Borosil Renewables Limited will host an in-person meeting with brokers, analysts, portfolio management services (PMS), family offices, and institutional investors on August 20, 2026. The interaction is part of the Kotak Manufacturing Forum 2026 and is scheduled to begin at 1:00 pm.

The company disclosed the schedule pursuant to Regulation 30 read with Para A Part A of Schedule III to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting aims to facilitate individual and group discussions between the company's representatives and the investor community.

Meeting Details

Kishor Talreja, Company Secretary and Compliance Officer, signed the disclosure. The company noted that the schedule is subject to change based on decisions by investors, organizers, or the management team.

Borosil Renewables Limited has released its Annual Report for FY 2025-26, marking a significant operational turnaround on a standalone basis while navigating substantial one-time charges from the insolvency of its German subsidiaries. The Company's 63rd Annual General Meeting is scheduled for Thursday, August 27, 2026, at 11:00 a.m. (IST) through video conferencing.

Standalone Financial Performance

The Company achieved a strong standalone recovery in FY 2025-26, driven by the imposition of provisional anti-dumping duties on solar glass imports from China and Vietnam effective December 4, 2024, a 6% increase in production, and inventory reduction. The following table summarises the key standalone financial metrics:

Exports amounted to ₹11,328.95 lakhs, accounting for 7.38% of turnover, compared to ₹8,711.46 lakhs (7.85% of turnover) in the previous year.

Consolidated Performance

On a consolidated basis, the Group reported a significant improvement in EBITDA despite the closure of overseas operations. Consolidated revenue from operations rose 5.2% to ₹1,55,583.50 lakhs from ₹1,47,932.89 lakhs, while consolidated EBITDA climbed 401.90% to ₹46,596.26 lakhs from ₹9,283.99 lakhs. The table below presents the key consolidated metrics:

Exceptional Items and German Subsidiary Insolvency

The financial year was significantly impacted by exceptional items totalling ₹35,977.85 lakhs on a standalone basis. GMB Glasmanufaktur Brandenburg GmbH filed for insolvency on July 4, 2025, following a complete absence of demand recovery in the European solar glass market. Subsequently, Geosphere Glassworks GmbH filed for voluntary insolvency on December 22, 2025. The Board of Directors decided to write off the entire exposure of ₹32,590.81 lakhs comprising investments, loans (including interest thereon), and other receivables in the German subsidiaries. An additional provision of ₹3,387.04 lakhs was made against the investment in Laxman AG due to impairment in the value of its subsidiary Interfloat Corporation, leaving a balance investment of ₹2,371.82 lakhs. The step-down subsidiaries GMB and Geosphere were deconsolidated from the consolidated financial statements with effect from July 4, 2025 and December 22, 2025, respectively.

Capital Raising and Share Capital

During FY 2025-26, the Company undertook two significant capital-raising activities. The following table summarises the key details:

Additionally, 5,412 equity shares were allotted upon exercise of stock options under the Borosil Employee Stock Option Scheme 2017. The Board has not recommended any dividend for FY 2025-26 in order to conserve resources for future growth.

Key Financial Ratios (Standalone)

The following table presents significant changes in key standalone financial ratios:

Sustainability and Renewable Energy

The Company commissioned a 16.5 MW wind-solar hybrid power plant in March 2026 under a group captive mechanism, taking its renewable energy share to nearly 75% of power requirements. The share of electricity consumption from renewable sources increased from 21.66% in FY 2024-25 to 29.23% in FY 2025-26. Total Scope 1 and Scope 2 GHG emissions stood at 2,06,517.51 tCO2e for FY 2025-26 compared to 1,91,071.46 tCO2e in FY 2024-25. Key sustainability metrics for FY 2025-26 include:

CSR spending of ₹108.96 lakhs was directed towards the construction of 342 borewells under the Jal Sanchay Jan Bhagidari initiative of the Ministry of Jal Shakti in Bharuch district and its vicinity areas in Gujarat, against a CSR obligation of ₹95.14 lakhs, resulting in an excess spend of ₹13.82 lakhs.

Innovation and Market Position

Borosil Renewables maintains its position as India's largest manufacturer of low-iron textured solar glass and the world's largest solar glass producer outside China, with a standalone solar glass production capacity of 1,000 tons per day (TPD) at its Bharuch, Gujarat facility. The Company's 2 mm solar glass has emerged as a flagship offering aligned with the industry's transition toward bifacial and glass-glass modules. During the year, the Company also entered the rooftop solar segment by offering Borosil-branded solar panels, inverters, and lithium battery storage solutions. India added a record 44.6 GW of solar capacity in FY 2025-26 and crossed the 150 GW milestone in installed solar capacity, reaching 150.26 GW as of March 31, 2026, providing a strong demand backdrop for the Company's products.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE666D01022/14cc2066947743dd.pdf