About Borana Weaves Limited

Borana Weaves Limited is a public limited textile company incorporated on October 28, 2020, with its registered and corporate office at Plot No. AA/34, B-16/16, Hojiwala Industrial Estate, SUSML, Sachin, Surat – 394230, Gujarat, India. The Company is engaged in twisting, sizing and texturizing of yarn, and weaving of grey cloth on water-jet looms, serving the fabric value chain with a focus on quality and timely delivery. Operations are concentrated in Surat, where Borana runs three units with 700+ looms and supporting processing equipment, enabling scale and product variety across yarns and grey fabrics.

Borana Weaves Limited Key Milestones

In the latest year, Borana converted from a private limited company to a limited company with effect from September 24, 2024, marking a key governance milestone in its journey. The Company’s equity shares were subsequently listed on both BSE Limited and the National Stock Exchange of India Limited on May 27, 2025, further deepening market access and transparency for investors . Earlier in the year, Borana allotted 1,98,97,500 equity shares as bonus shares on June 22, 2024, enhancing its equity base; by March 31, 2025, the dematerialisation of shares stood at 100% across NSDL and CDSL.

Products and services span yarn (twisted, sized and texturised), grey fabric, beams and related textile outputs. Sales categories disclosed include Grey, Yarns, Down Grade, Beam and Wastages, reflecting Borana’s integrated position in the textile value chain. The Company reported no foreign exchange earnings during FY 2024–25, underscoring a primarily domestic sales footprint for the year under review. Subsidiaries: 0; Associates: 0, as disclosed for the year.

Borana Weaves Limited Key Management

• Mangilal Ambalal Borana, Chairman & Managing Director
• Ankur Mangilal Borana, Executive Director and Chief Executive Officer
• Rajkumar Mangilal Borana, Executive Director and Chief Financial Officer
• Seema Lunia, Company Secretary and Compliance Officer

Latest Updates on Borana Weaves Limited

• Corporate reorganisation: Converted from private limited to limited company with effect from September 24, 2024, aligning structure with growth ambitions.
• Capital market milestones: Listed equity shares on BSE and NSE on May 27, 2025; all shares are in dematerialised form, and demat shareholding stood at 100% as on March 31, 2025.
• Equity actions: Allotted 1,98,97,500 equity shares as bonus shares on June 22, 2024, strengthening the equity base; the ISIN is INE16SF01016.
• Operations footprint: The Company operates three units in Surat with 700+ looms and processing equipment, supporting scale-up and product diversity across yarn and grey fabric.
• Working capital and growth: Allocated Rs 26.50 crore to enhance working capital to support procurement and production cycles across units, enabling efficient growth execution.
• Governance and audits: Proposed reappointment of M/s. KSA & Co., Chartered Accountants, for five financial years subject to shareholder approval; the internal financial controls were found adequate and operating effectively as at March 31, 2025.
• Credit rating: Bank facilities were rated BBB/Stable (fund-based working capital limits), as communicated during the year.