Borosil Renewables increased its reliance on clean energy sources during FY 2025-26, raising the share of renewable electricity consumption to 29.23% from 21.66% in FY 2024-25. The Mumbai-based solar glass manufacturer achieved this milestone by expanding its captive power infrastructure, including the commissioning of a 16.5 MW wind-solar hybrid plant in March 2026. This addition complements its existing 10 MW wind-solar hybrid power plant and a 1.5 MW wind farm. The disclosure was made on July 30, 2026, pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company’s sustainability efforts extend beyond energy sourcing to include significant changes in manufacturing inputs and waste management. Borosil Renewables has eliminated the use of antimony, a hazardous material, from its solar glass products, aligning with global standards for safer manufacturing. Additionally, the firm transitioned to recyclable packaging solutions and reusable steel pallets, recovering 37.15% of steel pallets and 3.13% of wooden pallets from customers. These initiatives support the company’s zero-waste solar glass manufacturing goal, where all broken or rejected glass (culets) are reused in the production process.

Environmental Performance Metrics

The report provides detailed data on the company’s environmental footprint, showing a reduction in total energy consumption despite operational scale. Total energy consumed fell to 23,06,991.24 GJ in FY 2025-26 from 26,10,098.00 GJ in the previous year. While renewable energy usage grew, non-renewable energy consumption declined significantly.

Greenhouse gas emissions saw a slight increase, with total Scope 1 and Scope 2 emissions rising to 2,06,517.51 tCO2e from 1,91,071.46 tCO2e. However, emission intensity per rupee of turnover improved, dropping to 1.35 tCO2e/Rupee lakhs from 1.72 in the prior year. Water withdrawal at the Jhagadia plant in Bharuch, Gujarat, decreased to 3,64,684.00 kilolitres from 3,99,833.00 kilolitres, reflecting enhanced water efficiency through Zero Liquid Discharge (ZLD) mechanisms.

Governance and Compliance Disclosures

In terms of governance, Borosil Renewables reported no violations of its Code of Conduct during the year. Approximately 76% of employees were covered by training initiatives related to the Code of Ethics, whistleblower mechanisms, and safety protocols. The company maintained an ombudsman mechanism for grievance redressal and conducted 19 structured training sessions for over 500 employees.

However, the report discloses a monetary penalty of ₹1,00,300 (inclusive of GST) paid to each stock exchange, BSE Limited and National Stock Exchange of India Limited, under Principle 1 for the delay in submission of financial results within prescribed timelines. No appeal was preferred against this penalty. The company emphasized that its Anti-Bribery and Anti-Corruption (ABAC) policy maintains a zero-tolerance approach, with no disciplinary actions taken against directors or employees for bribery or corruption charges in FY 2025-26.

Social Responsibility and Employee Well-being

Borosil Renewables highlighted its focus on employee welfare, achieving an average of 17.3 training man-hours per employee. All permanent employees underwent annual health assessments. The company’s Corporate Social Responsibility (CSR) spending included a contribution of ₹108.96 lakhs towards the construction of 342 borewells under the Jal Sanchay Jan Bhagidari initiative in Gujarat. The firm also reported zero fatalities and a Lost Time Injury Frequency Rate (LTIFR) of 2.39 for employees and 2.29 for workers, indicating a stable safety record.

Borosil Renewables Limited has scheduled its 63rd Annual General Meeting (AGM) for Thursday, August 27, 2026, at 11:00 a.m. IST. The meeting will be conducted through Video Conferencing (VC) facilities, adhering to the applicable circulars issued by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI). This procedural update ensures shareholders can participate remotely while maintaining regulatory compliance.

In compliance with MCA and SEBI guidelines, the Annual Report for the financial year 2025-26, including the Notice of the AGM, will be sent electronically to all shareholders holding shares as on Friday, July 24, 2026, whose email addresses are registered with the Registrar and Transfer Agent or Depositories. The report and notice will also be available on the company’s website at www.borosilrenewables.com .

For shareholders who do not have registered email addresses with the Registrar and Transfer Agent or Depositories as of the record date, the company will send letters containing a web link to access the Annual Report and AGM Notice. This measure is taken in compliance with Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring equitable access to information for all stakeholders.

The company is providing shareholders with the facility to exercise their voting rights through electronic means, encompassing both remote e-voting and e-voting during the AGM. The remote e-voting window will commence on Monday, August 24, 2026, at 09:00 a.m. IST and conclude on Wednesday, August 26, 2026, at 05:00 p.m. IST. Detailed instructions on casting votes via the e-voting facility, attending the AGM through VC, and updating email or bank account details are provided in the Notice of the AGM.

Eligibility to avail the e-voting facility and attend the AGM is restricted to shareholders whose names appear in the Register of Members or the Register of Beneficial Owners maintained by the Registrar and Transfer Agent or Depositories as on the cut-off date of Thursday, August 20, 2026. Voting rights will be proportional to the shareholding in the paid-up share capital as of this cut-off date.

Key Dates and Details

The announcement was signed by Kishor Talreja, Company Secretary & Compliance Officer, on July 28, 2026.