Borosil Renewables raises ₹371.49 crores through preferential equity allotment

Borosil Renewables Limited announced on October 17, 2025, the successful allotment of 69,43,691 equity shares, each with a face value of Re. 1, at a price of Rs. 535 per share (including a premium of Rs. 534). This preferential allotment, made to non-promoter category investors, has raised a total of Rs. 371.49 crores for the company. The allotment received in-principle approvals from BSE Limited and the National Stock Exchange of India Limited on October 8, 2025.

Following this allotment, the company's issued and paid-up equity share capital has increased to Rs. 14,01,60,544, represented by 14,01,60,544 equity shares. These newly allotted shares will rank equally with the existing equity shares of the company. A total of 78 investors participated in this preferential issue.

The post-preferential allotment shareholding, calculated on a fully diluted basis assuming the conversion of all outstanding warrants allotted on February 14, 2025, indicates a 5.59% shareholding for the investors involved in this specific allotment.