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Borosil Limited BOROS II: ( Formerly Known As Hopewell Tableware Limited) CIN ~ U36100MH2010PLC292722 Registered & Corporate Office : 1101, Crescenzo, G-Biock, Opp

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Borosil Limited BOROS II: ( Formerly Known As Hopewell Tableware Limited) CIN ~ U36100MH2010PLC292722 Registered & Corporate Office : 1101, Crescenzo, G-Biock, Opp Borosil Limited BOROS II: ( Formerly known as Hopewell Tableware Limited) CIN ~ U36100MH2010PLC292722 Registered & Corporate Office : 1101, Crescenzo, G-Biock, Opp. MCA Club, Bandra Kurla Complex, Bandra (E), Mumbai- 400 051 , India. T +91 22 6740 6300 F +91226740.6514 E [email protected] W www.borosil.com September 04, 2020 The DCS- CRD BSE Limited National Stock Exchange of India Ltd. Corporate Relationship Department Exchange Plaza, C-1, Block G, 1st Floor, New Trading Ring, Bandra Kurla Complex, Rotunda Building, P. J. Towers, Bandra (East), Mumbai- 400 051 Dalal Street, Mumbai- 400 001 Dear Sir I Madam, Sub: Submission of Annual Report for the financial year ended March 31, 2020 Scrip Code: 543212 Symbol : BOROLTD Series: EQ ISIN: INE02PY01013 This is with reference to Regulation 34 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"). Please find enclosed Annual Report for the financial year ended March 31, 2020 comprising of Notice for lOth Annual General Meeting and other documents and information as required as required under the prevailing laws/ provisions, for the financial year ended March 31, 2020. The Board of Directors of the Company, has approved the audited accounts on July 13, 2020 whereas the shares of the Company were listed on BSE Limited and the National Stock Exchange of India Limited on July 22, 2020. In view of the same declaration regarding Auditors Certificate with unmodified opinion under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements), 2015, was not applicable to the Company at that time. The Company, however, hereby declares that the statutory auditors M/s. Pathak H. D. & Associates LLP, Chartered Accountants (Registration No. 107783W/ W100593) have issued audit reports with unmodified opinion on annual audited financial statements of the Company for the year ended March 31, 2020. Trust you would find the above in order and take the same on your record. Thanking You, Yours Faithfully, For Borosil Limited (Formerly Hopewell Tableware Limited) .-. OJ Dere Company Secretary & Compliance Officer Membership no. FCS 7652 Encl: as above BOARD OF DIRECTORS P. K. Kheruka Chairman – Non - Executive Director (DIN 00016909) Shreevar Kheruka Director (upto 11.02.2020) (DIN 01802416) Managing Director & CEO (w.e.f. 12.02.2020) (DIN 01802416) Ramaswami Velayudhan Pillai Hemant Kumar Arora Rituraj Sharma Non-Executive Director Non-Executive Independent Director Non-Executive Director (upto 14.01.2020) (upto 14.01.2020) (upto 14.01.2020) (DIN 00011024) (DIN 02183588) (DIN 07426469) Naveen Kumar Kshatriya Ashok Kumar Jain Rajesh Kumar Chaudhary Additional & Non-Executive Non-Executive Director Additional & Whole-time Director Independent Director (upto 12.02.2020) (w.e.f. 12.02.2020) (w.e.f. 03.02.2020) (DIN 00025125) (DIN 07425111) (DIN 00046813) Anupa Rajiv Sahney Kewal Kundanlal Handa Kanwar Bir Singh Anand Additional & Non-Executive Additional & Non-Executive Additional & Non-Executive Independent Director Independent Director Independent Director (w.e.f. 03.02.2020) (w.e.f. 03.02.2020) (w.e.f. 03.02.2020) (DIN 00341721) (DIN 00056826) (DIN 03518282) CHIEF FINANCIAL OFFICER COMPANY SECRETARY Ashwani Kumar Jain (upto 20.07.2019) Manoj Arvind Dere (w.e.f. 03.04.2019) Anand Mahendra Sultania (w.e.f. 05.11.2019) REGISTERED & CORPORATE OFFICE FACTORIES : 1101, Crecenzo, G-Block,Opp. MCA Club, a. Village Balekhan, PS- Anatpura, Near Govindgarh, NH-52, Bandra Kurla Complex, Bandra (East), Sikar Road, Chomu, Jaipur -303807 Mumbai – 400 051,Maharashtra, India b. B-7/2, MIDC, Tarapur, Boisar, District Palghar, Maharashtra c. Ankleshwar Rajpipla Road, Village- Dumala Boridra, Post – Kharchi, Tal. Jhagadia, Dist. Bharuch-393001, Gujarat ZONAL SALES OFFICES MUMBAI KOLKATA CHENNAI DELHI Kanakia Zillion, B-Wing, Unit No.306, Dabriwala House, 10-C, 1st floor, New No.20, 19/90, Connaught Circus, L.B.S. Marg, Middleton Row, Old No.9 Brahadammal Road, Madras Hotel Block, Kurla (West), Kolkata - 700 071 Nungambakkam, New Delhi - 110 001 Mumbai – 400 070 Chennai – 600 034 AUDITORS REGISTRAR & TRANSFER AGENTS Universal Capital Securities Pvt. Ltd. Pathak H. D. & Associates LLP Old Address New Address w.e.f. September 01, 2020 Chartered Accountants Unit : Borosil Limited Unit : Borosil Limited 21 Shakil Niwas, Mahakali Caves Road, C 101, 247 Park, LBS Road, Vikhroli West, Andheri (East), Mumbai - 400 093 Mumbai – 400083 Tel No: 22-28207203/04/05, 28262920 Tel Nos. : (022) 28207203-05 Fax No. : (022) 28207207 Email id : [email protected] The Shareholders are requested to fill up and send back EMAIL REGISTERATION FORM as provided in page no. 239 of this Annual Report. 1 Width 8.25 inches x Height 11 inches INDEX Notice 9 Directors’ Report 35 Annexure to Directors’ Report 54 Report on Corporate Governance 80 Standalone Financial Statements Independent Auditor’s Report 100 Balance Sheet 108 Statement of Profit and Loss 110 Statement of changes in Equity 111 Statement of Cash Flow 112 Notes 114 Consolidated Financial Statements Independent Auditor’s Report 169 Balance Sheet 174 Statement of Profit and Loss 176 Statement of changes in Equity 178 Statement of Cash Flow 179 Notes 181 Form No. AOC-1 238 E-mail registration form 239 2 Beautifully Designed, Simple, Smart And Practical Products, HEALTH AND HYGIENE FIRST We focus our attention on those activities that add value to our customers. We strive to understand the needs of our customers proactively and meet their requirements. The recent Corona pandemic will bring about several behavioural shifts in our consumers and some of these might be long-lasting. Inevitably, there will be a greater concern about health and wellness. Borosil's microwavable, storage and vision range of products made of borosilicate glass have the inherent value of being more hygienic and safer than almost any other material. All these products offer hassle-free cleaning and can be microwaved. This helps to kill germs and reduces chances of spreading unwanted bacteria and virus infections. As we emerge from a corona virus induced lockdown, we expect our consumers to exercise precaution about the food and drink they consume at home and at work. People may prefer to carry their own food and drink from home rather than ordering a meal from a restaurant or take out service. Our Hydra range of stainless steel bottles and Carry Fresh lunch boxes are not only convenient to carry but also ensure that the drink and food remains hot/cold, fresh and safe for consumption. 33 Over the last few years, Borosil has worked on delivering a GOING ONLINE seamless experience to its e-shopper consumers. Our products are available across leading e-Commerce We focus our attention on those activities that add value platforms. to our customers. We strive to understand the needs of In addition to this, Borosil's brand store (www.myborosil.com) our customers proactively and meet their requirements. showcases our entire range of storage, cooking and serving Covid -19 made consumers change their preferences of products. Myborosil.com has been designed keeping our how they shop and transact with brands. Hardwired mall consumers' experience at the centre of it's DNA. shoppers have converted into online shoppers. In a few Navigation is simple even for first-time visitors; moreover, short weeks, the number of first time e-Commerce there is no requirement to register and consumers can consumers has risen dramatically. The need to step out directly browse and shop from the first click. A one-step and visit shops or malls and experience delays standing in check-out process and hassle-free online payment options queues to maintain social distancing norms is likely to keep the journey smooth and easy. cause a definite shift in favour of searching for and Our logistics are configured to ensure quick delivery and we purchasing their favourite products from the safety have a well trained customer care team to iron out even the and convenience of their homes. slightest of issues. 4 UPGRADING THE KITCHEN We focus our attention on those activities that add value to our customers. We strive to understand the needs of our customers proactively and meet their requirements. Enforced social distancing when communities are ordered into lockdown, may remain a part of our daily lives to some degree. While we won't stay away from restaurants and ordering food in completely, cooking at We endeavour to partner with our consumers in organizing home is expected to rise in the post-Corona world. their kitchens and making the experience of chopping, More time will be spent in the kitchen not only to cater to blending, cooking and baking much more convenient, efficient regular daily meals, but also to try new recipes and give and enjoyable. expression to one's creative side and culinary talents. Borosil offers a range of cabinet storage products that are helping to replace plastic storage with healthier and more environmentally friendly glass in well-designed containers that optimise space and enable easy stacking. Our range of modern kitchen appliances are dependable friends to the modern consumer who is looking for help to increase efficiency and reduce time in the kitchen without sacrificing on the quality of the dish being served up. From mixer-grinders and blenders to toasters, ovens and grills Borosil's range help our consumers perform beautifully. 35 RELIABLE PARTNER QR CODED Volumetric Flask Dv206 274Y Compatible with LIMS DATA on Finger tips Laser Printing Available on request While the entire world is battling covid-19, the Indian Pharmaceutical Industry has geared up to provide medicinalsupport. Over the last two months India has ramped up the production of pharmaceuticals and its developments in biopharmaceuticals to make drugs available across the globe. During the lockdown following the outbreak of the pandemic in India, Borosil and its distribution network were able to deliver critical glassware on time to its customers across the country.
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