Borosil Renewables Limited · NSE:BORORENEW
Borosil Renewables — Investor Presentation (September 2026)
30 slides from Borosil Renewables's investor presentation, Sep 7, 2026
Slide 1: Exchange intimation letter: Investor Presentation
September 07, 2026 BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Mumbai – 400 001 Bandra (East), Mumbai – 400 051 Scrip code: 502219 Symbol: BORORENEW Dear Sirs, Subject: Investor Presentation Pursuant t
Slide 2: Turning Sunlight into progress
Turning Sunlight into progress Corporate Presentation September 2026
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Borosil Renewables (the “Company”), have been prepared solely for information purposes only and does not constitute any offer or invitation, directly or indirectly, in any manner, or inducement
Slide 4: Index
INDEX I. Business Overview II. What sets us apart 3
Slide 5: Our Vision and Purpose
Our Purpose Vision “To be the most “Pioneering a Customer Centric sustainable future with Company” reliability and quality” 4
Slide 6: Business Overview
Business Overview Corporate Presentation 5
Slide 7: Borosil Renewables: India's Leading Solar Glass Platform
Borosil Renewables: India’s Leading Solar Glass Platform Company at a Glance India’s first solar glass production line, establishing an early- 1,000 TPD ~6.5 GW mover advantage in a critical solar PV component. Current Solar Glass Capacity Module Manufacturing Equivalent Developed the world’s first
Slide 8: Business Model: Technology-led Solar Glass Manufacturing
Business Model 1. Core Business: Technology-led Solar Glass Manufacturing BRL manufactures high-performance solar glass and supplies it directly to solar module manufacturers across domestic and international markets. RAW SOLAR GLASS SOLAR MATERIALS → MANUFACTURING → VALUE ADDITION → MODULE → END AP
Slide 9: Business Model: End-to-end Rooftop Solar Solutions
Business Model 2. New Growth Adjacency: End-to-end Rooftop Solar Solutions Expanding downstream from solar glass into branded distributed solar solutions. 1. PRODUCT → SOLUTION 2. LOW-RISK MARKET ENTRY 3. TARGET CUSTOMERS 4. DUAL-CHANNEL MODEL Residential Rooftops DISTRIBUTOR / SI 1 – 10 kW NETWORK
Slide 10: Global Presence
Global Presence Europe • Netherlands • Bulgaria N. America • Germany • Turkey Russia USA • France • Jordan Canada • Portugal • Greece • Italy • Croatia Asia India S. America Sri Lanka Mexico Brazil Africa Egypt A global presence The largest manufacturer The majority of international customers are Ne
Slide 11: What Sets us Apart
What Set us Apart Corporate Presentation 10
Slide 12: Maximizing Power Generation via Superior Transmission
Maximizing Power Generation via Superior Transmission Advanced glass formulations are engineered specifically to maximize solar-spectrum absorption and optimize electricity output - translating into superior panel efficiency and higher power generation under all sunlight conditions. Spectral Band Bo
Slide 13: Unrivalled Long-Term Durability
Engineered for Decades of High-Performance Low-sodium glass structures maintain pristine chemical and visual properties even in high- moisture and corrosive environments — protecting module output across a 25+ year lifespan. PID Mitigation Low-sodium formulation drastically reduces the risk of Poten
Slide 14: Innovation - 2.0mm glass with exceptional Mechanical Strength
Innovation - 2.0mm glass with exceptional Mechanical Strength Produced World-first fully tempered 2.0 mm textured solar glass Stress endurance vs. the 90 MPa Stronger than standard European standard (EN 12150-1) heat-strengthened glass Stress Endurance — 2x BRL vs. Regulatory 180 MPa Standard (MPa)
Slide 15: Ecological Leadership
Sustainable Production: Eco-Conscious Patents Antimony-Free Solar Glass First global solar glass company to run fully antimony-free (toxic element) textured glass production — holding a registered patent for this green technology, branded NoSbEra. Lower Carbon Footprint Leadership Ecological A forma
Slide 16: Investment Thesis
Investment Thesis First-Mover Long-Term ~20% Lower Largest Pure Strong Balance Advantage with Customer Capex through Merchant Player Sheet with Net Deep Sector Relationships Brownfield with Volume Cash Position Expertise Driving Volume Expansion Scale Growth 15
Slide 17: Industry Overview: Rising India Solar Demands
Industry Overview: Rising India Solar Demands Total Installed Power Generation Capacity Renewable Power Generation capacity in in India 552 GW as of 31st July’26 (in GW) Out of total installed power India ~240 GW as of 31st July’26 (in GW) generation capacity of ~552 GW as of July 2026 in India, the
Slide 18: Growth Drivers
Growth Drivers National Solar SECI/IREDA PM Suryaghar Demand for RTC Solarization of Mission Tenders Yojana Renewable Power Railways 1 Targets of 280 GW 2 3 This scheme aims to 4 Upcoming Hybrid 5 500 MW of Rooftop Tenders by SECI installed solar capacity provide rooftop solar (Wind+Solar) tenders G
Slide 19: Solar Glass: Capacity Shortfall Creates a Large Market Opportunity
Solar Glass: Capacity Shortfall Creates a Large Market Opportunity Domestic Capacity vs. Demand Key Demand Drivers The Opportunity for Borosil Domestic Capacity (Current) Government Support Scale Domestic Supply 2,600 TPD 45 GW (62 GW on DC basis) solar installations in 2025–26. Capture a larger sha
Slide 20: Our Capacity Planning
Our Capacity Planning 180 TPD 450 TPD 750 TPD 1350 TPD -350 TPD 1600TPD Combined Installed Capacity (TPD)-Projected Rebuilt 1st Acquired Addition of 3rd GMB Board approved furnace with Interfloat furnace with a Glasmanuf setup of two Combined Solar Glass enhanced Group the capacity of aktur new furn
Slide 21: Where are we Headed
Where are we Headed Expanding capacity. Strengthening profitability. Building a brighter future. Margin Strong Balance Strong Next Phase Higher Expansion Sheet Current Scale of Growth Revenues Ahead Through Scale & Future Ready ₹1,535 Cr +600 TPD ~₹2,500 Cr ~3% ✓ To remain net cash positive even aft
Slide 22: Thank You
Thank You Dhaval Patel Head – Investor Relations Dhaval.patel@borosil.com Khushbu Singhania Prayasi Patel khushbu@goindiaadvisors.com prayasi@goindiaadvisors.com +91 85911 90410 +91 96536 02085 21
Slide 23: Annexure
Annexure Corporate Presentation 22
Slide 24: Group Structure
Group Structure More than 60 Years of Excellence Borosil Group Borosil Renewables Borosil Scientific Limited Limited INDIA’s first and largest solar One of the leading players in glass manufacturer with a Laboratory Consumables, capacity of 1000 TPD (~6.5 Laboratory Equipment, GW) Pharma Primary Pac
Slide 25: Our Journey
Our Journey BRL’s journey has been marked with innovation and firsts in the industry… 1st furnace rebuilt to increase capacity to Acquisition of German Subsidiary GMB BRL sets up India's first 210 TPD. 2nd furnace of 240 TPD added on 86% stake in Glasmanufaktur Developed the Interfloat group, Brande
Slide 26: Product Portfolio
Product Portfolio ADDITION OF GLASS IN SOLAR MARKET CUSTOMIZED GLASS VALUE VARIOUS GLASS WITH SEGMENTS SIZES COMPOSITION ADDED THICKNESSES COATINGS • High-Performance • Glass for 96/72/60 • Borosil Solar PRODUCTS • Anti Reflective Solar Glass cells module (and Glass with low • 2 mm • Grid Printed Ba
Slide 27: ESG Journey
ESG Journey ESG is outcome-driven and not just good intentions Environment Social Governance Emissions Energy Employee health and safety Risk management system Investors Water Climate change Community relations Code of conduct Labour practices Emissions Energy Health and safety Risk management Water
Slide 28: Driving Sustainable & Responsible Growth
Driving Sustainable & Responsible Growth Our Strategic ESG Priorities Our Actions ❑ Aim to achieve Carbon neutral ❑ ESG target disclosures and dedicated dashboard operations Greener to track emissions. ❑ Explore waste management ❑ Increase the ratio of sales in reusable packaging opportunities Plane
Slide 29: Awards and Exhibitions
Awards and Exhibitions Great Place to Work National Award for Certified Best Industrial National Award from the Relations in the Top Exporter Award By Dept. of Science Great Place to Work Medium Enterprise from CAPEXIL for and Technology, Trust Index Employee category from the FY21-22 Govt. of India
Slide 30: Board of Directors
Board of Directors Mr Akshaykumar Mr P.K. Kheruka Mr Shreevar Chudasama Executive Chairman Kheruka Independent Director Industrialist having Rich Vice Chairman A seasoned legal experience in the Glass Also the Managing Director professional with over 3 Industry of Borosil Limited with decades of exp
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