Board Meeting12 May 2026, 02:59 pm
Borosil Renewables: Board Approves ₹750 Cr Fundraise
AI Summary
The Board of Directors of Borosil Renewables Ltd approved the audited financial results for the year ended March 31, 2026, and re-appointed Mr. Sunil Roongta as Whole-Time Director & Key Managerial Personnel. The board also approved seeking shareholders’ approval for raising funds up to ₹750 crores through various modes. Additionally, M/s. Chaturvedi & Shah LLP were re-appointed as Statutory Auditors for a second term of five years, subject to shareholder approval. The company will also start a new division to sell Rooftop Solar Solutions.
Key Highlights
- Audited financial results for FY26 approved with unmodified opinion from auditors.
- Board approves seeking shareholder nod to raise up to ₹750 crores.
- Sunil Roongta re-appointed as Whole-Time Director & KMP from May 27, 2027.
- Chaturvedi & Shah LLP re-appointed as Statutory Auditors for five years.
- Borosil to start a new division for Rooftop Solar Solutions.