Borosil Scientific Limited (BOROSCI) — Board Meeting | 20 May 2026(4 announcements)

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Borosil Scientific Limited announced on May 20, 2026, that its Nomination and Remuneration Committee approved the grant of 18,700 employee stock options under its ESOP scheme, each allowing purchase of one Re.1 share at Rs.108 per option, reflecting a ~10% discount to the May 19, 2026, closing market price. The options vest in four equal annual installments over five years, with no immediate dilution or cash inflow. This move aligns with regulatory requirements and supports talent retention without altering current financials.

Borosil Scientific Limited announced on May 20, 2026, that its board approved audited FY2026 financial results, shareholder approval for fundraising up to ₹250 crores, re-appointment of Vinayak Patankar as Whole-time Director & CEO for 3 years, resignation of Sanjay Gupta as Company Secretary & Compliance Officer effective May 20, 2026, and appointment of Ramavtar Sharma to the same role effective May 21, 2026. The filing also disclosed auditor's reports confirming unmodified opinions on standalone financial results for Q4 and FY2026, with total income of ₹13,404.22 lakhs in Q4 2026, profit before tax of ₹2,884.77 lakhs, and total comprehensive income of ₹2,098.51 lakhs. Segment data showed profit before tax of ₹3,241.21 lakhs from the Scientific-Laboratory segment, while total assets stood at ₹54,922.61 lakhs and equity at ₹46,178.55 lakhs as of March 31, 2026. Cash flow from operations was ₹5,045.62 lakhs, with net outflows in investing and financing activities. The company also reported a voluntary retirement scheme costing ₹661.31 lakhs and a one-time impact of ₹191.51 lakhs from the new Labour Code, both classified as exceptional items.

The Board of Borosil Scientific Limited approved the audited standalone and consolidated financial results for FY2026 (ended March 31, 2026) and the quarter ended March 31, 2026, with an unmodified audit opinion from Chaturvedi & Shah LLP. The Board sought shareholder approval at the upcoming AGM to raise up to Rs. 250 crores through qualified institutional placement, public offer, or other instruments. Mr. Vinayak Patankar was reappointed as Whole-time Director & CEO for 3 years effective December 2, 2026, subject to shareholder approval. Mr. Sanjay Gupta resigned as Company Secretary & Compliance Officer effective May 20, 2026, while Mr. Ramavtar Sharma was appointed to the role effective May 21, 2026, and is now authorized to disclose material events under Regulation 30.