Borosil Renewables allots equity shares after warrant conversion

Borosil Renewables Limited, in an announcement dated October 28, 2025, confirmed the allotment of 28,301 equity shares of face value Re. 1/- each, fully paid-up. This allotment stems from the conversion of warrants by Pushpman Consultants Private Limited, following an intimation dated February 14, 2025, regarding 78,80,436 warrants issued on a preferential basis.

The warrants were initially allotted at an issue price of Rs. 530/- per warrant, with warrant holders having paid 25% (Rs. 132.50/- per warrant) at allotment. The remaining 75% (Rs.397.50/- per warrant) was paid upon conversion application. Following this conversion, the company's paid-up equity share capital has increased to Rs.14,01,88,845, divided into 14,01,88,845 equity shares of Re. 1/- each.

The new equity shares allotted will rank pari-passu with the existing equity shares of Borosil Renewables Limited. This information was approved by the management committee of the board of directors on October 28, 2025.