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.

Borosil Limited has announced the allotment of 5,500 equity shares under its Employee Stock Option Scheme 2020, following the exercise of vested stock options by employees. The ESOP Share Allotment Committee approved this allotment through a circular resolution passed on April 28, 2026.

Share Allotment Details

The allotment comprises 5,500 equity shares with a face value of Re. 1 each, issued under the 'Borosil Limited – Employee Stock Option Scheme 2020' (NEW ESOS 2020). The key parameters of this allotment are presented below:

Impact on Share Capital

Following this allotment, the company's capital structure has been updated accordingly. The issued and paid-up equity share capital now stands at Rs. 11,95,87,629, divided into 11,95,87,629 equity shares of face value Re. 1 each.

Regulatory Approvals

The company had previously secured necessary regulatory approvals for this ESOP scheme from both major stock exchanges:

• National Stock Exchange of India Limited: In-principle approval received vide letter no. NSE/LIST/27500 dated July 08, 2021
• BSE Limited: In-principle approval received vide letter no. DCS/FL/MJ/ESOP-IP/1353/2021-22 dated July 19, 2021

Share Characteristics

The newly allotted equity shares rank pari-passu with existing equity shares and are identical in all respects, including dividend payment rights and other shareholder benefits. The shares are issued in demat form and carry no lock-in restrictions. The company has filed the required disclosures under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 10(c) of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.