Borosil Renewables shareholders approved all seven resolutions at its 63rd Annual General Meeting held on August 27, 2026. The company secured overwhelming support for a special resolution to raise funds via equity shares, while also adopting audited financial statements for FY26.

The virtual meeting commenced at 11:00 am and concluded at 11:52 am. Mr. Pradeep Kumar Kheruka, Chairman, chaired the proceedings except for item number two, where he was deemed interested. For that specific item, Independent Director Mr. Raj Kumar Jain chaired the session.

Voting Participation

Out of 2,28,027 shareholders on the record date (August 20, 2026), participation was driven primarily by institutional investors. Promoters held 8,24,48,061 shares and polled votes representing 99.9977% of their holdings. Public institutions held 1,30,42,107 shares, with a polling rate of 77.0466%. In contrast, public non-institutions held 5,16,93,541 shares but had a polling rate of just 0.9759%.

A total of 94 shareholders attended via video conferencing (12 promoters, 82 public).

Key Resolutions Passed

Shareholders voted on several ordinary and special business items. The ordinary resolutions included:

• Adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026.
• Re-appointment of Mr. Pradeep Kumar Kheruka as a director retiring by rotation.
• Re-appointment of M/s Chaturvedi & Shah LLP as Statutory Auditors for a second term of five consecutive years.

The special resolutions approved by shareholders covered:

• Ratification of remuneration for Cost Auditors.
• Approval of remuneration for Mr. Ashok Jain, Non-Executive Non-Independent Director, for FY27.
• Authorization to raise funds via equity shares or securities.
• Re-appointment of Mr. Sunil Roongta as Whole Time Director and Key Managerial Personnel from May 27, 2027, to July 22, 2029.

Resolution-wise Voting Results

All resolutions were passed with the requisite majority. The detailed voting breakdown is provided below:

Institutional Dissent on Chairman's Reappointment

While most resolutions saw near-unanimous support, the re-appointment of Chairman Mr. Pradeep Kumar Kheruka faced notable opposition from institutional investors. Public institutions voted 38,94,674 shares against the resolution, representing 38.7588% of their polled votes. However, promoter support at 100% and strong backing from public non-institutions (99.1132% in favour) ensured the resolution passed with an overall 95.8073% approval.

Similarly, the remuneration resolution for Mr. Ashok Jain saw 52.9497% opposition from public institutions, though it still passed overall due to promoter support.

Meeting Proceedings

The company provided shareholders with updates on business performance highlights for FY26. Remote e-voting was available from August 24, 2026, to August 26, 2026. Voting facilities remained open during the meeting for those who had not voted remotely.

A Q&A session allowed shareholders to address queries, which were answered by management. The e-voting results and scrutiniser's report, submitted by Dhruvil M. Shah & Co. LLP, are now available on the company website and stock exchanges.

Borosil Renewables Limited will host company representatives for interactions with brokers, analysts, portfolio management services (PMS), family offices, and other institutional investors. The engagement is scheduled to take place in person at the DAM Capital Renewable Energy Conference.

The meeting is set for Thursday, August 27, 2026, starting at 1:30 pm. Interactions will be conducted through individual or group meets, allowing participants to engage directly with management.

Meeting Details

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 event is open to a wide range of financial stakeholders.

Kishor Talreja, Company Secretary and Compliance Officer, issued the intimation on August 20, 2026. The company noted that the conference schedule is subject to change based on decisions by investors, organizers, or the management team.