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tionDomain315022192025-06-30RelatedPartyTransactionDomain315022192025-09-30RelatedPartyTransactionDomain315022192025-07-012025-09-30RelatedPartyTransactionDomain325022192025-06-30RelatedPartyTransactionDomain325022192025-09-30RelatedPartyTransactionDomain325022192025-07-012025-09-30RelatedPartyTransactionDomain335022192025-06-30RelatedPartyTransactionDomain335022192025-09-30RelatedPartyTransactionDomain335022192025-09-30Statement15022192025-07-012025-09-30Statement15022192025-09-30StatementDynamic1I1Statement15022192025-09-30StatementDynamic1I2Statement1iso4217:INRxbrli:pureiso4217:INRxbrli:shares502219BORORENEWNOTLISTEDINE666D01022Borosil 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 applicabletruetrueNANAfalsetrue2025-02-14https://borosilrenewables.com/investor/policiestrue1falseThere is no default by the Company during the quarter and hence its not applicable.2025-07-012025-09-30UnauditedStandalone37844290001804200038024710008883710000-9714200020750300036067000218574000154872100028020940001000377000-338704000661673000252544000-4904900020349500004581780000000458178000-68900045748900013321700013.443.43003.443.431 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> On account of the above, the Management has reassessed its exposure aggregating to Rs. 32,590.81 Lakhs, with Geosphere Glassworks GmbH (Geosphere), a wholly owned subsidiary of the Company and GMB, a subsidiary of Geosphere and a step down subsidiary of the Company, comprising of investment, loans including interest thereon and other receivables. In view of the above and uncertainty about the outcome of the Insolvency Proceedings, above exposure of Rs. 32,590.81 Lakhs have been fully provided for and disclosed as an exceptional items for the quarter ended 30th June 2025 and half year ended 30th September, 2025 in above results. <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> In view of the above, Management of Laxman AG has partially provided its exposure in IF during the quarter ended 30th September 2025 and accordingly Rs. 3,387.04 Lakhs have been considered as impaired out of total exposure of Rs. 5,758.86 Lakhs and provided for in the books of account of the Company and disclosed as an exceptional item in the above results . <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 Company 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 30.09.2025 30.09.2024 31.03.2025 <BR> (a) Within India 33,283.70 63,047.29 45,416.70 1,02,282.17 <BR> (b) Outside India 4,560.59 8,023.04 5,326.36 8,711.46 <BR> Total 37,844.29 71,070.33 50,743.06 1,10,993.63 <BR> 2025-04-012025-09-30UnauditedStandalone710703300073258000718029100017325540000-8160900040841800078027000436327000294064500055143620001665929000-3597785000-1931856000446772000-1133490003334230000-22652790000000-2265279000-1378000-22666570001332170001-17.05-17.0500-17.05-17.05Power and Fuel819751000Other Expenses728970000Power and Fuel1584558000Other Expenses13560870006583880000475655000002332200022150000052539100007430000306190005634400000215301000786381300015029130001069450000145701800021360700016335500012871000364700002952771000711600019927100046620710000012525884000133217000880471400089379310008937931000130202400000001302024000019559300000149761700073068400011555500046614200058169700040871600017210970002130940007650500079640000020903360000035879530001252588400078027000226773000-441480000000000-1768280000004363270003597927000000037650000002220000-16580000-66260000003752332000182047600000-116880004205640000138822400000263622000111089000000006924000454436000000000000000000000157830000221579000-105741800000309625000000001000000052784700014420000919370000167965000-133636000197170000019717000016437000213607000Re-measurement gains/(losses) on defined benefit plans-920000-920000Re-measurement gains/(losses) on defined benefit plans-1841000-1841000-231000-46300000-689000-1378000Borosil Renewables Limited******Borosil Limited******Entities with joint control or significant influence over entityPurchase of goods or services0NA01458000-890990001) 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 to 3. 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. 1 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 .Borosil Renewables Limited******Borosil Limited******Entities with joint control or significant influence over entitySale of goods or services0NA000Borosil Renewables Limited******Borosil Limited******Entities with joint control or significant influence over entityAny other transactionFunctional support / shared service transactions100000000Please refer Notes4975100000Value of Transaction indicates (a) expenditure of Rs. 8.90 lakhs towards rent in relation to premises taken on leave & license basis, Rs. 432.52 lakhs towards other functional support expense and Rs.30.89 towards reimbursement of expenditure, and (b) functional support income of Rs. 25.20 lakhs.Borosil Renewables Limited******Borosil Limited******Entities with joint control or significant influence over entityAny other transactionRoyalty Expenses37654000NA3765400000Borosil Renewables Limited******Icon Solar-En Power Technologies Private Limited******Relative of Director having Significant InfluenceSale of goods or services800000000NA3817290000163368000Borosil Renewables Limited******Geosphere Glassworks GmbH******Wholly Owned Subsidiary CompanyInterest received0NA01485640000During the half year ended September 30, 2025, the provison has been made for amount of receiveables shown under opening balance on account of indications of non-recoverability post filing of application for insolvency resolution by GMB Glasmanufaktur Brandenburg GmbH (GMB), a material step-down subsidiary of Borosil Renewables Ltd (BRL). Since GMB was a manufacturing entity and has been a supplier of goods sold by Interfloat, GMB's insolvency has impacted operations of Interfloat Corporation. This together has impacted the operations of Geosphere Glassworks GmbH, holding company of GMB, and Laxman AG, holding company of Interfloat Corporation, which in turn impacted the Company.Borosil Renewables Limited******Geosphere Glassworks GmbH******Wholly Owned Subsidiary CompanyInter-corporate deposit0NA011494410000During the half year ended September 30, 2025, the provison has been made for amount of receiveables shown under opening balance on account of indications of non-recoverability post filing of application for insolvency resolution by GMB Glasmanufaktur Brandenburg GmbH (GMB), a material step-down subsidiary of Borosil Renewables Ltd (BRL). Since GMB was a manufacturing entity and has been a supplier of goods sold by Interfloat, GMB's insolvency has impacted operations of Interfloat Corporation. This together has impacted the operations of Geosphere Glassworks GmbH, holding company of GMB, and Laxman AG, holding company of Interfloat Corporation, which in turn impacted the Company.Borosil Renewables Limited******Geosphere Glassworks GmbH******Wholly Owned Subsidiary CompanyInvestment0NA023040000During the half year ended September 30, 2025, the provison has been made for amount of receiveables shown under opening balance on account of indications of non-recoverability post filing of application for insolvency resolution by GMB Glasmanufaktur Brandenburg GmbH (GMB), a material step-down subsidiary of Borosil Renewables Ltd (BRL). Since GMB was a manufacturing entity and has been a supplier of goods sold by Interfloat, GMB's insolvency has impacted operations of Interfloat Corporation. This together has impacted the operations of Geosphere Glassworks GmbH, holding company of GMB, and Laxman AG, holding company of Interfloat Corporation, which in turn impacted the Company.Borosil Renewables Limited******Laxman AG******Wholly Owned Subsidiary CompanyInterest received0NA460200031000000Borosil Renewables Limited******Laxman AG******Wholly Owned Subsidiary CompanyInter-corporate deposit0NA02215790000Borosil Renewables Limited******Laxman AG******Wholly Owned Subsidiary CompanyInvestment0NA0575886000237182000During the half year ended September 30, 2025, the provison has been made for part of the amount of receiveables shown under opening balance on account of indications of non-recoverability post filing of application for insolvency resolution by GMB Glasmanufaktur Brandenburg GmbH (GMB), a material step-down subsidiary of Borosil Renewables Ltd (BRL). Since GMB was a manufacturing entity and has been a supplier of goods sold by Interfloat, GMB's insolvency has impacted operations of Interfloat Corporation. This together has impacted the operations of Geosphere Glassworks GmbH, holding company of GMB, and Laxman AG, holding company of Interfloat Corporation, which in turn impacted the Company.Borosil Renewables Limited******Renew Green (GJS Two) Pvt Ltd******Associate CompanyInvestment0NA0110000000110000000Borosil Renewables Limited******Renew Green (GJS Two) Pvt Ltd******Associate CompanyAny other transactionProcurement of Power180000000NA7538900044650000Borosil Renewables Limited******Clean Max Prithvi Private Limited******Associate CompanyInvestment180000000NA0178209000178209000Borosil Renewables Limited******Pradeep Kumar Kheruka******Promoter and Executive chairmanRemuneration31460000NA3146000000Pursuant 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.Borosil Renewables Limited******Shreevar Kheruka******Promoter and Non-executive DirectorAny other transactionDirector Sitting Fees200000NA20000000Pursuant 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.Laxman AG******Interfloat Corporation******Subsidiary CompanyInter-corporate deposit0NA0515171000135489000Part of the loan amount was repaid. Additionally, during the half year ended September 30, 2025, the provison has been made for part of the amount of receiveables shown under opening balance on account of indications of non-recoverability post filing of application for insolvency resolution by GMB Glasmanufaktur Brandenburg GmbH (GMB), a material step-down subsidiary of Borosil Renewables Ltd (BRL). Since GMB was a manufacturing entity and has been a supplier of goods sold by Interfloat, GMB's insolvency has impacted operations of Interfloat Corporation. This together has impacted the operations of Geosphere Glassworks GmbH, holding company of GMB, and Laxman AG, holding company of Interfloat Corporation, which in turn impacted the Company.Laxman AG******Interfloat Corporation******Subsidiary CompanyAny other transactionFunctional support Service Income179400000Please refer Notes283500000Amount 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.Laxman AG******Interfloat Corporation******Subsidiary CompanyInterest received14014000NA14014000299500012640000Laxman AG******Interfloat Corporation******Subsidiary CompanyInvestment0NA02215790000During the half year ended September 30, 2025, the provison has been made for amount of receiveables shown under opening balance on account of indications of non-recoverability post filing of application for insolvency resolution by GMB Glasmanufaktur Brandenburg GmbH (GMB), a material step-down subsidiary of Borosil Renewables Ltd (BRL). Since GMB was a manufacturing entity and has been a supplier of goods sold by Interfloat, GMB's insolvency has impacted operations of Interfloat Corporation. This together has impacted the operations of Geosphere Glassworks GmbH, holding company of GMB, and Laxman AG, holding company of Interfloat Corporation, which in turn impacted the Company.Geosphere Glassworks GmbH******GMB Glasmanufaktur Brandenburg GmbH******Subsidiary CompanyInter-corporate deposit0NA03231360000During the half year ended September 30, 2025, the provison has been made for amount of receiveables shown under opening balance on account of indications of non-recoverability post filing of application for insolvency resolution by GMB Glasmanufaktur Brandenburg GmbH (GMB), a material step-down subsidiary of Borosil Renewables Ltd (BRL). Since GMB was a manufacturing entity and has been a supplier of goods sold by Interfloat, GMB's insolvency has impacted operations of Interfloat Corporation. This together has impacted the operations of Geosphere Glassworks GmbH, holding company of GMB, and Laxman AG, holding company of Interfloat Corporation, which in turn impacted the Company.Geosphere Glassworks GmbH******GMB Glasmanufaktur Brandenburg GmbH******Subsidiary CompanyAny other transactionFunctional support Service Income179400000Please refer Notes2148000000Amount 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. During the half year ended September 30, 2025, the provison has been made for amount of receiveables shown under opening balance on account of indications of non-recoverability post filing of application for insolvency resolution by GMB Glasmanufaktur Brandenburg GmbH (GMB), a material step-down subsidiary of Borosil Renewables Ltd (BRL). Since GMB was a manufacturing entity and has been a supplier of goods sold by Interfloat, GMB's insolvency has impacted operations of Interfloat Corporation. This together has impacted the operations of Geosphere Glassworks GmbH, holding company of GMB, and Laxman AG, holding company of Interfloat Corporation, which in turn impacted the Company.Geosphere Glassworks GmbH******GMB Glasmanufaktur Brandenburg GmbH******Subsidiary CompanyInterest received0NA057370000During the half year ended September 30, 2025, the provison has been made for amount of receiveables shown under opening balance on account of indications of non-recoverability post filing of application for insolvency resolution by GMB Glasmanufaktur Brandenburg GmbH (GMB), a material step-down subsidiary of Borosil Renewables Ltd (BRL). Since GMB was a manufacturing entity and has been a supplier of goods sold by Interfloat, GMB's insolvency has impacted operations of Interfloat Corporation. This together has impacted the operations of Geosphere Glassworks GmbH, holding company of GMB, and Laxman AG, holding company of Interfloat Corporation, which in turn impacted the Company.Geosphere Glassworks GmbH******GMB Glasmanufaktur Brandenburg GmbH******Subsidiary CompanyInvestment0NA06093420000During the half year ended September 30, 2025, the provison has been made for amount of receiveables shown under opening balance on account of indications of non-recoverability post filing of application for insolvency resolution by GMB Glasmanufaktur Brandenburg GmbH (GMB), a material step-down subsidiary of Borosil Renewables Ltd (BRL). Since GMB was a manufacturing entity and has been a supplier of goods sold by Interfloat, GMB's insolvency has impacted operations of Interfloat Corporation. This together has impacted the operations of Geosphere Glassworks GmbH, holding company of GMB, and Laxman AG, holding company of Interfloat Corporation, which in turn impacted the Company.Laxman AG******Geosphere Glassworks GmbH******Fellow SubsidiaryInter-corporate deposit0NA055390000During the half year ended September 30, 2025, the provison has been made for amount of receiveables shown under opening balance on account of indications of non-recoverability post filing of application for insolvency resolution by GMB Glasmanufaktur Brandenburg GmbH (GMB), a material step-down subsidiary of Borosil Renewables Ltd (BRL). Since GMB was a manufacturing entity and has been a supplier of goods sold by Interfloat, GMB's insolvency has impacted operations of Interfloat Corporation. This together has impacted the operations of Geosphere Glassworks GmbH, holding company of GMB, and Laxman AG, holding company of Interfloat Corporation, which in turn impacted the Company.Laxman AG******Geosphere Glassworks GmbH******Fellow SubsidiaryInterest received0NA04000000During the half year ended September 30, 2025, the provison has been made for amount of receiveables shown under opening balance on account of indications of non-recoverability post filing of application for insolvency resolution by GMB Glasmanufaktur Brandenburg GmbH (GMB), a material step-down subsidiary of Borosil Renewables Ltd (BRL). Since GMB was a manufacturing entity and has been a supplier of goods sold by Interfloat, GMB's insolvency has impacted operations of Interfloat Corporation. This together has impacted the operations of Geosphere Glassworks GmbH, holding company of GMB, and Laxman AG, holding company of Interfloat Corporation, which in turn impacted the Company.GMB Glasmanufaktur Brandenburg GmbH******Interfloat Corporation******Fellow SubsidiarySale of goods or services39338469000Please refer Notes78861000-1144690000Amount mentioned in the field viz. value of the related party transaction as approved by the audit committee, is for a period of 3 years. During the half year ended September 30, 2025, the provison has been made for amount of receiveables shown under opening balance on account of indications of non-recoverability post filing of application for insolvency resolution by GMB Glasmanufaktur Brandenburg GmbH (GMB), a material step-down subsidiary of Borosil Renewables Ltd (BRL). Since GMB was a manufacturing entity and has been a supplier of goods sold by Interfloat, GMB's insolvency has impacted operations of Interfloat Corporation. This together has impacted the operations of Geosphere Glassworks GmbH, holding company of GMB, and Laxman AG, holding company of Interfloat Corporation, which in turn impacted the Company.Borosil Renewables Limited******GMB Glasmanufaktur Brandenburg GmbH******Step-Down Subsidiary CompanyInter-corporate deposit0NA019388170000During the half year ended September 30, 2025, the provison has been made for amount of receiveables shown under opening balance on account of indications of non-recoverability post filing of application for insolvency resolution by GMB Glasmanufaktur Brandenburg GmbH (GMB), a material step-down subsidiary of Borosil Renewables Ltd (BRL). Since GMB was a manufacturing entity and has been a supplier of goods sold by Interfloat, GMB's insolvency has impacted operations of Interfloat Corporation. This together has impacted the operations of Geosphere Glassworks GmbH, holding company of GMB, and Laxman AG, holding company of Interfloat Corporation, which in turn impacted the Company.Borosil Renewables Limited******GMB Glasmanufaktur Brandenburg GmbH******Step-Down Subsidiary CompanyInterest received0NA042330000During the half year ended September 30, 2025, the provison has been made for amount of receiveables shown under opening balance on account of indications of non-recoverability post filing of application for insolvency resolution by GMB Glasmanufaktur Brandenburg GmbH (GMB), a material step-down subsidiary of Borosil Renewables Ltd (BRL). Since GMB was a manufacturing entity and has been a supplier of goods sold by Interfloat, GMB's insolvency has impacted operations of Interfloat Corporation. This together has impacted the operations of Geosphere Glassworks GmbH, holding company of GMB, and Laxman AG, holding company of Interfloat Corporation, which in turn impacted the Company.Borosil Renewables Limited******GMB Glasmanufaktur Brandenburg GmbH******Step-Down Subsidiary CompanyAny other transactionCommission for extension of SBLC0NA0157220000Opening 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. 30 represents the aggregate opening and closing balance for transactions of Sr. No. 30 and 31. During the half year ended September 30, 2025, the provison has been made for amount of receiveables shown under opening balance on account of indications of non-recoverability post filing of application for insolvency resolution by GMB Glasmanufaktur Brandenburg GmbH (GMB), a material step-down subsidiary of Borosil Renewables Ltd (BRL). Since GMB was a manufacturing entity and has been a supplier of goods sold by Interfloat, GMB's insolvency has impacted operations of Interfloat Corporation. This together has impacted the operations of Geosphere Glassworks GmbH, holding company of GMB, and Laxman AG, holding company of Interfloat Corporation, which in turn impacted the Company.Borosil Renewables Limited******GMB Glasmanufaktur Brandenburg GmbH******Step-Down Subsidiary CompanyAny other transactionReimbursement of Expenses from0NA000Borosil Renewables Limited******Interfloat Corporation******Step-Down Subsidiary CompanySale of goods or services2335800000Please refer Notes366714000061400000Amount mentioned in the field viz. value of the related party transaction as approved by the audit committee, is for a period of 3 years.Borosil Renewables Limited******Interfloat Corporation******Step-Down Subsidiary CompanyAny other transactionSales commission30000000NA20760000-20760001066765000Preferential Issues2025-02-1451766310002025-09-30trueICRA LimitedfalseNot ApplicableNo CommentsNo CommentsSunil RoongtaDirectorMumbai2025-11-11Satisfaction 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 CompanyN.A1850000000018500000000Rs. 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 warrant, the original Issue size of Rs. 70,000 lakhs got reduced to Rs. 51,766.31 lakhs. As on September 30, 2025, the Company has received Rs. 23,514.23 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 17 warrant holders towards conversion of 7,72,994 warrants into equity shares). The remaining Rs. 28,252.08 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. Capital Expenditure for expansion of the Company’s existing production capacity for manufacturing of solar glass at its facility situated in Bharuch, GujaratN.A332663100001634730000Amount of Rs. 213.74 lakhs was not available for utilisation, pending the procedural compliances related to allotment of equity shares for conversion of warrants. Pending actual utilisation of available funds towards the objects, the un-utilised funds of Rs. 3,165.75 lakhs have been temporarily invested in mutual funds.