The Board of Directors of Gujarat Borosil at its meeting held 03 February 2020 has adopted the NCLT order pronounced on 15 January 2020. The Effective Date of the Scheme has been proposed as 12 February 2020.The Appointed Date of the Scheme, as set out in the Scheme and approved by the Hon`ble NCLT is 01 October 2018. All the assets and liabilities of the Company shall become assets and liabilities of Borosil Glass Works (Transferee Company / BGWL) with effect from the Appointed Date, once the Scheme becomes effective.The Board has recommended to BGWL, the record date of 18 February 2020, to determine the shareholders inter alia of the Company, who shall be allotted shares of BGWL under the Scheme.The company will be dissolved and trading of the Company`s Securitiesshall stop with effect from 14 February 2020 (i.e. T-2 working days for delivery).Further, pursuant to the Scheme, the name of Borosil Glass Works (BGWL) will be changed to Borosil Renewables (BRL).Powered by Capital Market - Live News

Net loss of Gujarat Borosil reported to Rs 3.52 crore in the quarter ended December 2019 as against net profit of Rs 0.59 crore during the previous quarter ended December 2018. Sales rose 53.77% to Rs 75.18 crore in the quarter ended December 2019 as against Rs 48.89 crore during the previous quarter ended December 2018. ParticularsQuarter Ended�Dec. 2019Dec. 2018% Var. Sales75.1848.89 54 OPM %13.9718.72 - PBDT4.126.80 -39 PBT-4.992.25 PL NP-3.520.59 PL Powered by Capital Market - Live News

Gujarat Borosil will hold a meeting of the Board of Directors of the Company on 3 February 2020.Powered by Capital Market - Live News

Gujarat Borosil announced that that the National Company Law Tribunal, Mumbai Branch vide its order dated 15 January 2020 has approved the composite scheme of amalgamation and arrangement between Vyline Glass Works (transferor company 1), Fennel Investmentand Finance (transferor company 2), Gujarat Borosil (transferor company 3) and Borosil Glass Works (transferee company) and Borosil (resulting company) and their respectively shareholders. The appointed date of the scheme is 01 October 2018 and the scheme will be effective from date of filing the NCLT order with the Registrar of Company, Mumbai. As per the Scheme, inter-alia, the Company, Gujarat Borosil will amalgamate with Borosil Glass Works and shall stand dissolved without winding up as per Clause 18 of the Scheme. Powered by Capital Market - Live News

Gujarat Borosil announced that the 30th Annual General Meeting (AGM) of the company will be held on 26 December 2019.Powered by Capital Market - Live News