Borana Weaves Ltd

Key approvals

• Approved un-audited standalone results for quarter ended June 30, 2026; Limited Review Report noted.
• Expansion at Unit 4 with 192 jet looms and 3 texturizing machines; funded internally; production by Dec 2026.
• Approved material related party transactions for FY 2026-27.
• Approved Board's Report with annexures and governance for FY ended Mar 31, 2026.
• Remuneration for Mangilal Ambalal Borana increased to Rs 1,50,000 per month, subject to shareholders' approval.
• Remuneration for Rajkumar Mangilal Borana increased to Rs 1,50,000 per month, subject to shareholders' approval.
• Remuneration for Ankur Mangilal Borana increased to Rs 1,50,000 per month, subject to shareholders' approval.
• 6th AGM on Sep 29, 2026 via VC/OAVM.
• Appointed M/s K. Dalal & Co. as Secretarial Auditor for five years from Apr 2026, subject to approval.
• Re-appointment of M/s KSA & Co. as Statutory Auditor for five years from Apr 2026, subject to approval.

Meeting Details

• Board meeting scheduled for 11 August 2026 at the Registered Office; time not disclosed.

Key Agenda Items

• Un-Audited Financial Results for the quarter ended June 30, 2026 to be considered.
• Expansion project at Unit 4 proposes installation of 192 Water Jet Looms and 3 texturizing machines.
• Related Party Transactions to be approved as material for FY 2026-27.
• Board’s Report for the financial year ended March 31, 2026 to be approved.

Other Notes

Regulatory non-compliance notice

• NSE notice to Borana Weaves on Regulation 33 non-compliance; asks to inform promoters.
• Quarter ended 31-Mar-2026; Annexure contains non-compliance details.
• Total fine payable Rs 94,400; base Rs 80,000 plus Rs 14,400 GST.
• Per-day fine Rs 5,000; 16 days of non-compliance.
• Notice dated June 30, 2026; payment due within 15 days.
• Actions on non-compliance include promoter shareholding freeze and Trade for Trade.
• Board to discuss non-compliance at next meeting; comments to exchange via NEAPS.
• Waiver process via NEAPS; requires waiver submission and ongoing compliance.
• Waiver processing fee Rs 10,000 plus 18% GST if fine exceeds Rs 5,000.
• Annexure shows Regulation 33 details and the exact fine calculation.

Appointment Details

• Ishant Jain appointed as Company Secretary and Compliance Officer, KMP of Borana Weaves Ltd.
• Appointment with effect from 29 July 2026.
• Reason: appointment approved by Board on recommendation of Nomination and Remuneration Committee.
• Profile: Associate Member of ICSI with 10+ years in secretarial, regulatory and compliance.
• Disclosure of relationships: none with directors or promoters.
• Authority: designated as Key Managerial Personnel and entrusted with governance-related responsibilities.
• Term: Not Applicable.

Resignation of Secretarial Auditor

• Resignation of Jitendrakumar Rewashankar Rawal as Secretarial Auditor, effective 24 July 2026.
• Board noted resignation at meeting held 29 July 2026.

Secretarial Auditor Appointment

• Board appoints Mr. Kunjal Dalal of K. Dalal & Co. as Secretarial Auditor.
• Appointment to fill casual vacancy arising from resignation of prior Secretarial Auditors.
• Effective from 29 July 2026; term until the ensuing Annual General Meeting.
• Profile: Kunjal Dalal, practising company secretary from Surat, with 30+ years' experience.

Resignation of Secretarial Auditor

• Accepted resignation of Jitendrakumar Rawal as Secretarial Auditor, effective 24 July 2026.

Appointment of Practising Company Secretary

• Approved appointment of Kunjal Dalal as Practising Company Secretary for professional secretarial services.

Secretarial Auditor Appointment

• Approved appointment of K. Dalal & Co. as Secretarial Auditor to fill casual vacancy, subject to member approval.

Scrutinizer Appointment

• Appointed Kunjal Dalal as Scrutinizer for remote e-voting and AGM voting.

Company Secretary and Compliance Officer

• Appointed Ishant Jain as Company Secretary and Compliance Officer, effective 29 July 2026.

NSE Fine - Regulatory Matter

• Board noted NSE fine for Regulation 33 non-compliance; paid 24 July 2026; seeks waiver/refund.

Demat/Remat processing status

• No Demat/Remat requests were processed during the quarter ended 30 June 2026.