Outcome of Board Meeting

BOROSIL BOROSIL RENEWABLE$ LIMITED CIN: l26100MH1962PLC012538 Regd. OFfice: 1101. Crescenzo. G-Bloct Opp. MCA Oub. Sandra KI.Jfia Complex renewa bles Sandra (E). Mumbai - ◄00051. India. T : +9122 6740 6300 F : •9122 6740 6514 W : www.borosilrenewables.com Email : brl@borosa.com October 30, 2026 BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Mumbai – 400 001 Bandra (East), Mumbai – 400 051 Scrip code: 502219 Symbol: BORORENEW Dear Sir/ Madam, Sub: Outcome of the Board Meeting held on October 30, 2026 This is to intimate that the Board of Directors of the Company at its meeting held today, i.e. October 30, 2026, inter alia, have considered and approved the following: a. Unaudited Financial Results (Standalone & Consolidated) for the quarter and half year ended September 30, 2026. The aforesaid Financial Results along with Limited Review Reports of the Statutory Auditor are attached and are also made available on the Company’s website at www.borosilrenewables.com. b. Modifications / amendments to the Company’s Borosil Employee Stock Option Scheme 2017 (“ESOS 2017” or ‘Scheme”), in accordance with the provisions of the SEBI (Share Based Employee Benefits & Sweat Equity) Regulations, 2021 and the Companies Act, 2013, based on the recommendation of the Nomination and Remuneration Committee and subject to the approval of the Members of the Company and other regulatory / statutory approvals as may be necessary. The aforesaid ESOS 2017 is being amended mainly for following purposes: • To arrange shares for Employee Stock Option (“Options”) holders upon exercise of Options, either from primary issuance or secondary acquisition through Trust route. Currently, the Company directly allots shares to Options holders by way of primary issuance. • until such time that the Trust is legally constituted, registered, and operationalized with a valid PAN, Bank Account, and Demat & Trading Account, the Scheme shall be administered via the Direct Route. • Under the Direct Route, upon the valid exercise of Vested Options by an Option Grantee, the Company shall directly allot fresh and new Equity Shares on a primary basis to the respective Option Grantee. Works: Mleshwar-Rajpipla Road. Vilage Govali. Ta l Jhagadia. Dist Bharud,-393001, O<iSAS ■ (Gujarat), India )8001:2007 ,: 1S0 J-4001:2015 T: +912645-258100 J...S,..0._ 8_0_01 _:2 '0J5 (!] F :+91 2645-258235 E,~Lcom to ~1111150fWH1e BOROSIL RENEWABLES LIMITED BOROSIL fenewables c. Extension of the timeline for utilizing the portion of issue proceeds under the Preferential Issue – 2 (Issuance of equity shares on a preferential basis to persons belonging to the Non-promoter category, pursuant to approval of shareholders on August 14, 2025), allocated for General Corporate Purposes from October 16, 2026, to March 31, 2027, owing to unforeseen operational exigencies. The meeting of the Board of Directors commenced at 1.30 p.m. (IST) and concluded at 3:25 p.m. (IST). You are requested to take the same on record. Yours faithfully, For Borosil Renewables Limited Kishor Talreja Company Secretary and Compliance Officer Membership no. FCS 7064 Encl: as above CHATURVEDI • SHAH u Chartered Accountants Independent Auditor's Review Report on Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 The Board of Directors of Borosil Renewables Limited 1. We have reviewed the accompanying statement of unaudited consolidated financial results of Borosil Renewables Limited ("the Holding Company") and its subsidiaries (the Holding Company and its subsidiaries together refer to as "the Group"), and its share of the net profiU (Loss) after tax and total comprehensive income of its associates for the quarter and half year ended 30th September, 2026 ("the statement"), being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 ("the Listing Regulations"), as amended. 2. This statement, which is the responsibility of the Holding Company's management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting (Ind AS 34) as prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the statement based on our review. 3. We conducted our review of the statement in accordance with the Standard on Review Engagement (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India (ICAI). This standard requires that we plan and perform the review to obtain moderate assurance as to whether the statement is free of material misstatement. A review of interim financial information consists of making enquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under Section 143 (10) of the Companies Act, 2013 and consequently Head Office: 912, Tulsiani Chambers, 212, Nariman Point, Mumbai -400 021, India. Tel.: +91 22 4163 8500 • Fax: +91 22 4163 8595 URL: www.cas.ind.in CHATURVEDI (;ISHAHLLP Chartered Accountants does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. The statement includes the results of the entity listed as per below: List of subsidiaries: 1. Laxman AG 2. lnterfloat Corporation List of Associate Entity 1. ReNew Green (GJS Two) Private Limited 2. Clean Max Prithvi Private Limited 5. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited consolidated financial results, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement. 6. The unaudited consolidated financial results includes the interim financial information of 2 subsidiaries, whose interim financial information reflect total assets of Rs. 3,415.11 Lakhs as at 30th September 2026, total revenue of Rs. 49.95 Lakhs and Rs. 91.83 Lakhs, total net profit/ (Loss) after tax of Rs. (93.33) Lakhs and Rs. (240.45) Lakhs and total comprehensive income of Rs. (93.33) Lakhs and Rs. (240.45) Lakhs for the quarter ended 30th September 2026 and for the period from 1st April 2026 to 30th September, 2026 respectively, and cash inflow (net) of Rs. 5.71 Lakhs for the period from 1st April 2026 to 30th September 2026, as considered in the unaudited consolidated financial results. The unaudited consolidated financial results also include unaudited financial information of the 2 associates which reflects Group's share of net profit/(Loss) after tax of Rs. (26.70) Lakhs and Rs. 34.99 Lakhs and total comprehensive income of Rs. (26.70) Lakhs and Rs. 34.99 Lakhs for the quarter ended 30th September 2026 and for the period from 1st April 2026 to 30th September, 2026 respectively. These unaudited financial information are not reviewed by their auditors and furnished to us by the Management and our conclusion on the Statement, in so far as it r; ~r11r~: ,7 -~~;. '.ft/J ..... [Showing first 8,000 characters — download PDF for full document]