Borosil Renewables Limited Allots 94,338 Equity Shares on Warrant Conversion

borosil renewables has announced the allotment of 94,338 equity shares following the conversion of warrants by specific holders. This decision was approved by the Management Committee of the Board of Directors during a meeting held on May 08, 2026. The allotment is pursuant to the provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Background of the Allotment

The company had previously informed the exchanges regarding the allotment of 78,80,436 warrants on a preferential basis to persons belonging to the non-promoter category. Each warrant was convertible into one fully paid-up equity share of Re. 1/- each. The issue price was fixed at Rs. 530/- per warrant. At the time of the initial warrant allotment, holders had paid 25% of the issue price, amounting to Rs. 132.50/- per warrant. The remaining 75%, or Rs. 397.50/- per warrant, was payable at the time of conversion.

Details of the Conversion

Upon receiving conversion notices and the balance payment from certain warrant holders, the company approved the conversion of 94,338 warrants into an equal number of fully paid-up equity shares. The table below details the specific allotment made to the warrant holders who opted for conversion.

Sr. No. Name of the Allottee No. of warrants opted for conversion No. of fully paid-up equity shares allotted 1 Brescon Ventures Private Limited 66,037 66,037 2 Trinity Credit Management Services LLP 28,301 28,301 Total 94,338 94,338

Impact on Capital Structure

Following this allotment, the paid-up equity share capital of Borosil Renewables Limited has increased. The capital now stands at Rs. 14,02,83,183, divided into 14,02,83,183 equity shares of face value Re. 1/- each. The newly allotted shares will rank pari-passu with the existing equity shares of the company, ensuring equal rights and privileges.

Borosil Renewables has notified the stock exchanges that its Board of Directors will meet on Tuesday, May 12, 2026. The meeting, held pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, will consider the audited financial results for the quarter and financial year ended March 31, 2026. Additionally, the Board will deliberate on an enabling resolution for raising funds through various modes such as Qualified Institutions Placement (QIP) or Foreign Currency Convertible Bonds (FCCBs).

Following the financial results announcement, the company has scheduled a conference call with analysts and investors on Wednesday, May 13, 2026, at 4:00 p.m. IST. The call will be led by Mr. Sumit Kishore of Axis Capital and will feature a management discussion including Executive Chairman Mr. P.K. Kheruka and CEO Mr. Melwyn Moses.

Conference Call Details

The management team will discuss the earnings performance for the period ending March 31, 2026, followed by an interactive Q&A session.

Agenda Item Details Date Wednesday, May 13, 2026 Time 4:00 PM IST Call Leader Mr. Sumit Kishore, Axis Capital

Participants can dial in using the universal access number +91 22 6280 1145 or international toll-free numbers for Hong Kong, Singapore, the UK, and the USA.

Board Meeting Agenda

The Board meeting on May 12, 2026, will address the following key items:

Agenda Item Details Financial Results Audited Financial Results (Standalone & Consolidated) for Q4 and FY26 Fund-Raising Enabling resolution for shareholder approval to raise funds

Trading Window Closure

The Trading Window for dealing in the company's equity shares has been closed for Designated Persons and their immediate relatives from April 01, 2026. It will reopen 48 hours after the declaration of the audited financial results. The intimation was signed by Kishor Talreja, Company Secretary and Compliance Officer.

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