Shreevar Kheruka, Promoter and Vice Chairman of Borosil Renewables Limited, has increased his shareholding in the company through an open market acquisition. On March 30, 2026, he purchased 52,577 equity shares, reinforcing his commitment to the firm. This transaction brings the total promoter and promoter group holding to 8,24,48,061 shares, representing 58.81% of the company’s total paid-up share capital.
Details of Share Acquisition
In a recent disclosure, Borosil Renewables confirmed that Shreevar Kheruka acquired 52,577 equity shares of the company via the open market. The transaction took place on March 30, 2026. This acquisition marks a strategic move by the promoter, further consolidating his interest in the company.
Impact on Shareholding Structure
Following this purchase, the aggregate holding of the promoter and persons acting in concert (PAC) has risen to 8,24,48,061 shares. This shift has adjusted the total promoter group stake to 58.81% of the total voting capital, based on an equity share capital of 14,01,88,845 shares of Re. 1 each. On a fully diluted basis, the promoters now hold 55.74% of the company’s capital.
Promoter Group Stability
The promoter group continues to maintain a strong presence, with key entities including the Bajrang Lal Family Trust and the Pradeep Kumar Family Trust, each holding significant stakes of 18.27%. This consistent pattern of internal investment underscores the management’s continued confidence in the company’s long-term growth prospects and operational direction.
Source: BSE
