Borosil Renewables Ltd.

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 “UV Verre Premium” 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