Borosil Renewables advanced 1.35% to Rs 651.05 after the company said its board was to meet on Thursday, July 14, 2022 to consider a fundraising by the company.
The funds would be raised either through a new public offering, the issuance of US certificates of deposit or global certificates of deposit, the issuance of foreign currency convertible bonds, the placement of qualified institutions or through a combination of these. this.
Borosil Renewables is engaged in the manufacture of extra clear patterned glass and low iron solar glass for application in photovoltaic panels, flat plate collectors and greenhouses.
The company’s standalone net profit declined by 30.64% to Rs 46.38 crore on a 7.70% drop in sales to Rs 179.05 crore in Q4 FY22 compared to Q4 FY21.
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