Borosil Renewables Limited has announced a key senior management appointment, designating Mr. Dhaval Patel as Senior Management Personnel effective December 16, 2025. This promotion reflects the company's ongoing leadership development initiatives and organizational strengthening.

Management Role Expansion

Mr. Patel, who has been serving as Associate Vice President in the Finance Department, will now assume an expanded role that includes leading the Investor Relations Department. The Board of Directors approved this designation based on the recommendation of the Nomination and Remuneration Committee.

Professional Background

Mr. Dhaval Patel brings strong financial expertise and extensive industry knowledge to his expanded role. His professional qualifications and experience include:

• Qualified Chartered Accountant
• MBA in Finance from ICFAI University
• Joined the company's Finance department in September 2022
• Demonstrated analytical excellence and strategic insight in his current role

Leadership Development Initiative

This appointment forms part of Borosil Renewables' ongoing leadership development process, reflecting the company's commitment to nurturing internal talent and strengthening its management structure. Mr. Patel has consistently demonstrated professionalism and strategic capabilities during his tenure with the organization.

The company has informed both BSE Limited and National Stock Exchange of India Limited about this senior management change in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Borosil Renewables Limited , a key player in the renewable energy sector, has received a significant boost from the Indian government. The company announced that it has secured a capital subsidy of ₹14.21 crore from the Ministry of Electronics & Information Technology (MEITY) under the Modified Special Incentive Package Scheme.

Government Support and Financial Implications

This latest infusion brings the total government support received by Borosil Renewables to ₹106.53 crore over the past two years. The substantial backing underscores the government's commitment to fostering growth in the renewable energy sector and supporting companies that contribute to this goal.

Financial Position

To put this subsidy in context, let's take a look at Borosil Renewables' recent financial position:

The latest subsidy of ₹14.21 crore represents approximately 3.97% of the company's current assets as of March 2025. This injection is likely to strengthen Borosil Renewables' financial position and potentially support future growth initiatives.

Implications for the Renewable Energy Sector

The government's continued support through subsidies like this one signals a strong commitment to the development of the renewable energy sector in India. For Borosil Renewables, this financial backing could translate into enhanced capabilities for research, development, and expansion of their renewable energy solutions.

As the company continues to benefit from government incentives, it may be well-positioned to contribute more significantly to India's renewable energy goals. However, investors and industry observers should keep a close eye on how effectively Borosil Renewables utilizes this support to drive innovation and growth in the competitive renewable energy market.

The company's ability to secure substantial government support over the past two years may also indicate its strategic importance in the national renewable energy landscape. As the sector evolves, Borosil Renewables' performance and utilization of these subsidies could offer valuable insights into the effectiveness of government policies in promoting renewable energy adoption and technological advancement in India.

Note: All financial figures are based on the most recent available data as of March 2025.