BOROSIL RENEWABLES LIMITED — Board Meeting, 23-07-2025: Outcome of Board Meeting

Borosil Renewables' board has announced a meeting where it approved Q1 standalone financial results. Revenue stood at Rs 332.26 Cr. The company booked a significant one-time provision of Rs 325.91 Cr due to the insolvency of its German step-down subsidiary, resulting in a net loss of Rs 272.35 Cr for the quarter. Consolidated results will be released later.

The board also approved a fundraising plan to issue up to 70.94 lakh equity shares at Rs 535 each via a preferential issue, aiming to raise Rs 379.52 Cr. Shareholder approval will be sought at an Extra Ordinary General Meeting on August 14.