Borosil Renewables Limited has announced its audited financial results for the quarter and year ended March 31, 2026. The company reported a total income of Rs. 1,558.20 crore for the full year. Key corporate highlights include board approval to raise up to Rs. 750 crore via various financial instruments and the launch of a new Rooftop Solar Solutions division to bolster existing business operations.
Financial Performance Overview
For the financial year ended March 31, 2026, Borosil Renewables reported a total standalone income of Rs. 1,558.20 crore, compared to Rs. 1,126.43 crore in the previous year. The standalone profit for the period/year stood at Rs. 20.74 crore. The consolidated results reflect the significant impact of the insolvency proceedings of its German subsidiaries, GMB Glasmanufaktur Brandenburg GmbH and Geosphere Glassworks GmbH, which led to their deconsolidation.
Strategic Fund Raising and Business Expansion
The Board of Directors has approved a proposal to raise funds up to Rs. 750 crore. This capital will be raised through various modes, including a Further public offer, Global Depository Receipts, Foreign Currency Convertible Bonds, or Qualified institutions placement, as deemed appropriate by the board to support future growth requirements.
Additionally, the company is diversifying its service offerings by establishing a dedicated new division focused on the Rooftop Solar Solutions market. This initiative is aimed at enhancing the existing business portfolio and capturing emerging demand in the solar sector.
Leadership Updates
The company announced the re-appointment of Mr. Sunil Roongta as the Whole-Time Director & Key Managerial Personnel. His new term is set to commence on May 27, 2027, and continue until July 22, 2029. Mr. Roongta will continue to serve in his dual capacity, maintaining his current role as the Chief Financial Officer of the company.
Audit and Governance
The board also approved the re-appointment of M/s. Chaturvedi & Shah LLP as the Statutory Auditors for a second term of five consecutive years. This term will extend from the conclusion of the 63rd Annual General Meeting through the conclusion of the 68th Annual General Meeting in 2031.
Source: BSE
