Borosil Renewables Announces FY 2026 Financial Results, Plans Rs. 750 Crore Fundraise and New Solar Solutions Division

Borosil Renewables Announces FY 2026 Financial Results, Plans Rs. 750 Crore Fundraise and New Solar Solutions Division​

Borosil Renewables Limited announced that its Board of Directors held a meeting on May 12, 2026, where it approved the audited financial results for the quarter and financial year ending March 31, 2026. During the meeting, the company also greenlit strategies for potential future funding and the expansion into new product verticals.

The Board’s approval of the financial statements was based on Audit Reports issued by M/s. Chaturvedi & Shah LLP, confirming an unmodified opinion on the results.

Financial Performance for FY 2026​

The audited standalone and consolidated financial results for the year ended March 31, 2026, showed key figures across revenue and profitability.

The audited standalone financial results for the quarter and year to date are detailed below:


For the consolidated results, the total income reached 1,58,077.13 Lakhs for the year ended March 31, 2026, compared to 1,47,932.89 Lakhs in the previous year.

Corporate Strategy and Growth Plans​

In a significant corporate development, the Board approved a proposal to seek shareholder approval through an enabling resolution at the ensuing Annual General Meeting. This resolution authorizes the Board to raise funds, as needed, up to Rs. 750 crores. The proposed funding can be raised through various modes, including further public offer, issuance of American Depository Receipts or Global Depository Receipts, issuance of Foreign Currency Convertible Bonds, Qualified institutions placement, or a combination of these.

Furthermore, the company plans to enhance its existing business by establishing a new division dedicated to selling Rooftop Solar Solutions, marking a strategic expansion into the renewable energy sector.

Governance and Appointments​

The Board also addressed key governance matters, including the re-appointment of its senior leadership and statutory auditors.

1. Director Re-appointment: The Board approved the re-appointment of Mr. Sunil Roongta as Whole-Time Director and Key Managerial Personnel (KMP). This appointment is effective for a period commencing from May 27, 2027, to July 22, 2029, and is in addition to his current role as the Chief Financial Officer.
2. Auditor Re-appointment: Following a recommendation from the Audit Committee, the Board approved the re-appointment of M/s. Chaturvedi & Shah LLP, Chartered Accountants, as Statutory Auditors. They are appointed for a second term of five consecutive years, starting from the conclusion of the 63rd Annual General Meeting until the conclusion of the 68th Annual General Meeting in the year 2031, subject to shareholder approval.

The board meeting for these approvals was held on May 12, 2026.

BORORENEW Stock Price Movement​

Today, shares of BOROSIL RENEWABLES LIMITED gained 1.15% in post-market trading, settling at ₹556.25. The stock traded on a volume of 917,905 shares today, experiencing a significant intraday range between ₹528.15 and ₹557.95.