Borosil Renewables Limited has successfully completed the conversion of 94,338 warrants into fully paid-up equity shares. The allotment was approved by the Board’s Management Committee on May 8, 2026, following the receipt of the balance 75% payment from specific warrant holders. This strategic move increases the company’s total paid-up equity capital to Rs. 14,02,83,183, further strengthening its financial structure as the entity continues its expansion in the renewable energy sector.
Warrant Conversion Overview
Borosil Renewables Limited has announced the successful conversion of warrants into equity shares, marking a significant step in its capital management strategy. Following the receipt of the full conversion notice and the remaining 75% payment (Rs. 397.50 per warrant) from eligible investors, the company has officially allotted 94,338 equity shares with a face value of Re. 1/- each.
Details of Allotment
The conversion process involved two key entities that opted to exercise their rights. The allotment breakdown is as follows:
- Brescon Ventures Private Limited: 66,037 equity shares
- Trinity Credit Management Services LLP: 28,301 equity shares
These new shares are fully paid-up and rank pari-passu with all existing equity shares of the company, ensuring equal rights and benefits for the new shareholders.
Impact on Share Capital
As a result of this allotment, the company’s paid-up equity share capital has increased to Rs. 14,02,83,183. This adjustment reflects the ongoing conversion of the 78,80,436 warrants originally issued on a preferential basis in February 2025. This capital infusion demonstrates continued investor confidence in the company’s growth trajectory and its commitment to scaling renewable energy operations.
Source: BSE
