Borosil Scientific boosts stake in Goel Scientific Glass Works

Borosil Scientific Limited has further invested in Goel Scientific Glass Works Limited, a subsidiary, via a rights issue. This investment was formalized on November 27, 2025, and falls under related party transactions, deemed to be at arm's length.

The acquisition cost totals INR 11,68,15,570 for 1,16,81,557 equity shares of INR 10 each, at par. Following this allotment, Borosil Scientific's shareholding in Goel will increase to 99.37%. The investment aims to enable Goel to meet capital expenses, operational needs, and other general corporate purposes.

Goel Scientific Glass Works Limited, incorporated on December 8, 1998, manufactures industrial glass process systems and laboratory glassware. The company's turnover for the financial year ended March 31, 2025, was INR 4,928.08 lakhs. Goel has a global presence, including India, Europe, North America, and various parts of Asia.