BOROSIL RENEWABLES LIMITED

rs,

imited Corporate Relationship Department lst floor, New Trading Ring, Rotunda Building, P.J. Towers, Dalai Street, Mumbai - 40001 Dear Sir/Madam, National Stock Exchange of India Limited Exchange

0%

l Glass Works Limited FY19 Highlights - Sales abware (cid:9) tal SIP 98 (cid:9) 43 (cid:9) 0% onsumerwa (cid:9) GWL Consumerware (cid:9) 100.2 (cid:9) 461 (cid:9) 146.9 (cid:9) 031 (cid:9

91%

wa (cid:9) GWL Consumerware (cid:9) 100.2 (cid:9) 461 (cid:9) 146.9 (cid:9) 031 (cid:9) 46.7 91% tal Co (cid:9) 46 2 (cid:9) 500 (cid:9) 22% (cid:9) 1st April, 2018 the Company has adopted

22%

) 461 (cid:9) 146.9 (cid:9) 031 (cid:9) 46.7 91% tal Co (cid:9) 46 2 (cid:9) 500 (cid:9) 22% (cid:9) 1st April, 2018 the Company has adopted 432.3 tal 546.0 IndAS 26.3 Sales fgures exclu

9.1%

ril, 2018 the Company has adopted 432.3 tal 546.0 IndAS 26.3 Sales fgures exclude Sales to BGWL 9.1% and Consumerware 41.8%. Overall groi rom 1s 3 (cid:9) Borosil Glass Works Limited Segment

41.8%

has adopted 432.3 tal 546.0 IndAS 26.3 Sales fgures exclude Sales to BGWL 9.1% and Consumerware 41.8%. Overall groi rom 1s 3 (cid:9) Borosil Glass Works Limited Segment m Hopewell (cid:9) W

Rs. 14.4 crore

) -, .6 7 ne EBTDA ( no incuded COMDanv From 1st April. 2018 above) for has adopted is Rs. 14.4 crores recently as compared InclAS to Rs. 115 1 FY9 O p eratin goperatin EBTDA operag

Rs. 115

April. 2018 above) for has adopted is Rs. 14.4 crores recently as compared InclAS to Rs. 115 1 FY9 O p eratin goperatin EBTDA operag he published Results. d xpo (cid:9) b) Other

10%

are Tea / coffee Appliances 100 440 700 500 400 (cid:9) (incl. ceramicware) 9000 10% 10% 15% to 20% 20% 15% 10% • Estimated market share of Microwavables is 60%. • Tumblers

15%

coffee Appliances 100 440 700 500 400 (cid:9) (incl. ceramicware) 9000 10% 10% 15% to 20% 20% 15% 10% • Estimated market share of Microwavables is 60%. • Tumblers universe c

20%

Appliances 100 440 700 500 400 (cid:9) (incl. ceramicware) 9000 10% 10% 15% to 20% 20% 15% 10% • Estimated market share of Microwavables is 60%. • Tumblers universe consists

60%

are) 9000 10% 10% 15% to 20% 20% 15% 10% • Estimated market share of Microwavables is 60%. • Tumblers universe consists of Borosilicate glass & Soda Lime glass, Borosil primarily markets

“) - a 100% subsidiary of BGWL – Includes the Vyline business and BGWL’s 70.2% ownership of Klasspack • Resultant Structure: – BGWL will be renamed Borosil Renewables Ltd.”

“•BGWL will be renamed Borosil Renewables Ltd.”

Demerger amongst Related Companies

1

Consequently

1

Swap ratio

1

Demerger amongst Related Companies

A. Companies to be merged in BGWL • Vyline, a promoter held co & 3P manufacturer for BGWL • Fennel Investments, an associate co with cross holdings •Gujarat Borosil (25% equity held by the company) in solar glass business B. Simultaneously demerger of •Consumer and Scientific ware business into Borosil Ltd. (Formerly known as Hopewell Tableware Ltd. ) - a 100% subsidiary of BGWL – Includes the Vyline business and BGWL’s 70.2% ownership of Klasspack • Resultant Structure: – BGWL will be renamed Borosil Renewables Ltd. and house the Solar Business Borosil Limited will house the Consumer ware and Scientific ware businesses No cross holdings – – – Both companies to be independently listed 35 Borosil Glass Works Limited New Shareholding •Upon merger, shareholders of Gujarat Borosil (GBL) will receive 1 BGWL share for 2 GBL shares held •On demerger into Borosil Limited (BL), shareholders of BGWL will receive 1 BL share for 1 BGWL share held. •BGWL will be renamed Borosil Renewables Ltd.

Consequently

•Shareholder with 100 shares in BGWL today will own 100 shares in Borosil Limited and 100 shares in Borosil Renewables Ltd. •Shareholder with 100 shares in GBL today will own 50 shares of Borosil Limited and 50 shares of Borosil Renewables Ltd. 36 Borosil Glass Works Limited Scheme Implementation •Scheme was advised by PwC. •Valuation by SSPA & Co. Fairness Report by Keynote Corporate Services Ltd. •The company has proposed Oct 1, 2018 as the appointed date. •The scheme is subject to approval of relevant authorities and shareholders of the co. •The process is expected to be completed by Q2FY20. 37 Borosil Glass Works Limited Expected benefits of the Scheme •Eliminates related party transactions – Vyline & BGWL, GBL & BGWL •Significantly simplifies holding structure & eliminates cross holding •Gives shareholders the choice to own the Borosil Ltd and/or Borosil Renewables Ltd. businesses independent of each other – Currently BGWL shareholders indirectly own a part of GBL’s business •Vyli

Swap ratio

• 200 shares of BGWL(Post bonus) against 81 equity shares of Vyline • 200 shares of BGWL (Post Bonus) against 109 equity shares of Fennel • 1 shares of BGWL(Post bonus) against 2 equity shares of GBL • 1 shares of BL against 1 equity shares of BGWL 40 Borosil Glass Works Limited Five Years Financial Highlights (Stand-alone) 41 Borosil Glass Works Limited Financial Highlights (Stand-alone) t Before Ta (cid:9) t Before Tax a expenses 7 (cid:9) 2 (cid:9) 2 (cid:9) 6 rn on Investment the year 2015-16 to 2017-18 are as (%)per Ind AS 6.84 and 17.56 years all3.76 figures is7.06 as per 5 res for the year 205-16 to 2017-18 are as pe perInd shareAS compliant previous ous GAAPthe eouity shares. and for other years years all the figures is shown give as per 42 (cid:9) Disclaimer vestor presentation has been prepared by Borosil Glassworks Limied (Borosil) on a strictly tial basis. Certain statements n this presentaton may be ‘forward looking statements’ withn the of appicable laws and regulations.