Corporate Purposes Textual Information(8)
19 Laxman AG Interfloat Corporation Subsidiary Company Any other transaction Functional support Service Income 181258000 Please refer Notes 5191000 2634000 0 Textual Information(9)
20 Laxman AG Interfloat Corporation Subsidiary Company Interest received 13990000 NA 13990000 1877000 2995000
21 Laxman AG Interfloat Corporation Subsidiary Company Investment 0 NA 0 283708000 221579000 Investment 0 0 Unsecured Expansion of business
22 Geosphere Glassworks GmbH GMB Glasmanufaktur Brandenburg GmbH Subsidiary Company Inter-corporate deposit 3534535000 Please refer Notes 317202000 0 323136000 Inter-corporate deposit 0.075 2 years Unsecured General Corporate Purposes Textual Information(10)
23 Geosphere Glassworks GmbH GMB Glasmanufaktur Brandenburg GmbH Subsidiary Company Interest received 5631000 NA 5631000 0 5737000
24 Geosphere Glassworks GmbH GMB Glasmanufaktur Brandenburg GmbH Subsidiary Company Investment 0 NA 0 645479000 609342000 Investment 0 0 Unsecured Expansion of business
25 Laxman AG Geosphere Glassworks GmbH Fellow Subsidiary Inter-corporate deposit 0 NA 0 5612000 5539000 Inter-corporate deposit 0.07 2 years Unsecured General Corporate Purposes
26 Laxman AG Geosphere Glassworks GmbH Fellow Subsidiary Interest received 0 NA 208000 190000 400000
27 GMB Glasmanufaktur Brandenburg GmbH Interfloat Corporation Fellow Subsidiary Sale of goods or services 39338469000 Please refer Notes 1159320000 292073000 -114469000 Textual Information(11)
28 Borosil Renewables Limited GMB Glasmanufaktur Brandenburg GmbH Step-Down Subsidiary Company Inter-corporate deposit 1965636000 Please refer Notes 1965636000 0 1938817000 Inter-corporate deposit 0.0677 Upto 5.75 years Secured Capex & General Corporate Purposes Textual Information(12)
29 Borosil Renewables Limited GMB Glasmanufaktur Brandenburg GmbH Step-Down Subsidiary Company Interest received 4233000 Please refer Notes 4233000 0 4233000 Textual Information(13)
30 Borosil Renewables Limited GMB Glasmanufaktur Brandenburg GmbH Step-Down Subsidiary Company Any other transaction Commission for extension of SBLC 487000 Please refer Notes 487000 4180000 15722000 Textual Information(14)
31 Borosil Renewables Limited GMB Glasmanufaktur Brandenburg GmbH Step-Down Subsidiary Company Any other transaction Reimbursement of Expenses from 11136000 Please refer Notes 11136000 0 0 Textual Information(15)
32 Borosil Renewables Limited GMB Glasmanufaktur Brandenburg GmbH Step-Down Subsidiary Company Any other transaction Extension of SBLC 0 NA 0 2132575000 0 Textual Information(16)
Total value of transaction during the reporting period 4626172000



Text Block
Textual Information(1) 1) 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. 2) Since GST input tax credit on purchase of goods was not available to the Company, GST amount has been considered as part of transaction value. Hence, there will be difference in amount of transaction reported by the Company and Borosil Limited, to the extent of GST amount. 3) Opening balance mentioned in the field viz. in case monies are due to either party as a result of the transaction, for Sr. No. 1 represents the aggregate opening balance for transactions of Sr. No. 1 & 3. 4) Closing balance mentioned in the field viz. in case monies are due to either party as a result of the transaction, for Sr. No. 1 represents the aggregate closing balance for transactions of Sr. No. 1 to 3. 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(2) Value of Transaction indicates (a) expenditure of Rs. 8.74 lakhs towards rent & Rs. 0.25 lakhs towards security deposit in relation to premises taken on leave & license basis, Rs. 48 lakhs towards other functional support expense and Rs.32.48 towards reimbursement of expenditure, and (b) functional support income of Rs. 133.01 lakhs.
Textual Information(3) Interest rate ranges from 7 to 7.13% p.a.
Textual Information(4) Pursuant to amended 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(5) Pursuant to amended Regulation 23(9) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the sitting fees paid to Promoter Directors are provided as part of this disclosure.
Textual Information(6) Amount approved is for 5 years, combined for Khaitan & Co.
Textual Information(7) Amount approved is for 5 years, combined for Khaitan & Co.
Textual Information(8) Interest rate ranges from 7.40% to 7.70% p.a.
Textual Information(9) 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.
Textual Information(10) 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 / Interfloat Corporation and GMB Glasmanufakur Brandenburg GmbH.
Textual Information(11) 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.
Textual Information(12) The Company had extended its SBLC facility (which was secured against the Company's assests) basis which the loans were availed by GMB Glasmanufaktur Brandenburg GmbH (GMB). For this arrangement, the Company charged a commission to GMB as certain percentage on outstanding amount of SBLC and Bank Charges are also reimbursed at actuals. Hence, the amount approved for commission and reimbursement of bank charges in this regard is not specific and varies from time to time. Therefore, the amount mentioned for approved limit for commission and expense reimbursement is equal to the value of the transaction during the period under review. Further, at the request of GMB, the Lender Banks have pre-poned the repayment of loans granted to GMB and demanded the payment from the Company pursuant to SBLC draw-down. Pursuant to this, the Company has made the payment under SBLC and consequently the loans of GMB stood subgrogated in favour of Company from the actual date of payments by Company. Since the SBLCs extended got cancelled, we have reported this as Inter-corporate deposit by Company to GMB, although there is no actual outflow of funds to GMB. Further, we have mentioned the original purpose for which the funds borrowed from Banks were utilsed by GMB.
Textual Information(13) Same as per Sr. No. 41
Textual Information(14) Opening and Closing balance mentioned in the field viz. in case monies are due to either party as a result of the transaction, for Sr. No. 43 represents the aggregate opening and closing balance for transactions from Sr. No. 43 to 44. Other Notes are same as per Sr. No. 41
Textual Information(15) Same as per Sr. No. 41
Textual Information(16) Same as per Sr. No. 41


Format for Disclosing Outstanding Default on Loans and Debt Securities
Sr. No. Particulars Amount Remarks
1. Loans / revolving facilities like cash credit from banks / financial institutions
A Total amount outstanding as on date
B Of the total amount outstanding, amount of default as on date
2. Unlisted debt securities i.e. NCDs and NCRPS
A Total amount outstanding as on date
B Of the total amount outstanding, amount of default as on date
3. Total financial indebtedness of the listed entity including short-term and long-term debt