Borosil Renewables Allots 94,338 Equity Shares on Warrant Conversion

Borosil Renewables has announced the allotment of 94,338 equity shares following the conversion of warrants by specific holders. This decision was approved by the Management Committee of the Board of Directors during a meeting held on May 08, 2026. The allotment is pursuant to the provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Background of the Allotment

The company had previously informed the exchanges regarding the allotment of 78,80,436 warrants on a preferential basis to persons belonging to the non-promoter category. Each warrant was convertible into one fully paid-up equity share of Re. 1/- each. The issue price was fixed at Rs. 530/- per warrant. At the time of the initial warrant allotment, holders had paid 25% of the issue price, amounting to Rs. 132.50/- per warrant. The remaining 75%, or Rs. 397.50/- per warrant, was payable at the time of conversion.

Details of the Conversion

Upon receiving conversion notices and the balance payment from certain warrant holders, the company approved the conversion of 94,338 warrants into an equal number of fully paid-up equity shares. The table below details the specific allotment made to the warrant holders who opted for conversion.

Sr. No.	Name of the Allottee	No. of Warrants Opted for Conversion	No. of Fully Paid-Up Equity Shares Allotted
1	Brescon Ventures Private Limited	66,037	66,037
2	Trinity Credit Management Services LLP	28,301	28,301
Total		94,338	94,338

Impact on Capital Structure

Following this allotment, the paid-up equity share capital of Borosil Renewables has increased. The capital now stands at Rs. 14,02,83,183, divided into 14,02,83,183 equity shares of face value Re. 1/- each. The newly allotted shares will rank pari-passu with the existing equity shares of the company, ensuring equal rights and privileges.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.15%	-2.62%	-2.91%	-15.09%	-7.83%	+77.11%

Pradeep Kumar Kheruka, promoter of borosil renewables Limited, has submitted a formal declaration dated April 02, 2026, confirming that no encumbrance or pledge was created on the equity shares held by the promoters and persons acting in concert (PAC) during the financial year ended March 31, 2026. The declaration was filed in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Declaration Details

The filing was addressed to BSE Limited, the National Stock Exchange of India Ltd, and the Audit Committee of Borosil Renewables Limited. The declaration covers the entire financial year ended March 31, 2026, and confirms that the promoter group neither directly nor indirectly created any encumbrance on their equity shareholding in the company during this period.

The key details of the declaration are summarised below:

Parameter:	Details
Declaration Date:	April 02, 2026
Financial Year Covered:	Ended March 31, 2026
Declarant:	Pradeep Kumar Kheruka, Promoter
Regulation:	Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
Encumbered/Pledged Shares:	NIL
Scope:	Promoters and Persons Acting in Concert (PAC)

Regulatory Compliance

Under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, promoters of listed companies are required to submit an annual declaration confirming the status of encumbrance on their shareholding. This declaration ensures transparency regarding any pledging or hypothecation of promoter-held shares, which is considered a key indicator of promoter confidence and financial stability.

Kheruka confirmed on behalf of himself and all other promoters that as on March 31, 2026, NIL number of equity shares of Borosil Renewables Limited are encumbered or pledged by the promoter group. The declaration was submitted to the relevant stock exchanges and the company's Audit Committee for their records.