BOROSIL RENEWABLES LIMITED — Others, 10-05-2025: Change in Management

Borosil Renewables has announced a board meeting to approve the financial results for the quarter and half-year, reporting a standalone profit of Rs. 33.13 Cr versus losses last year, supported by a 32.7% rise in quarterly revenue to Rs. 327.23 Cr. The company raised Rs. 500 Cr through a shareholder-approved fund raise, using Rs. 185 Cr to clear liabilities of its German subsidiary GMB Glasmanufaktur Brandenburg GmbH, whose operations remain suspended but are expected to revive with upcoming government incentives. Board approved re-designation of Mr. Ashok Jain as Non-Executive Director after July 2025 and appointment of M/s. Dhrumil M. Shah & Co. LLP as Secretarial Auditor. Focus remains on flat glass manufacturing, with plans to restart coated solar glass sales via imported raw materials.