5022192025-07-012025-09-305022192025-09-305022192025-03-315022192025-04-012025-09-305022192025-07-012025-09-30in-capmkt:OtherExpenses1Member5022192025-07-012025-09-30in-capmkt:OtherExpenses2Member5022192025-04-012025-09-30in-capmkt:OtherExpenses1Member5022192025-04-012025-09-30in-capmkt:OtherExpenses2Member5022192025-07-012025-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15022192025-04-012025-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15022192025-07-012025-09-30ItemsThatWillBeReclassifiedToProfitAndLoss15022192025-04-012025-09-30ItemsThatWillBeReclassifiedToProfitAndLoss1iso4217:INRiso4217:INRxbrli:shares502219BORORENEWNOTLITSEDINE666D01022Borosil Renewables LimitedMain BoardEquity2025-04-012026-03-312025-11-112025-11-04INRLakhsQuarterlySecond quarterSingle segmentManufacturer of flat glass2025-11-1111:30:002025-11-1113:15:00trueCash Flow IndirectNot applicable2025-07-012025-09-30UnauditedConsolidated37887500001812600038068760008966160008030000-1197980002201390003606900022277700015976960002861529000945347000-77548000867799000252666000-22110002504550000617344000000-1588000615756000-8483400053092200026411200035164400017926600035165600013321700011.981.97001.981.971 The above un-audited financial results of the Company for the quarter and half year ended 30th September, 2025 have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their respective meetings held on 11th November, 2025. The Statutory Auditors of the Company have carried out a Limited Review of the above results and have issued an unmodified review report. <BR> <BR> 2 Pursuant to exercise of the options issued under "Borosil Employee Stock Option Scheme, 2017”, during the quarter and half year ended 30th September, 2025, the Company has made allotment of 5,412 Equity Shares of face value of Re. 1/- each fully paid-up, which has resulted into increase in the paid-up Equity Share Capital by Rs. 0.05 Lakhs and Securities Premium by Rs. 30.28 Lakhs. <BR> <BR> 3 As 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 had received full amount of Rs. 10,000 Lakhs towards the Equity Shares allotted to Promoters and an amount of Rs. 10,441.58 Lakhs, i.e. 25% of the issue price towards the allotment of Warrants to Non-Promoter Investors. During the quarter and half year ended 30th September, 2025, the Company has further received Rs. 639.13 Lakhs and 2,960.15 Lakhs from the warrant holders, respectively, upon exercise of right attached to their warrants by paying balance 75% and accordingly 1,60,788 and 7,44,693 fully paid-up equity shares, respectively, of Re. 1/- each have been allotted. Pursuant to above allotment, the paid-up Equity Share Capital has increased by Rs. 1.61 Lakhs and Rs. 7.45 Lakhs, respectively and Securities Premium increased by Rs. 850.57 Lakhs and Rs. 3,939.43 Lakhs, respectively. <BR> <BR> Out of the above proceeds, Rs. 18,500.00 Lakhs had already 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; Rs. 1,634.73 Lakhs have been utilised towards capital expenditure for expansion of the Company’s production capacity, during the quarter and half year ended 30th September, 2025, and the balance amount available for usage has been temporarily invested in Mutual Funds, pending utilisation. <BR> <BR> 4 As approved by the shareholders, subsequent to the end of the quarter, on October 17, 2025, the Company has made allotment of 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. <BR> <BR> 5 During the half year ended 30th September, 2025, the Company has done an independent assessment of the prevailing situation of GMB, a step-down subsidiary of the Company in Germany and concluded that there was 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”). The insolvency resolution process is currently underway. <BR> <BR> Consequent to the initiation of insolvency proceedings, the powers of control and management over GMB stood vested in the administrator appointed by the Insolvency Court on 7th July 2025. Accordingly, as on the date of loss of control i.e. 4th July, 2025, the Company has deconsolidated the financial statements of GMB and given the impact in the above results. <BR> <BR> Exceptional items in the above results represent the impairment of Group's exposure in the GMB after giving impact of deconsolidation as mentioned above. <BR> <BR> 6 Interfloat Corporation (“IF”), a step-down subsidiary of the Company has faced significant challenges in retaining customers following the cessation of annealed production at GMB from 31st December, 2024. At that time, the Company had expected that the customers would continue to source from IF, which would supply from existing stocks as well as source material from the Company. However, fierce competition from East Asia compelled IF customers to seek highly reduced prices for solar glass which were unremunerative. Meanwhile, domestic demand for the Company’s products in India increased substantially at good prices which reduced incentive to export at low prices. This has left IF with a highly reduced sales which is insufficient to pay for its fixed operational costs. Following a review by the Management of IF, it is assessed that there are no clear indicators of demand recovery in the near term that would support a return to profitable operations. <BR> <BR> 7 The figures for the corresponding previous periods/year have been rearranged/regrouped/reclassified, wherever necessary, to make them comparable. <BR> <BR> 8 The 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)'. <BR> 9 Revenue from Operations consists of:- <BR> (Rs. in Lakhs) <BR> Particulars Quarter Ended Half Year Ended Year Ended <BR> 30.09.2025 30.06.2025 30.09.2024 30.09.2025 30.09.2024 31.03.2025 <BR> (a) Within India 33,283.70 29,763.59 23,328.63 63,047.29 45,416.70 1,02,282.17 <BR> (b) Outside India 4,603.80 4,894.11 13,980.38 9,497.91 29,013.66 45,650.72 <BR> Total 37,887.50 34,657.70 37,309.01 72,545.20 74,430.36 1,47,932.89 <BR> 2025-04-012025-09-30UnauditedConsolidated725452000080969000733548900017555010008030000-1374400058353500078117000517748000310513800060343250001301164000-2300643000-999479000447126000-275910004195350000-1419014000000-98000-141911200070179000-1348933000-1401570000-17542000-1331840000-170930001332170001-10.55-10.5500-10.55-10.55Power and Fuel820431000Other Expenses777265000Power and Fuel1610668000Other Expenses149447000065838800004756550000247000498820002215000002945350000743000030619000332584000021530100076597640001502913000106945000014550120005052170001633550001287100036470000324237500071160002079680004960372000001262013600013321700087990840008932301000-12774000891952700013020240000001302024000028547800000158750200073068400011555500047496900059052400042266000017438680002130940007650500079640000021131070000037006090001262013600078117000312143000-237944000000000-19103600000051774800023357770000000-25084000002220000-19150000024017000014200002796950000179747100000-11115000415454000-134440001357458000-201110000263622000111089000000007215000466079000000000000000000000787800000-131836500000309625000000001000000052784700036940000919370000241824000-62029000-229360000-22936000528153000505217000Re-measurement gains/(losses) on defined benefit plans-825000-825000Re-measurement gains/(losses) on defined benefit plans18210001821000-220000-6000Foreign currency Translation Reserve-84229000-84229000Foreign currency Translation Reserve683520006835200000-8483400070179000