Borana Weaves Limited has informed the exchanges that the commissioning of its 9.9 MW Hybrid Power Project at Kalikanagar, Gujarat, has been delayed to the end of August 2026. The project was previously scheduled for commissioning by May 31, 2026. This delay impacts the company's operational timeline for the renewable energy initiative. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Project Details

The following table summarises the key details of the delayed hybrid power project:

Reasons for Delay

The company received a communication dated June 18, 2026, from Clean Max Enviro Energy Solutions Limited, the project developer, outlining the revised timeline. Clean Max Enviro Energy Solutions Limited cited several factors for the delay. High wind speeds halted the erection of Wind Turbine Generators (WTG). Additionally, a shortage of fuel at the site and the inability to secure timely shutdowns of existing 33 KV and 11 KV lines from a private developer and GETCO/PGVCL for 33 KV transmission line work contributed to the postponement.

The communication from the project manager at Clean Max Enviro Energy Solutions Limited confirmed that the revised timeline is tentative and subject to the completion of the pending transmission line work and resolution of the site constraints.

Borana Weaves Limited reported a 60.7% increase in net profit to ₹646.12 crore for the financial year ended March 31, 2026, driven by a 33.9% rise in revenue from operations to ₹3,885.93 crore. The company submitted the Standalone Auditor's Report to the National Stock Exchange of India Limited, confirming an unmodified audit opinion on the standalone financial statements. For the quarter ended March 31, 2026, net profit stood at ₹172.07 crore, while revenue from operations was ₹1,007.32 crore.

The Board of Directors approved the audited financial results at its meeting held on May 14, 2026. The statutory auditors, M/s KSA & Co., Chartered Accountants, issued an unmodified opinion on the quarterly and year-to-date results. The company acknowledged that the initial submission of financial results was not in the format prescribed under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and has since revised the filing to align with regulatory standards.

Total assets for the year ended March 31, 2026, stood at ₹3,663.69 crore, a significant increase from ₹1,559.45 crore in the previous year. This growth was primarily attributed to a rise in property, plant and equipment to ₹1,464.89 crore and capital work-in-progress of ₹809.36 crore. Equity share capital increased to ₹266.45 crore from ₹199.37 crore in the prior year.

The company's cash flow from operating activities improved to ₹369.65 crore in FY26 from ₹226.40 crore in FY25. However, cash used in investing activities surged to ₹1,786.88 crore, largely due to capital expenditure. Proceeds from the IPO contributed to net cash from financing activities, which totaled ₹1,433.68 crore.

Financial Performance for FY26

Quarterly Performance for Q4FY26

The earnings per share (EPS) for the year ended March 31, 2026, increased to ₹24.35 from ₹20.14 in the previous year. The company operates in a single reportable segment, Textile, as per Ind AS 108.