The headline equity benchmarks traded with significant losses in early afternoon trade. The Nifty slipped below the 24,100 level after hitting day's high of 24,345.75. Auto shares slipped after advancing in the past trading session. Trading was volatile due to the monthly F&O series expiry today. At 12:30 IST, the barometer index, the S&P BSE Sensex, dropped 660.01 points or 0.82% to 79,574.07. The Nifty 50 index fell 179.75 points or 0.74% to 24,095.15. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index added 0.03% and the S&P BSE Small-Cap index rose 0.60%. The market breadth was strong. On the BSE, 2,306 shares rose and 1,502 shares fell. A total of 146 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 4.68% to 15.31. The Nifty 28 November 2024 futures were trading at 24,066.15, at a discount of 29 points as compared with the spot at 24,095.15. The Nifty option chain for the 28 November 2024 expiry showed maximum Call OI of 165.2 lakh contracts at the 24,300 strike price. Maximum Put OI of 117.8 lakh contracts were seen at 24,000 strike price. Buzzing Index: The Nifty Auto index slipped 0.97% to 23,288.70. The index rose 0.45% in the past trading session. Mahindra & Mahindra (down 2.70%), Eicher Motors (down 1.70%), Samvardhana Motherson International (down 1.32%), Balkrishna Industries (down 1.19%), Hero MotoCorp (down 1.04%), Maruti Suzuki India (down 0.86%), MRF (down 0.79%), Ashok Leyland (down 0.74%), Bajaj Auto (down 0.72%) and Apollo Tyres (down 0.42%) declined. On the other hand, Exide Industries (up 2.52%), Bharat Forge (up 1.11%) and Tata Motors (up 0.09%) edged higher. Stocks in Spotlight: Borosil Renewables rose 0.66%. The company's board approved the appointment of Melwyn Moses as chief financial officer (CFO) of the company with effect from 2 December 2024. Ajmera Realty & Infra India added 0.54%. The company has informed that it has repaid Rs 100 crore of its corporate debt. BEML advanced 2.25% after the company announced that it has secured a contract worth Rs 3,658 crore from Chennai Metro Rail. Powered by Capital Market - Live

Borosil Renewables has appointed Melwyn Moses as the Chief Executive Officer of the Company (Key Managerial Personnel) with effect from 02 December 2024.Powered by Capital Market - Live

Moses is a Mechanical Engineering graduate from AK College of Engineering and has also completed the Senior Executive Leadership Program at Harvard Business School, further enriching his leadership capabilities. Melwyn exceptional track record includes significant achievements in cost reduction, technology adaptation, and sustainability initiatives. Moses visionary leadership and passion for excellence align perfectly with our commitment in driving innovation and growth at the company. Moses is joining the company from UPL Corporation, where he held pivotal roles such as Global HSE head and global formulations head. Moses was also previously associated with Merisant, Zeneca & Syngenta, Pepsico India Holdings, and REIL Products. Moses brings extensive expertise in manufacturing transformation, supply chain optimization, strategic investment planning, and operational excellence. Having served in key global leadership roles, he has successfully managed operations across 31 manufacturing sites and led teams of over 6,000 personnel, including on-roll and contractual employees. Borosil Renewables is engaged in the business of manufacturing of extra clear patterned glass and low-iron solar glass for application in photovoltaic panels, flat plate collectors and green houses. The company reported consolidated net loss of Rs 9.75 crore in Q2 FY25 as against net profit of Rs 25.05 crore in Q2 FY24. Revenue from operations was at Rs 372.42 crore in Q2 FY25, down 7.27% year on year. Powered by Capital Market - Live

Net loss of Borosil Renewables reported to Rs 9.75 crore in the quarter ended September 2024 as against net profit of Rs 25.05 crore during the previous quarter ended September 2023. Sales declined 7.28% to Rs 372.42 crore in the quarter ended September 2024 as against Rs 401.66 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales372.42401.66 -7 OPM %7.718.09 - PBDT25.0128.00 -11 PBT-8.29-2.97 -179 NP-9.7525.05 PL Powered by Capital Market - Live

Borosil Renewables will hold a meeting of the Board of Directors of the Company on 11 November 2024Powered by Capital Market - Live

Borosil Renewables has allotted 8,000 equity shares under ESOS on 17 September 2024. With this allotment, the paid up equity share capital has increased to Rs. 13,05,45,795 divided into 13,05,45,795 equity shares of face value of Re. 1/-each. Powered by Capital Market - Live

Net Loss of Borosil Renewables reported to Rs 12.96 crore in the quarter ended June 2024 as against net loss of Rs 8.32 crore during the previous quarter ended June 2023. Sales rose 4.60% to Rs 370.79 crore in the quarter ended June 2024 as against Rs 354.50 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales370.79354.50 5 OPM %5.977.47 - PBDT18.3825.67 -28 PBT-15.57-6.75 -131 NP-12.96-8.32 -56 Powered by Capital Market - Live

Borosil Renewables will hold a meeting of the Board of Directors of the Company on 12 August 2024.Powered by Capital Market - Live

Borosil Renewables announced that the 61st Annual General Meeting (AGM) of the company will be held on 23 August 2024.Powered by Capital Market - Live

The Finance Bill 2024, presented on 23 July 2024, proposed a 10% basic customs duty on solar glass imports starting 1 October 2024. This removes the previous exemption for solar tempered glass used in manufacturing solar cells and panels. This move aims to create a level playing field for domestic manufacturers like Borosil Renewables, India's leading producer of solar glass. Borosil Renewables is the first and only solar glass manufacturer in India. On a consolidated basis, the company reported net loss of Rs 48.07 crore in Q4 March 2024 as against net profit of Rs 10.10 crore in Q4 March 2023. Net sales declined 8.39% YoY to Rs 283.11 crore in Q4 March 2024. Powered by Capital Market - Live