Borosil Renewables Limited , a key player in the renewable energy sector, has successfully raised Rs. 371.49 crores through a preferential allotment of equity shares. The company has now restructured the utilization of these proceeds due to undersubscription by few proposed allottees.

Key Details of the Allotment

The preferential issue details remain as follows:

Restructuring of Proceeds Utilization

Due to undersubscription by few proposed allottees, the Board of Directors has approved a restructuring of the issue proceeds utilization:

Investor Breakdown

The preferential allotment attracted a diverse group of investors:

Regulatory Compliance and Impact

Borosil Renewables has ensured full compliance with regulatory requirements. The allotment was approved by the Management Committee of the Board of Directors, with in-principle approvals obtained from both BSE Limited and the National Stock Exchange of India Limited. Following this allotment, the company's paid-up equity share capital has increased to Rs. 14,01,60,544, divided into 14,01,60,544 equity shares of Re. 1 each.

The restructuring reflects the company's adaptive approach to capital allocation while maintaining its focus on expanding solar glass manufacturing capacity at its Bharuch facility in Gujarat.

The Indian government has announced a significant policy change affecting the renewable energy sector, mandating prior registration for specific components used in renewable energy projects. This new regulation, set to take effect from November 1, 2025, aims to enhance monitoring and streamline the supply chain for critical renewable energy components.

Key Points of the New Policy

• Effective Date: November 1, 2025
• Regulatory Body: Directorate General of Foreign Trade, Ministry of Commerce & Industry
• Registration System: Renewable Energy Equipment Import Monitoring System (REEIMS)
• Components Affected:
  • Solar glass
  • Photovoltaic cells
  • Wind energy generation components

Registration Process Details

Affected HS Codes and Products

The policy affects various products under specific HS codes, including:

• 70071900: Toughened safety glass
• 73082019: Towers for wind energy
• 84833000, 84834000: Bearings and gears
• 85016420, 85016430: High-capacity generators
• 85023100: Wind-powered generating sets
• 85030090: Electric motor parts
• 85414200, 85414300: Photovoltaic cells and modules

Industry Impact and Objectives

This new mechanism is designed to track imports of critical components for the renewable energy sector. The government expects this move to help streamline the supply chain and support sector growth. Companies importing these components, including major players like Borosil Renewables Limited , will need to adapt to these new requirements.

The policy change reflects India's commitment to closely monitor and potentially regulate the influx of renewable energy components. This could have implications for domestic manufacturing, supply chain management, and the overall development of India's renewable energy sector.

As the renewable energy industry continues to grow in importance, both globally and within India, this policy represents a significant step towards greater oversight and potential support for domestic production. Companies and investors in the renewable energy sector should closely monitor how this policy is implemented and its effects on market dynamics in the coming years.