BOROSIL RENEWABLES LIMITED — Others, 10-05-2025: Monitoring Agency Report

Borosil Renewables has announced a board meeting on the financial results for the quarter and half-year. The company utilized INR 185 Cr from its preferential issue proceeds to back a standby letter of credit for its subsidiary GMB Glasmanufaktur Brandenburg GmbH. Approximately INR 332.66 Cr remains designated for expanding solar glass manufacturing capacity at Bharuch, Gujarat. Around INR 20.14 Cr of unutilized funds are parked in liquid mutual funds. Utilization aligns with the intended purposes, with no reported delays or deviations, supporting the company’s growth plans and operational stability.