Borosil Scientific Limited held its 35th Annual General Meeting on September 25, 2026, through Video Conference and Other Audio-Visual Means. The meeting addressed the adoption of financial statements for FY26 and several special business items.

The AGM commenced at 11:00 am and concluded at 12:09 pm. Kewal Kundanlal Handa, Independent Director and Chairman of the Board, chaired the session. All Board members, senior management, and representatives of the Statutory Auditor were present. The meeting was conducted in compliance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Ordinary business resolutions

Shareholders considered the audited standalone and consolidated financial statements for the financial year ended March 31, 2026. The Board of Directors' reports and Statutory Auditor's reports were also adopted. Additionally, Pradeep Kumar Kheruka was re-appointed as a director retiring by rotation.

Special business and strategic approvals

The meeting focused significantly on governance and capital structure updates. Members voted on material related party transactions with Borosil Limited and the re-appointment of Vinayak Madhukar Patankar as Whole-time Director & CEO. A special resolution was also passed regarding his remuneration.

Key strategic approvals included:

• Raising funds by way of issuance of Equity Shares or Securities
• Amendments to Employee Stock Option Schemes
• Secondary acquisition of shares through Trust route for ESOP implementation
• Provision of money for purchase of own shares by the Trust under ESOPs

Voting and compliance details

Remote e-voting commenced on September 22, 2026, at 9:00 am and concluded on September 24, 2026, at 5:00 pm. E-voting facilities were also available during the live AGM session. Dhrumil M. Shah served as the scrutiniser to ensure a fair and transparent voting process. The e-voting results and the Consolidated Scrutiniser's Report will be intimated separately and placed on company and exchange websites.

Borosil Scientific Ltd has accepted the resignation of Kailash Motwani, who served as Head - Operations and was designated as Senior Management Personnel (SMP). The cessation is effective immediately, dated September 23, 2026.

Motwani also held the position of Associate Vice President at Goel Scientific Glass Works Limited, a material subsidiary of Borosil. His departure stems from personal reasons, as disclosed in the company's regulatory filing to BSE and NSE under Regulation 30 of the SEBI Listing Regulations.

Regulatory Disclosure Details

The company filed a formal disclosure with stock exchanges, citing the SEBI Master Circular updated as on January 30, 2026. The filing confirms that no brief profile or relationship disclosures were applicable for this specific change in management personnel.

Internal Communication

In his resignation letter addressed to Vinayak Patankar, Group Executive Officer, Motwani requested immediate relief from his services. He cited an inability to continue with the company effective immediately. The letter, signed by Ramavtar Sharma, Company Secretary and Compliance Officer, confirms the acceptance of this request by the management.