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The Statutory Auditors of the Company have carried out a Limited Review of the above results. <br /> <br /> 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. <br /> 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. <br /> <br /> 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. <br /> <br /> 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. <br /> <br /> 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. <br /> <br /> 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. <br /> <br /> 6 The figures for the corresponding previous periods/year have been rearranged/regrouped, wherever necessary, to make them comparable. <br /> <br /> 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)'. <br /> <br /> 8 Revenue from Operations consists of:- <br /> Rs. In Lakhs <br /> Particulars Quarter Ended Half Year Ended Year Ended <br /> 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 <br /> (a) Within India 38,470.93 39,140.34 33,283.70 77,611.27 63,047.29 1,42,153.55 <br /> (b) Outside India 1,144.95 1,428.73 4,560.59 2,573.68 8,023.04 11,328.95 <br /> Total 39,615.88 40,569.07 37,844.29 80,184.95 71,070.33 1,53,482.50 <br /> 2026-04-012026-09-30UnauditedStandalone801849500024872200082672170001808112000156697000-1597100005156800004946400042970900033630540006163006000210421100002104211000536834000-109590005258750000157833600000001578336000-38580001574478000147184000111.111.080011.111.08Power and Fuel965697000Other Expenses708132000Power and Fuel1987015000Other Expenses13760390005844414000348495100000149990002476000005253910000392100011121800064053000001846132000118335020001413433000488332900016518040001588179000861659000105010006266400090581360000247190000107187590000022552261000147184000192885110001943569500019435695000590574000000590574000023325500008238290006898980001756710004561350006318060005686570001890361000165530000841510001526950000229273700000311656600022552261000Others111218000Non-Current Tax Assets (net)540507000Other Non-current Assets1305625000Others62664000Other Current Assets247190000Other Financial Liabilities568657000Other Current Liabilities16553000049464000-212772000-52386100000000010589300000042970900000000-6190000027271000-1214790000-819120000-251310000-353437000175077400000-1202700038699200001351755000000000003092000278919300000000000000000000062790000300312000-2479510000002780458000000000346569000006193600003215400024041070001276352000012763520003118270001588179000Re-measurement gains/(losses) on defined benefit plans-2577000-2577000Re-measurement gains/(losses) on defined benefit plans-5155000-5155000-648000-129700000-1929000-3858000Borosil Renewables Limited******Borosil Limited******Entities with joint control or significant influence over entityPurchase of goods or services2500000NA21300000Borosil 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 transactions150000000Please refer Notes6527000000Value 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.Borosil Renewables Limited******Borosil Limited******Entities with joint control or significant influence over entityAny other transactionRoyalty Expenses79755000NA79755000-44529000-500570001) 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 .Borosil Renewables Limited******Icon Solar-En Power Technologies Private Limited******Relative of Director having Significant InfluenceSale of goods or services1000000000NA60849300044590001237490001) 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 .Borosil Renewables Limited******Icon Solar-En Power Technologies Private Limited******Relative of Director having Significant InfluencePurchase of goods or services10000000NA563800000This transaction covers under omnibus approval given by audit committee meeting held on January 28, 2026Borosil Renewables Limited******Laxman AG******Wholly Owned Subsidiary CompanyInvestment0NA0237182000237182000Borosil Renewables Limited******Renew Green (GJS Two) Pvt Ltd******Associate CompanyInvestment0NA0110000000110000000Borosil Renewables Limited******Renew Green (GJS Two) Pvt Ltd******Associate CompanyAny other transactionProcurement of Power180000000NA65522000-87590002379000Borosil Renewables Limited******Clean Max Prithvi Private Limited******Associate CompanyInvestment180000000NA0178209000178209000Borosil Renewables Limited******Clean Max Prithvi Private Limited******Associate CompanyAny other transactionProcurement of Power280000000NA1265730000-45400000Borosil Renewables Limited******Pradeep Kumar Kheruka******Promoter and Executive chairmanRemuneration52000000NA5200000000Pursuant 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 fees400000NA40000000Pursuant 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 deposit0NA03720200032681000Laxman AG******Interfloat Corporation******Subsidiary CompanyInterest received2024000NA20240007550001216000Laxman AG******Interfloat Corporation******Subsidiary CompanyInvestment0NA000Borosil Renewables Limited******Interfloat Corporation******Step-Down Subsidiary CompanyAny other transactionReimbursement of Expenses179400000NA54300006078000926000Closing 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.Borosil Renewables Limited******Interfloat Corporation******Step-Down Subsidiary CompanyAny other transactionSales commission30000000NA560700000Borosil Renewables Limited******Solar Ancillary Manufacturers Association******Entity having Common DirectorAny other transactionMembership fees700000NA700000001017625000Preferential Issues2025-02-1451318930002026-09-30trueICRA LimitedfalseNot ApplicableNo CommentsNo CommentsKishor TalrejaCompany Secretary and Compliance OfficerMumbai2026-10-19Preferential Issues2025-10-1737148750002026-09-30trueCARE Ratings Limitedfalse Not Applicable No Comments No CommentsSatisfaction 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 CompanyNot Applicable1850000000018500000000Capital Expenditure for expansion of the Company's existing production capacity for manufacturing of solar glass at its facility situated in Bharuch, GujaratNot Applicable32818930000134400700001) 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). <br /> <br /> 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. <br /> <br /> 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. <br /> Capital Expenditure for expansion of the Company's existing production capacity for manufacturing of solar glass at its facility situated in Bharuch, GujaratNot applicable31734000000113574000001) 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 <br /> General Corporate Purposes Not applicable541475000010000000002) 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.