BOROSIL RENEWABLES LIMITED

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February 16, 2025 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 National Stock Exchange of India Ltd. Exchange Plaza, C-1, Block

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o, Eco-Conscious & ESG Journey 10. Awards & Accolades 11. Shareholding Pattern & Board of Directors 12. Abbreviations 3 Our Vision “To be the most Customer Centric Company” Purpose “Pioneering a s

8.5GW

ited INDIA’s first and largest solar glass manufacturer with a combined capacity of 1350 TPD** (~8.5GW) One of the Market leaders in consumer glassware and Kitchenware One of the leading players in L

₹6493

in Laboratory Consumables, Laboratory Equipment, Pharma Primary Packaging and Process Sciences ~₹6493* cr Market Cap ~₹4060* cr Market Cap ~₹1227* cr Market Cap *As on 14th Feb 2025 - NSE **Inclu

₹4060

es, Laboratory Equipment, Pharma Primary Packaging and Process Sciences ~₹6493* cr Market Cap ~₹4060* cr Market Cap ~₹1227* cr Market Cap *As on 14th Feb 2025 - NSE **Includes 350 TPD (2GW) capaci

₹1227

, Pharma Primary Packaging and Process Sciences ~₹6493* cr Market Cap ~₹4060* cr Market Cap ~₹1227* cr Market Cap *As on 14th Feb 2025 - NSE **Includes 350 TPD (2GW) capacity of German Subsidiary

2GW

ap ~₹4060* cr Market Cap ~₹1227* cr Market Cap *As on 14th Feb 2025 - NSE **Includes 350 TPD (2GW) capacity of German Subsidiary 5 Standalone Q3/9M FY25 P&L 6 Particulars (₹ Crs)Q3FY25Q2FY25Q3F

14.2%

ticulars (₹ Crs)Q3FY25Q2FY25Q3FY24YoY Change%QoQ Change%9MFY259MFY24FY24Revenue275.28 265.61 241.02 14.2%3.6%782.71 762.95 990.28 EBITDA20.8952.8822.69 -7.9%-60.5%103.48105.81 118.93EBITDA %7.6%19.9%9.4%-1

3.6%

ars (₹ Crs)Q3FY25Q2FY25Q3FY24YoY Change%QoQ Change%9MFY259MFY24FY24Revenue275.28 265.61 241.02 14.2%3.6%782.71 762.95 990.28 EBITDA20.8952.8822.69 -7.9%-60.5%103.48105.81 118.93EBITDA %7.6%19.9%9.4%-19.4%

7.9%

ge%9MFY259MFY24FY24Revenue275.28 265.61 241.02 14.2%3.6%782.71 762.95 990.28 EBITDA20.8952.8822.69 -7.9%-60.5%103.48105.81 118.93EBITDA %7.6%19.9%9.4%-19.4%-61.9%13.2%13.9%12.0%Interest4.80 7.61 8.93 46.3

60.5%

FY259MFY24FY24Revenue275.28 265.61 241.02 14.2%3.6%782.71 762.95 990.28 EBITDA20.8952.8822.69 -7.9%-60.5%103.48105.81 118.93EBITDA %7.6%19.9%9.4%-19.4%-61.9%13.2%13.9%12.0%Interest4.80 7.61 8.93 46.3%36.9%

7.6%

61 241.02 14.2%3.6%782.71 762.95 990.28 EBITDA20.8952.8822.69 -7.9%-60.5%103.48105.81 118.93EBITDA %7.6%19.9%9.4%-19.4%-61.9%13.2%13.9%12.0%Interest4.80 7.61 8.93 46.3%36.9%18.57 24.14 26.23 Depreciation2

“Mode of financing The project(s) will be financed by using a mix of equity, debt and/ or internal accruals, or through a mix of any or all of such means of finance.”

“Rationale Project(s) size has been curtailed considering the low cash accruals in the last 2 years and to keep the debt at manageable levels.”

“12 Increasing Share of Solar in Rising Renewables Total Installed Power Generation Capacity in India 462 GW as of Dec’24 (in GW) Renewables, 162, 35% ➢ Out of total installed power generation capacity of ~462 GW as of Q3 FY25 in India, the share of renewables has reached 35% (~162 GW).”

“➢ The target for solar has since been raised to install 280 GW by 2030 indicating a huge potential.”

“Need annual solar installations of 30 +GW to achieve the target SECI/IREDA Tenders Tenders by SECI /IREDA for large ISTS connected projects assuring offtake and payment security to the project developers PM Suryaghar Yojana This scheme aims to provide rooftop solar power systems to one crore households across the country expecting to add 30 GW of capacity.”

“This brings the overall solar installations to about 98 GW as on 31st December 2024 (Crossed 100 GW as on 31st January), on the way to achieve the target of 280 GW by 2030.”

“We expect solar installations to be 25 GW in FY25.”

“• We expect that the pace of solar installations will accelerate much quickly in view of robust demand, order pipeline and very economic cost.”

“BRL aims to disclose quantifiable targets in short to medium term and transparently report performance against the targets.”

Operational Changes

1

Operational Changes

❖ Temporary cooldown of furnace started in Jan 2025, while ensuring a controlled cool down for potential restart when demand stabilizes. ❖ Cold end operations continue with minimal workforce to convert semi-finished glass into finished glass for pending orders. ❖ Employees are gradually being put on short time work whereby only 30% salaries are paid by the Company. ❖ General elections in Germany due in Feb. Shall review the situation in April. 10 Expansion plan Particulars Original Plan of Capex Setting up of additional production capacity The Board had earlier approval a proposal for setting up SG-4 furnace with a capacity of 1100 Tonnes Per Day (TPD). Proposed capacity addition 500 TPD by way of setting up of two furnaces of 250 TPD (SG-4 & SG-5) each in one or two phases or a single furnace of 500 TPD (SG-4). Timeline Furnace(s) is/are expected to be commissioned during July to September, 2026. Investment required The original investment envisaged Rs. 1400 crore for a furnace of 110