Borosil Renewables informs about allotment of equity shares

14 Feb 2025 Evaluate

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’), as amended, Borosil Renewables has informed that the Management Committee of Board of Directors of the company at its meeting held today, February 14, 2025, has approved the allotment of 78,80,436 warrants to the persons belonging to Non-Promoter category and 18,86,793 equity shares to Promoter / Promoter Group, on a preferential basis, as per the details set forth in Annexure A. Pursuant to the aforesaid allotment of equity shares, the issued and paid-up equity share capital of the Company stands increased to Rs. 13,24,66,748 divided into 13,24,66,748 equity shares of face value of Re. 1 /- each. The new equity shares so allotted, shall rank with the existing equity shares of the Company. There is no change in the paid-up equity share capital of the Company, consequent to issue of Warrants. The warrants allotted allows the allottees to apply for and receive an equal number of equity shares corresponding to each warrant they hold, upon payment of the remaining 75% of the issue price within 18 months from the date of issuance. The equity shares to be allotted upon conversion of warrants shall rank with the existing equity shares of the Company. The Company has already received the in-principle approval in respect of the said issue from: • BSE vide letter no. LOD/PREF/ AM/FIP/1777/2024-25 dated February 4, 2025. • The National Stock Exchange of India vide letter no. NSE/LIST/46023 dated February 3, 2025. The disclosure as required under Regulation 30 of SEBI Listing Regulations read with SEBI Master Circular dated November 11, 2024 are given in the ‘Annexure-B’. The aforementioned information is also available on the Company’s website at www.borosilrenewables.com.

The above information is a part of company’s filings submitted to BSE.

Borosil Renewables Share Price

462.70 -9.05 (-1.92%)
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Company Name CMP
Asahi India Glass 619.05
Hind National Glass 15.77
Borosil Renewables 462.70
Empire Inds 1025.10
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