BOROSIL RENEWABLES LIMITED — QIP/Rights/Pref., 14-02-2025: Allotment of Securities

Borosil Renewables Limited has approved the allotment of 18,86,793 equity shares to Promoter Group members and 78,80,436 warrants to Non-Promoter category investors on a preferential basis. The equity shares are issued at ₹530 each, leading to a total raise of approximately ₹99.95 crore. The warrants may be converted into equity shares within 18 months at the same price, with the overall paid-up capital now totaling ₹132.47 crore, divided into 13,24,66,748 equity shares of face value ₹1 each. This move is intended to bolster the company’s capital base and support its growth initiatives.