Borosil Limited has announced a significant change in its leadership structure following a Board meeting held on May 19, 2026. The company has appointed Mr. Rituraj Sharma as its Chief Executive Officer (Key Managerial Personnel), effective May 20, 2026. Concurrently, Mr. Shreevar Kheruka has been re-designated from his previous role of Managing Director & Chief Executive Officer to the position of Managing Director.

The decision to appoint Mr. Sharma was based on the recommendation of the Nomination and Remuneration Committee. Mr. Sharma brings over 20 years of association with the company, having served as President & Senior Management Personnel prior to this elevation. His extensive experience spans business operations, sales, distribution, marketing, and strategic management.

Leadership Profiles

Mr. Rituraj Sharma is a management graduate from the University of Bombay and has completed a Senior Management Program from the Indian Institute of Management Ahmedabad (IIM Ahmedabad). During his tenure, he has led key strategic initiatives including new category introductions, sales transformation, and technology adoption.

Mr. Shreevar Kheruka, who steps down from the CEO role to serve as Managing Director, is the son of Mr. Pradeep Kumar Kheruka, the Non-Executive Chairman of the company. The company confirmed that there is no change in the composition of the Board of Directors resulting from these appointments.

The re-designation and appointment were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Borosil Limited's promoter Pradeep Kumar Kheruka has submitted a formal declaration to stock exchanges and the company's Audit Committee, confirming that the promoters and persons acting in concert (PAC) have not created any encumbrance on their equity shareholding in Borosil Limited during the financial year ended March 31, 2026. The declaration was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and was filed on April 2, 2026.

Declaration Details

The declaration, signed by Pradeep Kumar Kheruka in his capacity as Promoter of Borosil Limited, confirms that neither directly nor indirectly has any encumbrance been made on the equity shares held by the promoter group during the financial year ended March 31, 2026. It further states that as on March 31, 2026, NIL number of equity shares of Borosil Limited are encumbered by the promoters and PAC.

The filing was submitted to the following authorities:

• BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai – 400 001
• National Stock Exchange of India Ltd, Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051
• Audit Committee of Borosil Limited, 1101, Crescenzo, G-Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400051

Persons Acting in Concert (PAC)

The declaration covers Pradeep Kumar Kheruka along with the following persons acting in concert, as listed in the enclosure submitted with the filing:

Regulatory Context

The declaration is a mandatory annual compliance requirement under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters and PAC to confirm to the stock exchanges and the company's audit committee whether any encumbrance has been created on their shareholding during the preceding financial year. The confirmation of NIL encumbrance indicates that the promoter group's equity holdings in Borosil Limited remain free of any pledge or other encumbrance as of the close of the financial year ended March 31, 2026.