Borosil Renewables has issued a regulatory notification regarding the extension of countervailing duty on textured tempered glass/solar glass imports from Malaysia, following a Ministry of Finance notification dated December 7, 2025. The company informed stock exchanges that the protective trade measure will continue until June 8, 2026, providing sustained protection for domestic solar glass manufacturers.

Regulatory Notification Details

The company filed the notification under Regulation 30 with both BSE Limited and National Stock Exchange of India Limited. According to the filing, the Ministry of Finance originally imposed the countervailing duty through a notification dated March 9, 2021, for a five-year period that was set to conclude on March 8, 2026.

Sunset Review Process

The Designated Authority, Ministry of Commerce, Government of India (DGTR) initiated a sunset review in June 2025 to examine the company's request for continuation and variation in the countervailing duty. The three-month extension provides time for DGTR to complete its investigation while protecting domestic producers from unfairly priced imports from Malaysia.

Market Protection Framework

The countervailing duty serves as a critical trade remedy tool, allowing India to impose additional tariffs on imports that benefit from government subsidies in their country of origin. This measure aligns with India's strategy to strengthen its renewable energy manufacturing ecosystem and support domestic solar glass production capabilities.

Industry Impact

The extension provides market stability for domestic solar glass manufacturers operating in India's competitive renewable energy sector. Solar glass is a critical component in photovoltaic modules, making this trade protection measure significant for the country's solar energy manufacturing ambitions and reducing dependence on subsidized imports.

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.