Borosil Limited — Capital/Financing Update 2024

Jan 24, 2024

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January 24, 2024

BSE Limited	National Stock Exchange of India LimitedExchange Plaza, C-1, Block - G,Bandra Kurla Complex,Bandra (East), Mumbai - 400 051Symbol: BOROLTD
Phiroze Jeejeebhoy Towers,Dalal Street,Mumbai - 400 001Scrip Code: 543212

Dear Sirs,

Sub: Outcome of Board Meeting held on January 24, 2024

In accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Schedule - III thereto, we wish to inform that the Board of Directors of the Company at its meeting held today, i.e. January 24, 2024, which commenced at 04:00 p.m. and concluded at 04:40 p.m., have inter-alia approved:

• (i) raising of funds by way of issuance of such number of equity shares having face value of Re. 1/- each of the Company (“Equity Shares”) and / or other eligible securities or any combination thereof (hereinafter referred to as “Securities”), in one or more tranches, in accordance with the provisions of Chapter VI of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 as amended from time to time and other applicable laws, for an aggregate amount not exceeding Rs. 250 crores (Rupees Two Hundred and Fifty Crores only) or an equivalent amount thereof, by way of qualified institutions placement (“QIP”), in accordance with the applicable laws, 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; and

• (ii) seeking of shareholders’ approval through an Extra-Ordinary General Meeting ( EGM ) in connection with the aforesaid fund raising. The notice, timelines and other requisite details with regard to the EGM will be communicated in due course.

The details as required to be disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with the circular dated July 13, 2023 bearing reference no. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123, issued by Securities and Exchange Board of India are also enclosed as Annexure A .

Further, in accordance with the Company’s Code of Conduct for Monitoring and Prevention of Insider Trading, the trading window for dealing in the equity shares of the Company for all Designated persons (including their immediate relatives) / Connected Persons shall continue to remain closed till the end of 48 hours after the declaration of the financial results for the quarter and nine months ended December 31, 2023.

We request you to take the aforesaid on record.

For Borosil Limited

ANSHU Digitally signed by ANSHU ARVIND ARVIND AGARWAL Date: 2024.01.24 AGARWAL 16:42:57 +05'30'

Anshu Agarwal Company Secretary and Compliance Officer FCS – 9921

Annexure A:

Sr.No.	Particulars	Details
1	Type of securities proposed tobe issued (viz., equity shares,convertibles, etc.	Equity Shares and / or other convertible securities(including warrants, or otherwise, in registered orbearer form) (hereinafter referred to as “Securities”)or any combination thereof, in accordance with theapplicable laws, in one or more tranches.
2	Typeofissuance(furtherpublic offering, rights issue,depository receipts (ADR /GDR),qualifiedinstitutionsplacement,preferentialallotment etc.)	QualifiedInstitutionsPlacement(“QIP”)inaccordance with the provisions of Chapter VI of theSecurities and Exchange Board of India (Issue ofCapital and Disclosure Requirements) Regulations,2018, Section 42 and other applicable provisions ofthe Companies Act, 2013 and other applicable laws,as may be considered appropriate under theapplicable laws.
3	Total number of securitiesproposed to be issued or thetotal amount for which thesecuritieswillbeissued(approximately)	For an aggregate amount not exceeding Rs. 250crores or an equivalent amount thereof (inclusive ofsuch premium as may be fixed on such Securities)at such price or prices as may be permissible underapplicable laws.
4	In case of preferential issue, the listed entity shall disclose the following additionaldetails to the stock exchange(s):Not Applicable
5	In case of bonus issue the listed entity shall disclose the following additional detailsto the stock exchange(s):Not Applicable
6	In case of issuance of depository receipts (ADR/GDR) or FCCB, the listed entity shalldisclose following additional details to the stock exchange(s):Not Applicable
7	In case of issuance of debt securities or other non-convertible securities, the listedentity shall disclose following additional details to the stock exchange(s):NotApplicable
8	Any cancellation or termination of proposal for issuance of securities includingreasons thereof:Not Applicable