YEAR EVENTS 1962 - The Company was Incorporated on 14th December at Mumbai mainly to acquire the undertaking of the Industrial and Engineering Apparatus Co. Pvt., whose business was merged with that of the company an order of the Mumbai High Court dated 30th July 1963. The main objects of the company is manufacture of borosilicate tyre neutral & heat resistance tubings & rods scientific apparatus laboratory glassware etc. 1963 - Issued (i) 1,52,500 shares to vendors without payment in cash; - (ii) 2,30,000 shares to promoters, etc.; - (iii) 7,35,000 shares to foreign collaborators, and - (iv) 3,82,500 shares to the public. 1964 - The company installed a second furnace with 10 tpd capacity. The blowing tubing and finishing operations were also carried out at the Marol plant. - 5,72,931 shares allotted to collaborators (5,30,000 shares in 1964, 29,256 shares in 1965 and 13,675 shares in 1966). 1982 - 7,48,031 Bonus Equity shares issued in prop. 1:2. 1988 - Tank-II which was shut down for modification to manufacture low expansion borosilicate glass, was recommissioned in August. This tank was also to be used for the manufacture of medium expansion borosilicate neutral tubing. 1990 - During June-July the Company offered 11,22,047-14% secured redeemable partly convertible debentures of Rs. 100 each on Rights basis in the proportion debenture: 2 equity shares held. - Simultaneously, the Company also issued 56,100 debentures to employees (including Indian working Directors)/workers of the company on an equitable basis. - A total of 11,85,906 debentures were allotted on 14th August, including retention of oversubscription. - Rs. 35 of the face value of each debenture was automatically and compuslorily converted into 1 equity share of Rs. 10 each at a premium of Rs. 25 per share on the expiry of 6 months from the date of allotment of the debenture i.e. 14th August. Rs. 65 of the face value of each debenture would be redeemed at the end of 8th, 9th and 10th years in equal instalments from the date of allotment of debentures. - 11,76,852 No. of equity shares allotted (prem. Rs. 25 per share) in part conversion of debentures. 1991 - The company proposed to undertake an expansion project to manufacture a wider range of blown and pressed labware, consumerware items as well as pharmaceutical tubing. The plant was to be set up in the name and style `Speciality Glass Corporation' adjacent to the sheet glass project in Gujarat. - 7,433 shares allotted (prem. Rs. 25 per share) in part conversion of debentures. 1992 - 250 shares allotted (prem. Rs. 25 per share) in part conversion of debentures. - The Company has signed an agreement with Gas Authority of India Ltd., for supply of natural gas by about 31st March, 1993 to the Plant at marol, Andheri East, Mumbai. 1993 - Gujarat Borosil Limited your Subsidiary Company, made a total issue of Share Capital of Rs.29,55,50,000/-. Out of this a Public Issue was made in January 1993 for 1,11,00,000 Equity Shares which was oversubscribed by 26 times (excluding reserved quota). - The company has decided to enter into equipment lease arrangements with Financial Institutions/Financial Companies. 1994 - Marol plant was shut down for cold repairs for about 6 weeks. - The company has taken on lease the plant of Vyline Glass Works, Ltd., as a separate unit of the company. The plant was successfully commissioned in March, 1995. With a new cold-top electric glass netting furnace and related products and auxiliary equipment with a project. - 449 shares of Rs. 10 each allotted on conversion of debentures. - Borosil upgraded its second furnace, increasing its capacity to 16 tpd, increasing the total melting capacity by around 15 per cent to around 10,000 tpa. 1995 - The Company obtained an industrial licence for the manufacture of reprographic toners, and developers with an annual capacity of 750 tonnes. Government approval for entering into technical collaboration with a Japanese firm was received. Steps were being taken to implement this project. - A new project was envisaged at the Mari Malai Nagar plant for the manufacture of heat resistant borosilicate opal tableware using an all-electric furnace based usage of in-plant cullet. - Gujarat Borosil, Ltd. (formerly Gujarat Window Glass, Ltd.) and Swapan Properties, Ltd. are subsidiaries of the company. 1996 - As a part of modernisation project, the Recupevator on Tank-II at Marol has been replaced resulting in improved fuel efficiency. Laser based OD Gauging System is being installed on one of the tube production lines so as to enable control of the tubing diameter to closer tolerance. - Modernisation programme is also proposed to be extended to Tank-2, which will undergo a similar capacity enhancement for accommodating an automatic blowing machine with a Feeder/Forehearth in addition to the two existing tube production lines. - During the year, ICICI Banking Corporation Ltd. has joined the consortium of banks for financing the Working Capital requirements of the Company. 1997 - The main furnace at the Marol Plant viz. Tank-I had to be shutdown for a period of over two months for modernisation and expansion causing loss of production. - The electric boosting system has also been installed on Tank-I for enhancing its melting capacity. 1998 - Borosil Glass Works Ltd is facing immediate disruption in production at its Kurla plant in Mumbai, with nearly 450 workers threatening to go on a hunger strike. - The company also installed some energy recovery devices such as heat exchangers and energy recuperators. - In June, there was a fire due to electrical short circuit at Marol Plant. Production in both furnaces was resumed in about 6-8 hours. 1999 - The Company has decided to change its product mix by re-entering into production of medium expansion pharmaceutical tubing. - Furnace No. 2 is scheduled to be commissioned in the first week of September. - During the year, the Company has developed new export markets in Australia, Botswana, Tunisia, Greece and Denmark. - Gujarat Borosil Ltd. has become a sick industrial company in terms of provisions of the Sick Industrial Companies (Special Provisions) Act, 1985. 2000 - The company has executed a tripartite contract with Jenaer Schmelztechnik Jodeit and Ilmenauer Glasmaschinenbau, both of Germany pertaining to supply of technical knowhow and equipment for modernisation cum expansion of company's furnace at Maraimalai Nagar, Tamilnadu. - Borosil International, a division of Borosil Glass Works Ltd., has tied up with Europe-based Bormioli Rocco, to launch a premium tableware glass collection in India. - Borosil Glass Works Limited presented the Borosil International Range, transparent, light glassware, that includes Bake and Serve, Cook and Serve, Carafes and Tea Sets. 2001 - The Company is entering into a development-cum-sale agreement in respect of its surplus land (partly encroached), with old structure situated on Andheri-Kurla Road. 2009 - Borosil Glass Works Ltd has appointed Mr. Utpal Kumar Mukhopadhyay (IAS Retd.) and Mr. Shreevar Kheruka as Additional Directors of the Company w.e.f. August 24, 2009. 2010 - AGC launches sales of "UV Verre Premium" The world first*1 approx. 99%*2 UV blocking tempered glass for automotive front door windows. - Safti First launches mySAFTI App for iPhone, iPod Touch and iPad. 2011 - Mr. Dinesh Vaswani is appointed as Additional Director of the Company. - Ms. Swati Sahukara, has joined as Company Secretary of the Company. - The Board have recommended final dividend of Rs. 15/- per Equity Share. 2012 - The Board has recommended a Dividend of Rs. 15/- on equity shares of Rs. 10/- each for the year ended March 31, 2012. - Nationwide Windscreen awarded three-year contract with Lex Autolease. 2013 - Board has recommended a Dividend of Rs. 15/- per Equity Share of Rs. 10/- each. 2014 - The Company has appointed Mrs. Anupa Sahney as Additional Director of the Company. 2015 -Borosil Glass Works gets nod for further investment in WOS 2016 -Borosil Glass Works has acquired 100% equity shares of Hopewell Tableware Private Limited alongwith all its assets & liabilities and consequent to such acquisition, Hopewell has become an unlisted wholly owned subsidiary (WOS) of the Company. -Borosil Glass buys 60% stake in glass packaging firm Klasspack Pvt Ltd. 2017 -Allotment Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please note that the Bonus Shares Issue Committee of Board of Directors of the Company, has at its meeting held today i.e. August 06, 2018, allotted 6,93,00,000 Bonus Equity Shares of Re. 1/- each to the shareholders holding shares as on the record date i.e. August 03, 2018. -Capeil Special Export Award 2016 and 2017 -CII BE STAR Emerging Leader: Excellence in Operations Management 2017 -NDTV Mercer Employer Excellence Awards 2017 2018 This is to inform you that the Directors of the Company at its meeting held on June 18, 2018 has approved a Composite Scheme of Amalgamation and Arrangement which, inter alia, provides for: (i) Amalgamation of Vyline Glass Works Limited ('VGWL'), Fennel Investment and Finance Private Limited ('FIFPL') and Gujarat Borosil Limited ('GBL') with Borosil Glass Works Limited ('BGWL') - BGWL will be renamed as Borosil Renewables Limited or any other name as approved by Registrar of Companies('ROC'); and (ii) Demerger of, inter alia, Scientific and Industrial products and Consumer products business of BGWL along with the existing business of VGWL vested in BGWL pursuant to amalgamation of VGWL with BGWL ('the Demerged Undertaking') into Hopewell Tableware Private Limited ('HTPL' - a wholly owned subsidiary of BGWL) - HTPL will be renamed as Borosil Limited or any other name as approved by ROC. -The company has said that approved acquisition of existing closely held non-listed domestic public limited companies namely Borosil Technologies Limited (formerly known as Borosil Glass Limited) and Borosil International Limited by acquiring its 100% shares, please find enclosed herewith the disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. -15th FGI Awards : Outstanding Entrepreneur 2018 -FT 1000 High Growth Companies Asia-Pacific 2018 -REI Awards 2018 Component Manufacturers 2019 -The Company has made an additional investment of Rs. 5,00,00,089 by way of subscription towards the First call and Second call & Final call in the rights issue of partly paid up equity shares of Klass Pack Limited (Klasspack), a subsidiary company. Therefore, the said shares have now become fully paid up. -The Company has made an additional investment of Rs. 5,00,00,089/- by way of subscription to the fresh rights issue of partly paid up equity shares of Klass Pack Limited (Klasspack), a subsidiary company. With the said investment, the Company's shareholding in Klasspack has increased from 75.73% to 79.52%. -Borosil Glass Works Limited has informed that 'Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015 ?? Update on Composite Scheme of Amalgamation and Arrangement amongst Vyline Glass Works Ltd, Fennel Investment and Finance Pvt Ltd, Gujarat Borosil Ltd, Borosil Glass Works Ltd and Borosil Limited -REI Awards 2019 Component Manufacturers 2020 Allotment of Equity Shares of Borosil Renewables Limited (the 'Company') to the shareholders of Vyline Glass Works Limited, Fennel Investment and Finance Private Limited and Gujarat Borosil Limited ('Transferor Companies') pursuant to part B of the Composite Scheme of Amalgamation and Arrangement -Borosil Glass Works Limited has informed that 'Composite Scheme of Amalgamation and Arrangement: Resulting changes in Key Managerial Personnel of the Company'. 2021 -Great Place to Work : India's Best Leaders in Times of Crisis 2021 -National Award for Successful Commercialisation of Indigenous Technology India Green Manufacturing Challenge 2021: Gold Medal 2022 -Borosil Renewables Ltd. (BRL) announces acquisition of Interfloat Group, the largest solar glass manufacturer in Europe. 2023 - Borosil Renewables has commenced the commercial production of Solar Glass from the SG-3 furnace at its plant in Bharuch District, Gujarat from 23 February 2023. With this, the production capacity of the Company for production of Solar Glass has increased from 450 Tonnes Per Day to 1000 2024 -The Company Completed the acquisition of 49% stake in Clean Max Prithvi Private Limited.