Borosil Renewables Limited has issued a regulatory update regarding the availability of an interview featuring the company's Executive Chairman on ET Now. The interview, which centered on the company's general business developments, required a technical correction to ensure proper accessibility for stakeholders.

Interview Details and Technical Resolution

The company filed a regulatory notice on February 19, 2026, addressing technical issues that prevented viewers from accessing the interview through the originally provided link. The interview featured Mr. Pradeep Kumar Kheruka, Executive Chairman of Borosil Renewables, and was conducted on February 18, 2026.

Regulatory Compliance and Communication

The filing was submitted to both BSE Limited and the National Stock Exchange of India Limited under Regulation 30, demonstrating the company's commitment to transparent communication with stakeholders. The document was signed by Kishor Talreja, Company Secretary and Compliance Officer, who holds membership number FCS 7064.

Accessibility and Stakeholder Information

The company has ensured that the corrected interview link is accessible through multiple channels. The intimation is available on the company's official website at www.borosilrenewables.com , providing stakeholders with easy access to the business update content. This approach reflects the company's dedication to maintaining open communication channels with investors and other interested parties regarding its business developments and strategic direction.

Borosil Renewables Limited has filed monitoring agency reports for the quarter ended December 31, 2025, pursuant to Regulation 32(6) of SEBI LODR 2015. The reports cover two preferential issues undertaken by the solar glass manufacturer, with combined proceeds of ₹889.15 crore.

ICRA-Monitored Preferential Issue

The first preferential issue, monitored by ICRA Limited, was originally planned for ₹700.00 crore but was reduced to ₹517.66 crore due to undersubscription and ineligibility of certain proposed allottees. The issue comprised equity shares and warrants at ₹530 each, conducted between February 06, 2025, and February 13, 2025.

ICRA reported that ₹185.00 crore was utilized for satisfying standby letter of credit liabilities related to GMB Glasmanufaktur Brandenburg GmbH, a step-down subsidiary. An additional ₹29.60 crore was deployed for capital expenditure at the Bharuch facility, leaving ₹303.06 crore unutilized as of December 31, 2025.

CARE-Monitored Preferential Issue

The second preferential issue, monitored by CARE Ratings Limited, was conducted between October 10, 2025, and October 17, 2025. Originally sized at ₹376.02 crore, the issue raised ₹371.49 crore due to undersubscription.

CARE confirmed no utilization occurred during Q3FY26, with the entire ₹371.49 crore remaining unutilized and invested in money market mutual funds.

Fund Deployment and Investment Strategy

Both monitoring agencies reported that unutilized proceeds have been temporarily invested in money market mutual funds to generate returns while awaiting deployment. The ICRA-monitored issue shows ₹20.54 crore in actual unutilized proceeds, with ₹19.42 crore invested in Aditya Birla Sun Life Money Manager Fund generating returns of 7.08% per annum.

For the CARE-monitored issue, the entire ₹371.49 crore is distributed across four mutual funds:

Regulatory Compliance and Timeline

Both monitoring agencies confirmed no deviations from the stated objectives of the respective issues. The capital expenditure projects for expanding solar glass manufacturing capacity at the Bharuch facility remain on schedule, with completion timelines of 18 months for the ICRA-monitored issue and 24 months for the CARE-monitored issue.

Notable Development

ICRA highlighted a significant development regarding GMB Glasmanufaktur Brandenburg GmbH, where ₹185.00 crore was utilized. The German subsidiary filed for insolvency proceedings in July 2025 due to demand recovery challenges and liquidity issues, as disclosed in the company's exchange filing dated July 5, 2025.

The monitoring reports demonstrate Borosil Renewables' adherence to regulatory requirements and transparent fund utilization practices, with both agencies confirming compliance with SEBI guidelines for preferential issue proceeds management.