Borosil Ltd AGM approves ₹250 crore fund raise proposal
- Borosil Limited held its 16th AGM on September 24, 2026, via VC/OAVM
- Shareholders considered a proposal to raise up to ₹250 crore through securities issues
- M/s. Chaturvedi & Shah LLP re-appointed as Statutory Auditor for FY26
- Remuneration terms for Managing Director Shreevar Kheruka approved for continuation
*this image is generated using AI for illustrative purposes only.
Borosil Limited held its 16th Annual General Meeting on September 24, 2026, where shareholders considered a proposal to raise funds through further issues of securities up to ₹250 crore.
The meeting was conducted through Video Conference and Other Audio-Visual Means, commencing at 11:00 am and concluding at 12:05 pm. The agenda included the adoption of audited standalone and consolidated financial statements for FY26, alongside several special resolutions regarding employee stock options and related party transactions.
Key Resolutions and Agenda Items
Shareholders reviewed both ordinary and special business items outlined in the notice dated August 14, 2026. The ordinary business focused on governance continuity and financial reporting, while the special business addressed capital structure and compensation adjustments.
| Business Type | Resolution Item |
|---|---|
| Ordinary | Adoption of audited standalone and consolidated financial statements for FY26 |
| Ordinary | Re-appointment of Mr. Rajesh Kumar Chaudhary (DIN: 07425111) as director |
| Ordinary | Re-appointment of M/s. Chaturvedi & Shah LLP as Statutory Auditor |
| Special | Approval of Material Related Party Transactions with Borosil Scientific Limited |
| Special | Continuation of remuneration terms for Mr. Shreevar Kheruka, Managing Director |
| Special | Raising funds through further issue(s) of securities up to ₹250 crore |
| Special | Amendments to 'Borosil Limited - Employee Stock Option Scheme 2020' |
| Special | Secondary acquisition of shares through trust route for ESOS 2020 implementation |
| Special | Provision of money by the Company for purchase of its own shares by the trust |
Meeting Proceedings and Voting
The meeting was chaired by Mr. Pradeep Kumar Kheruka, Chairman of the company. He briefed shareholders on business affairs and performance highlights for FY26. The requisite quorum was present, allowing the meeting to proceed to order.
Remote e-voting commenced at 9:00 am on September 21, 2026, and concluded at 5:00 pm on September 23, 2026. During the meeting, e-voting facilities were made available to participants who had not voted remotely. Mr. Dhruvil M. Shah of M/s. Dhruvil M. Shah & Co. LLP served as the scrutiniser to ensure a fair and transparent voting process.
The final e-voting results, including remote and during-meeting votes, along with the Consolidated Scrutiniser's Report, will be intimated separately in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Historical Stock Returns for Borosil
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.93% | +7.39% | +4.26% | +22.91% | -29.07% | +46.87% |
How will the ₹250 crore capital raise impact Borosil Limited's debt-to-equity ratio and overall balance sheet strength in FY27?
What specific growth initiatives or capacity expansions is Borosil targeting with the proceeds from the proposed securities issue?
How might the approved amendments to the Employee Stock Option Scheme 2020 influence employee retention and talent acquisition in the glassware sector?
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