The issue is subject to receipt of necessary statutory/regulatory approvals, as may be required.

Borosil Renewables is engaged in the business of manufacturing of extra clear patterned glass and low-iron solar glass for application in photovoltaic panels, flat plate collectors and green houses.

The company reported consolidated net loss of Rs 15.55 crore in Q3 FY24 as compared with net profit of Rs 5.23 crore recorded in Q3 FY23. While revenue from operations jumped 34.29% to Rs 330.01 crore in Q3 FY24 from Rs 245.75 crore recorded in the corresponding quarter previous year.