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Borosil Renewables Ltd. Company History and Annual Growth Details

YEAR EVENTS
1962 - The Company was Incorporated on 14th December at Mumbai mainly to
acquire the undertaking of the Industrial and Engineering
Apparatus Co. Pvt., whose business was merged with that of the
company an order of the Mumbai High Court dated 30th July 1963.
The main objects of the company is manufacture of borosilicate
tyre neutral & heat resistance tubings & rods scientific
apparatus laboratory glassware etc.

1963 - Issued (i) 1,52,500 shares to vendors without payment in cash;

- (ii) 2,30,000 shares to promoters, etc.;

- (iii) 7,35,000 shares to foreign collaborators, and

- (iv) 3,82,500 shares to the public.

1964 - The company installed a second furnace with 10 tpd capacity. The
blowing tubing and finishing operations were also carried out at
the Marol plant.

- 5,72,931 shares allotted to collaborators (5,30,000 shares in
1964, 29,256 shares in 1965 and 13,675 shares in 1966).

1982 - 7,48,031 Bonus Equity shares issued in prop. 1:2.

1988 - Tank-II which was shut down for modification to manufacture low
expansion borosilicate glass, was recommissioned in August. This
tank was also to be used for the manufacture of medium expansion
borosilicate neutral tubing.

1990 - During June-July the Company offered 11,22,047-14% secured
redeemable partly convertible debentures of Rs. 100 each on
Rights basis in the proportion debenture: 2 equity shares held.

- Simultaneously, the Company also issued 56,100 debentures to
employees (including Indian working Directors)/workers of the
company on an equitable basis.

- A total of 11,85,906 debentures were allotted on 14th August,
including retention of oversubscription.

- Rs. 35 of the face value of each debenture was automatically and
compuslorily converted into 1 equity share of Rs. 10 each at a
premium of Rs. 25 per share on the expiry of 6 months from the
date of allotment of the debenture i.e. 14th August. Rs. 65 of
the face value of each debenture would be redeemed at the end
of 8th, 9th and 10th years in equal instalments from the date of
allotment of debentures.

- 11,76,852 No. of equity shares allotted (prem. Rs. 25 per share)
in part conversion of debentures.

1991 - The company proposed to undertake an expansion project to
manufacture a wider range of blown and pressed labware,
consumerware items as well as pharmaceutical tubing. The plant
was to be set up in the name and style `Speciality Glass
Corporation' adjacent to the sheet glass project in Gujarat.

- 7,433 shares allotted (prem. Rs. 25 per share) in part conversion
of debentures.

1992 - 250 shares allotted (prem. Rs. 25 per share) in part conversion
of debentures.

- The Company has signed an agreement with Gas Authority of India
Ltd., for supply of natural gas by about 31st March, 1993 to the
Plant at marol, Andheri East, Mumbai.

1993 - Gujarat Borosil Limited your Subsidiary Company, made a total
issue of Share Capital of Rs.29,55,50,000/-. Out of this a
Public Issue was made in January 1993 for 1,11,00,000 Equity
Shares which was oversubscribed by 26 times (excluding reserved
quota).

- The company has decided to enter into equipment lease
arrangements with Financial Institutions/Financial Companies.

1994 - Marol plant was shut down for cold repairs for about 6 weeks.

- The company has taken on lease the plant of Vyline Glass Works,
Ltd., as a separate unit of the company. The plant was
successfully commissioned in March, 1995. With a new cold-top
electric glass netting furnace and related products and auxiliary
equipment with a project.

- 449 shares of Rs. 10 each allotted on conversion of debentures.

- Borosil upgraded its second furnace, increasing its capacity to
16 tpd, increasing the total melting capacity by around 15 per
cent to around 10,000 tpa.

1995 - The Company obtained an industrial licence for the manufacture
of reprographic toners, and developers with an annual capacity
of 750 tonnes. Government approval for entering into technical
collaboration with a Japanese firm was received. Steps were
being taken to implement this project.

- A new project was envisaged at the Mari Malai Nagar plant for
the manufacture of heat resistant borosilicate opal tableware
using an all-electric furnace based usage of in-plant cullet.

- Gujarat Borosil, Ltd. (formerly Gujarat Window Glass, Ltd.) and
Swapan Properties, Ltd. are subsidiaries of the company.

1996 - As a part of modernisation project, the Recupevator on Tank-II at
Marol has been replaced resulting in improved fuel efficiency.
Laser based OD Gauging System is being installed on one of the
tube production lines so as to enable control of the tubing
diameter to closer tolerance.

- Modernisation programme is also proposed to be extended to
Tank-2, which will undergo a similar capacity enhancement for
accommodating an automatic blowing machine with a
Feeder/Forehearth in addition to the two existing tube production
lines.

- During the year, ICICI Banking Corporation Ltd. has joined the
consortium of banks for financing the Working Capital
requirements of the Company.

1997 - The main furnace at the Marol Plant viz. Tank-I had to be
shutdown for a period of over two months for modernisation and
expansion causing loss of production.

- The electric boosting system has also been installed on Tank-I
for enhancing its melting capacity.

1998 - Borosil Glass Works Ltd is facing immediate disruption in
production at its Kurla plant in Mumbai, with nearly 450 workers
threatening to go on a hunger strike.

- The company also installed some energy recovery devices such as
heat exchangers and energy recuperators.

- In June, there was a fire due to electrical short circuit at
Marol Plant. Production in both furnaces was resumed in about
6-8 hours.

1999 - The Company has decided to change its product mix by re-entering
into production of medium expansion pharmaceutical tubing.

- Furnace No. 2 is scheduled to be commissioned in the first week
of September.

- During the year, the Company has developed new export markets in
Australia, Botswana, Tunisia, Greece and Denmark.

- Gujarat Borosil Ltd. has become a sick industrial company in
terms of provisions of the Sick Industrial Companies (Special
Provisions) Act, 1985.

2000 - The company has executed a tripartite contract with Jenaer
Schmelztechnik Jodeit and Ilmenauer Glasmaschinenbau, both of
Germany pertaining to supply of technical knowhow and equipment
for modernisation cum expansion of company's furnace at
Maraimalai Nagar, Tamilnadu.

- Borosil International, a division of Borosil Glass Works Ltd.,
has tied up with Europe-based Bormioli Rocco, to launch a premium
tableware glass collection in India.

- Borosil Glass Works Limited presented the Borosil International Range,
transparent, light glassware, that includes Bake and Serve, Cook and Serve,
Carafes and Tea Sets.

2001 - The Company is entering into a development-cum-sale agreement in respect
of its surplus land (partly encroached), with old structure situated on Andheri-Kurla Road.

2009

- Borosil Glass Works Ltd has appointed Mr. Utpal Kumar Mukhopadhyay (IAS Retd.) and Mr. Shreevar Kheruka as Additional Directors of the Company w.e.f. August 24, 2009.

2010

- AGC launches sales of ÂUV Verre PremiumÂ The world first*1 approx. 99%*2 UV blocking tempered glass for automotive front door windows.

- Safti First launches mySAFTI App for iPhone, iPod Touch and iPad.

2011

- Mr. Dinesh Vaswani is appointed as Additional Director of the Company.

- Ms. Swati Sahukara, has joined as Company Secretary of the Company.

- The Board have recommended final dividend of Rs. 15/- per Equity Share.

2012

- The Board has recommended a Dividend of Rs. 15/- on equity shares of Rs. 10/- each for the year ended March 31, 2012.

- Nationwide Windscreen awarded three-year contract with Lex Autolease.

2013

- Board has recommended a Dividend of Rs. 15/- per Equity Share of Rs. 10/- each.

2014

- The Company has appointed Mrs. Anupa Sahney as Additional Director of the Company.

2015
-Borosil Glass Works gets nod for further investment in WOS

2016

-Borosil Glass Works has acquired 100% equity shares of Hopewell Tableware Private Limited alongwith all its assets & liabilities and consequent to such acquisition, Hopewell has become an unlisted wholly owned subsidiary (WOS) of the Company.
-Borosil Glass buys 60% stake in glass packaging firm Klasspack Pvt Ltd.

2017

-Allotment Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please note that the Bonus Shares Issue Committee of Board of Directors of the Company, has at its meeting held today i.e. August 06, 2018, allotted 6,93,00,000 Bonus Equity Shares of Re. 1/- each to the shareholders holding shares as on the record date i.e. August 03, 2018.

-Capeil Special Export Award 2016 and 2017
-CII BE STAR Emerging Leader: Excellence in Operations Management 2017
-NDTV Mercer Employer Excellence Awards 2017

2018

This is to inform you that the Directors of the Company at its meeting held on June 18, 2018 has approved a Composite Scheme of Amalgamation and Arrangement which, inter alia, provides for: (i) Amalgamation of Vyline Glass Works Limited ('VGWL'), Fennel Investment and Finance Private Limited ('FIFPL') and Gujarat Borosil Limited ('GBL') with Borosil Glass Works Limited ('BGWL') - BGWL will be renamed as Borosil Renewables Limited or any other name as approved by Registrar of Companies('ROC'); and (ii) Demerger of, inter alia, Scientific and Industrial products and Consumer products business of BGWL along with the existing business of VGWL vested in BGWL pursuant to amalgamation of VGWL with BGWL ('the Demerged Undertaking') into Hopewell Tableware Private Limited ('HTPL' - a wholly owned subsidiary of BGWL) - HTPL will be renamed as Borosil Limited or any other name as approved by ROC.

-The company has said that approved acquisition of existing closely held non-listed domestic public limited companies namely Borosil Technologies Limited (formerly known as Borosil Glass Limited) and Borosil International Limited by acquiring its 100% shares, please find enclosed herewith the disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

-15th FGI Awards : Outstanding Entrepreneur 2018
-FT 1000 High Growth Companies Asia-Pacific 2018
-REI Awards 2018 Component Manufacturers

2019

-The Company has made an additional investment of Rs. 5,00,00,089 by way of subscription towards the First call and Second call & Final call in the rights issue of partly paid up equity shares of Klass Pack Limited (Klasspack), a subsidiary company. Therefore, the said shares have now become fully paid up.

-The Company has made an additional investment of Rs. 5,00,00,089/- by way of subscription to the fresh rights issue of partly paid up equity shares of Klass Pack Limited (Klasspack), a subsidiary company. With the said investment, the Company's shareholding in Klasspack has increased from 75.73% to 79.52%.

-Borosil Glass Works Limited has informed that ''Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015 ?? Update on Composite Scheme of Amalgamation and Arrangement amongst Vyline Glass Works Ltd, Fennel Investment and Finance Pvt Ltd, Gujarat Borosil Ltd, Borosil Glass Works Ltd and Borosil Limited

-REI Awards 2019 Component Manufacturers

2020

Allotment of Equity Shares of Borosil Renewables Limited (the 'Company') to the shareholders of Vyline Glass Works Limited, Fennel Investment and Finance Private Limited and Gujarat Borosil Limited ('Transferor Companies') pursuant to part B of the Composite Scheme of Amalgamation and Arrangement

-Borosil Glass Works Limited has informed that ''Composite Scheme of Amalgamation and Arrangement: Resulting changes in Key Managerial Personnel of the Company''.

2021

-Great Place to Work : India's Best Leaders in Times of Crisis 2021
-National Award for Successful Commercialisation of Indigenous Technology India Green Manufacturing Challenge 2021: Gold Medal

2022

-Borosil Renewables Ltd. (BRL) announces acquisition of Interfloat Group, the largest solar glass manufacturer in Europe.

2023

- Borosil Renewables has commenced the commercial production of Solar Glass from the SG-3 furnace at its plant in Bharuch District, Gujarat from 23 February 2023. With this, the production capacity of the Company for production of Solar Glass has increased from 450 Tonnes Per Day to 1000

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