Borana Weaves Limited has announced a strategic investment of ₹1.00 crore in Attero Recycling Private Limited, marking the textile company's entry into the e-waste and battery recycling sector. The investment was approved during a board meeting held on January 3, 2026, demonstrating the company's commitment to diversifying its investment portfolio.

Board Meeting Details

The board of directors convened at the company's registered office located at Plot No Aa/34, B 16/16, Hojwala Ind. Estate, Susml, Sachin, Surat, Gujarat. The meeting commenced at 2:30 PM and concluded at 2:43 PM on January 3, 2026, where the investment proposal was formally approved.

Investment Specifications

The strategic investment details reveal Borana Weaves' focused approach toward the recycling industry:

Target Company Profile

Attero Recycling Private Limited operates in the specialized sector of e-waste and lithium-ion battery recycling. This industry focus aligns with growing environmental concerns and the increasing need for sustainable waste management solutions. The investment represents a non-related party transaction, with no promoter or promoter group interest involved.

Transaction Structure

The investment structure demonstrates a straightforward cash-based approach:

• Investment Classification: Strategic investment
• Counterparty: Attero Recycling Private Limited
• Related Party Status: No
• Promoter Interest: None
• Shareholding Percentage: To be determined post completion
• Expected Completion: Within applicable legal timelines

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure follows the requirements under SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, ensuring complete transparency for stakeholders.

Corporate Leadership

The investment decision was signed off by Ankur Mangilal Borana, Executive Director and Chief Executive Officer (DIN: 01091164), reflecting the company's strategic direction under current leadership. The formal documentation was digitally signed on January 3, 2026, at 2:50 PM IST from the company's Surat location.

Borana Weaves Limited , a leading producer of unbleached synthetic greige fabric, has reported robust financial results for the second quarter of fiscal year 2026, demonstrating significant growth across key metrics. The company also announced the completion of its Unit 4 expansion ahead of schedule, strengthening its position in the growing domestic synthetic textiles market.

Financial Highlights

Borana Weaves achieved impressive year-on-year growth in Q2 FY26:

The company's EBITDA margin improved significantly to 22.68% in Q2 FY26, up from 16.49% in the same quarter last year, representing a substantial increase of 619 basis points. Similarly, the PAT margin expanded to 17.44%, up from 11.08% in Q2 FY25.

Unit 4 Expansion

In a significant development, Borana Weaves completed its Unit 4 expansion in October 2025, ahead of the initially projected timeline of December 2025. This expansion adds 700 high-tech water jet looms to the company's production capacity, bringing its total weaving capacity to 340 million meters per annum. The early completion of this project is expected to fuel growth and margin expansion in the coming quarters.

Sustainability Initiatives

Borana Weaves has demonstrated its commitment to sustainable practices by implementing a Zero Liquid Discharge (ZLD) sustainability project. This initiative, executed in partnership with Hojiwala Infra Ltd., enables the company to recycle 640 million liters of water annually, reinforcing its leadership in environmental sustainability within the textile industry.

Future Outlook

The company has outlined several strategic initiatives for future growth:

1. Strengthening its leadership in the synthetic greige fabric segment
2. Expanding exports by focusing on high-value synthetic fabrics
3. Exploring diversification into spinning and advanced fabrics
4. Introducing RPU-coated fabrics for jackets and technical wear
5. Expanding into technical textiles to capture premium global demand

Additionally, Borana Weaves is on track to achieve zero debt by FY26 and has approved renewable energy projects for captive use, including a 3.7 MW rooftop solar unit and a 19.8 MW hybrid solar-wind project.

The strong Q2 FY26 results and strategic expansions position Borana Weaves favorably to capitalize on the growing demand in the synthetic textiles market, both domestically and internationally. The company's focus on sustainability and technological advancements is likely to enhance its competitive edge in the evolving textile industry landscape.