Borosil Scientific Ltd. Company History and Annual Growth Details

Borosil Scientific Limited was originally incorporated as a private limited company under the provisions of Companies Act, 1956 with the name and style of ‘Klass Pack Private Limited’ and certificate of incorporation dated May 29, 1991 was issued by the Registrar of Companies, Bombay (presently known as Registrar of Companies, Mumbai). Subsequently, the Company was converted from a private limited company to a public limited company and consequently renamed as ‘Klass Pack Limited’ and a fresh certificate of incorporation dated June 19, 2018 was issued by the Registrar of Companies, Mumbai, Maharashtra. Pursuant to the Scheme of Arrangement , the name of the Company has been changed to Borosil Scientific Limited and a fresh certificate of incorporation dated December 05, 2023 was issued by the Registrar of Companies, Mumbai, Maharashtra. 

Major Events and Milestones:

1991

- Incorporation of the Company under the name and style of ‘Klass Pack Private Limited’

1994

- Factory situated at Ambad, Nashik commenced its business operations

2012

- Factory situated at Gonde, Igatpuri commenced its business operations

2016

- Borosil Glass Works Limited acquired stake in the Company thereby making the Company its subsidiary

2018

- The Company was converted from a private limited company to a public limited company and consequently renamed as ‘Klass Pack Limited’

2020

- Company became a subsidiary of Borosil Limited pursuant to the Composite Scheme of Amalgamation and Arrangement between Vyline Glass Works Limited and Fennel Investment and Finance Private Limited and Gujarat Borosil Limited and Borosil Glass Works Limited (renamed as Borosil Renewables Ltd.) and Borosil Limited and their respective Shareholders effective from February 12, 2020

2022

- Demerger, transfer and vesting of the Demerged Undertaking from Borosil Ltd into the Company on a going concern basis pursuant to the Scheme.

- Amalgamation of Borosil Technologies Limited with the Company on a going concern basis pursuant to the Scheme.

2023

- Acquisition of stake in Goel Scientific Glass Works Limited, a company engaged in the business of manufacturing of industrial glass process systems as well as laboratory glassware thereby making it a subsidiary of the Company.

- Reduction and reorganization of the equity share capital of the Company pursuant to the scheme

- In terms of clause 11 of the Scheme, the name of the Company has been changed to ‘Borosil Scientific Limited’ upon receipt of necessary approvals