Borosil Renewables Limited has announced the allotment of 12,52,629 equity shares. These shares were issued upon the conversion of warrants, which were previously allotted on a preferential basis. This conversion results in an increase in the company’s paid-up equity share capital to ₹14,18,44,869, divided into an equal number of shares. The newly allotted shares will rank pari-passu with existing equity shares.
Equity Share Allotment Following Warrant Conversion
Borosil Renewables Limited has officially completed the allotment of 12,52,629 equity shares. This significant issuance stems from the conversion of warrants that were originally allotted on a preferential basis. The decision was approved by the Management Committee of the Board of Directors on July 30, 2026.
Financial Impact and Share Structure
As a direct consequence of this allotment, the company’s paid-up equity share capital has been increased. The total paid-up equity share capital now stands at ₹14,18,44,869, comprising 14,18,44,869 equity shares, each with a face value of Re. 1/-. It is noted that the newly issued equity shares will hold the same rights and privileges as the existing equity shares, ranking pari-passu.
Background on Warrant Allotment
Earlier, on February 14, 2025, the company had informed about the allotment of 78,80,436 warrants. Each warrant was convertible into one fully paid-up equity share of Re. 1/- at an issue price of Rs. 530/- per warrant. Investors had initially paid 25% (Rs. 132.50/-) of the issue price as the subscription price. The remaining 75% (Rs. 397.50/-) was payable at the time of opting for conversion.
List of Allottees
The annexure to the announcement provides a detailed breakdown of the allottees who converted their warrants:
- M7 Global Fund PCCC – ASAS Global Opportunities Fund: 75,471 shares
- Vivek Jain: 1,88,679 shares
- Rajan Kantilal Shah: 37,735 shares
- Raman Chopra: 37,735 shares
- Ravi Shanker Jalan: 37,735 shares
- Shalu Aggarwal: 3,01,886 shares
- NKA Resources LLP: 2,01,258 shares
- Boring AMCS India Inflection Fund: 2,00,000 shares
- Ritaben Satyendrakumar Shah: 94,339 shares
- Niveshaay Hedgehogs LLP: 40,905 shares
- Vinay Jaiprakash Ambekar: 25,566 shares
- Vikram Sonprakash Sharma: 11,320 shares
The company has also confirmed that this information is available on its website, www.borosilrenewables.com.
Source: BSE
