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The said issue will be done in one or more tranches, subject to the receipt of the necessary approvals including the approval of the shareholders of the company and other regulatory / statutory approvals, as may be required.
Borosil is a supplier of laboratory glassware, microwaveable kitchenware and opal ware in India. It sells and markets microwavable and flameproof kitchenware and glass tumblers through more than 15,000 retail outlets, and has three manufacturing facilities at Bharuch (Gujarat), Tarapur (Maharashtra) and Jaipur (Rajasthan). BL conducts its operations in two business segments—namely, scientific and industrial products (SIP; including laboratory glassware, laboratory instruments and pharma packaging) and consumer products (CP; including microwaveable, kitchenware as well as opal ware products).
The company’s consolidated net profit fell 3.57% to Rs 24.27 crore in Q2 FY24 as compared with Rs 25.17 crore in Q2 FY23. However, net sales rose 14.96% YoY to Rs 312.05 crore in the quarter ended 30 September 2023.
The scrip declined 0.74% to currently trade at Rs 356.75 on the BSE.
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