Regulation 34(1) of SEBI (LODR) Regulationes, 2015 - Borosil Renewables Limited - Annual Report 2026

July 30, 2026 BSE Limited National Stock Exchange of India Limited 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 Sub: Annual Report for FY 2025-26. Dear Sir/Madam, Pursuant to Regulations 30 and 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached the Annual Report of the Company for FY 2025-26 including the Notice of the 63rd Annual General Meeting (“AGM”), which is being sent to the shareholders electronically. The Annual Report, including the Notice of the AGM, is available on the Company’s website at www.borosilrenewables.com and is also available on the website of National Securities Depository Limited at www.evoting.nsdl.com. You are requested to take the same on record. Yours faithfully, For Borosil Renewables Limited Kishor Talreja Company Secretary & Compliance Officer (Membership No. FCS - 7064) Encl: As above Dependable Supply. Assured Borosil Renewables Limited 63rd Annual Report Registered office: 1101, Crescenzo, G-Block, Opp. MCA Club, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051, India T: + 9122 6740 6300 | F: + 9122 6740 6514 | E: investor.relations@borosilrenewables.com | W: www.borosilrenewables.com 2025-26 Works: Village Govali, Ankleshwar Rajpipla Road, Jhagadia Taluka, Bharuch District, Gujarat State, Pincode: 393 001 T: +91 2645 258100 | E: brl@borosil.com Borosil Renewables Limited Annual Report 2025-26 uality. Table of Contents Dependable India’s solar transition is no longer a question of scale. It is a test of certainty. As installations accelerate CORPORATE 02 STATUTORY 29 CONSOLIDATED 255 Supply. and systems become more demanding, OVERVIEW REPORTS FINANCIAL STATEMENTS performance hinges on the core About Borosil Renewables 02 Business Responsibility and 29 Assured Sustainability Report Independent Auditor’s Report 256 of every module: solar glass that Our Journey 04 Notice 101 delivers consistency, durability, and Balance Sheet 264 Q Management Message 06 precision without compromise. Board’s Report and 126 Statement of Profit and Loss 265 Product Portfolio 08 Management uality. At Borosil Renewables, this defines how we Financials 10 Discussion and Analysis Statement of Changes in 266 operate. As India’s first and largest solar glass Equity Report on Corporate 154 manufacturer, we are built to deliver assured Manufacturing Facilities 12 Governance Statement of Cash Flows 267 quality and a dependable source of supply, closely Research & Development 14 aligned with customer requirements. Stable Notes 269 STANDALONE 179 production processes and on-time deliveries are Strategies 16 FINANCIAL not outcomes; they are engineered into our system. ESG 18 STATEMENTS Our integrated manufacturing model and resilient Environment 20 Independent Auditor’s Report 180 supply chain ensure continuity at scale, enabling us to respond with accuracy as volumes grow Social 22 Balance Sheet 192 Scan this QR Code to access the Investor and requirements evolve. This consistency Governance 24 Statement of Profit and Loss 193 Relations page: strengthens trust where it matters most. Corporate Information 28 Statement of Changes in Equity194 At the same time, our investments in capacity, technology, innovations and process excellence Statement of Cash Flows 195 position us for the next phase of growth. Notes 197 We expand with discipline, adapt without disruption, and deliver with precision. Guided by long-term thinking, we remain focused on creating sustained value for stakeholders, strengthening partnerships, and building an enduring foundation. Because in a sector where performance cannot Investor Information falter, what matters most is simple and non- Market Capitalization ₹5,285.12 crores negotiable: Dependable Supply. Assured Quality. (as of March 31, 2026) CIN L26100MH1962PLC012538 BSE Code 502219 NSE Symbol BORORENEW Bloomberg Code BORORENE:IN AGM Date August 27, 2026 AGM Mode Video Conference/Other Audio-Visual Means Disclaimer: This document contains statements about expected future events and financials of Borosil Renewables Limited. (‘The Company’), which are forward-looking. By their nature, forward-looking statements require the Company to make assumptions and are subject to inherent risks and uncertainties. There is a significant risk that the assumptions, predictions, and other forward- looking statements may not prove to be accurate. Readers are cautioned not to place undue reliance on forward-looking statements, as several factors could cause assumptions, actual future results, and events to differ materially from those expressed in the forward-looking statements. Accordingly, this document is subject to the disclaimer and qualified in its entirety by the assumptions, qualifications and risk factors referred to in the Management Discussion and Analysis section of this Annual Report. Corporate Overview Statutory Reports Financial Statements AAbboouutt BBoorroossiill RReenneewwaabblleess Global Footprint IInnddiiaa’’ss FFiirrsstt We have built a focused global by a growing footprint across the concentration risk. In parallel, we presence anchored in consistent Americas and MENA region. We have also expanded into applications aanndd LLaarrggeesstt quality, complying with international continue to deepen relationships in such as greenhouse glass, anti- standards and long-term customer established markets while selectively glare glass and Building-Integrated partnerships. Our exports are led entering new geographies to Photovoltaics (BIPV), aligning our SSoollaarr GGllaassss by Europe and Turkey, supported enhance diversification and reduce portfolio with the evolving needs of sustainable infrastructure. MMaannuuffaaccttuurreerr 2 13 12 15 Domestic Presence 2 11 14 In India, we serve a broad base of 10 6 7 1 4 8 5 5 100+ customers through a responsive 4 2 1 6 and reliable supply network, 3 3 1 ensuring consistent service and 3 2 market coverage while avoiding Vision 4 customer concentration risks. Borosil Renewables Limited 1 Together, this balanced mix of strong (referred to as Our vision is to be the most domestic and international operations ‘Borosil Renewables,’ ‘Our customer-centric company This map is a generalised illustration and not intended for positions us for sustained growth. reference. The Company does not assume responsibility for Company’ and ‘We’) takes Purpose Corporate its accuracy or use. pride in being a globally recognized leader in solar Values Pioneering a sustainable future Europe 8. Greece North America Middle East and Asia glass manufacturing. Our with reliability and quality 1. Netherlands 9. Croatia 1. USA North Africa 1. India Company is shaped by a Integrity 2. Germany 10. Spain 2. Canada 1. UAE 2. Singapore legacy of innovation and Customer Focus 3. France 11. Austria 3. Mexico 2. Egypt 3. Sri Lanka Respect 4. Portugal 12. Poland 3. Oman 4. Indonesia a deep commitment to Continual Improvement 5. Italy 13. Russia 4. Tunisia responsible growth. Accountability 6. Bulgaria 14. Cyprus South America 5. Jordan Safety As part of the Borosil Group, with a 7. Turkey 15. Lithuania 1. Brazil 6. Bahrain legacy spanning over six decades in consumer, scientific and laboratory glassware, we build on a proven foundation of quality as we move What Designed for long-term durability Improved mechanical strength Safer, stronger tempered glass toward a more sustainable future. Our focus is clear: to accelerate the global Sets Us Low sodium content with minimal Withstands loads exceeding 180 MPa (compared Breaks into small, less hazardous fragments transition to clean energy through potential for induced degradation (PID) with the 90 MPa standard under EN 12150-1) Reduces risk as compared to the large, sharp advanced solar glass solutions. Apart Excellent chemical durability with high- 2x stronger than heat-strengthened glass shards o [Showing first 8,000 characters — download PDF for full document]