Borosil Renewables Executive Chairman gives business update on NDTV Profit

Borosil Renewables Executive Chairman Pradeep Kumar Kheruka provided a general business update in an interview broadcast on NDTV Profit on June 03, 2026. The discussion aimed to inform stakeholders about the company's current operational status and strategic direction.

Key Discussion Points

The interview centered on the company's general business update. Management utilized the platform to communicate recent developments and the overall health of the organization to the investing public.

Availability

The complete interview is accessible via the official link provided by the company. This dissemination ensures that the information reaches a broad audience of investors and market participants.

Detail	Information
Executive	Pradeep Kumar Kheruka, Executive Chairman
Platform	NDTV Profit
Date	June 03, 2026
Topic	General business update

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+8.63%	+6.89%	+8.59%	-3.58%	-2.31%	+103.17%

Borosil Renewables Limited has received a Show Cause Notice from the Office of Commissioner of Customs (NS-V), Jawaharlal Nehru Customs House, Nhava Sheva, alleging a short payment of customs duties totaling ₹13.30 crores. The notice, dated May 15, 2026, questions the tariff classification of two specific capital goods items imported by the company and demands the amount with interest and penalty. The company is currently evaluating the matter and plans to submit its response within the stipulated timeframe.

The notice was issued under the Customs Act, 1962, and specifically addresses the classification of imports. Authorities have enquired why the demanded duty amount, along with applicable interest and penalty, should not be recovered from the company. The disclosure was made to the stock exchanges on June 01, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Detail	Information
Regulatory Authority	Office of Commissioner of Customs (NS-V), JNCH, Nhava Sheva
Notice Date	May 15, 2026
Alleged Short Payment	₹13.30 crores
Nature of Dispute	Tariff classification of two capital goods items
Relevant Act	Customs Act, 1962

The company has confirmed that the alleged short payment relates exclusively to the import of two capital goods items. Management is reviewing the contents of the notice to determine the appropriate course of action. Borosil Renewables intends to file a detailed reply to the authorities within the prescribed time period to address the allegations.

This development highlights the regulatory scrutiny faced by companies regarding import duties and classifications. The final outcome will depend on the company's response and the subsequent decision by the customs authorities.