Borosil Scientific Ltd Share Price

History of Borosil Scientific Ltd

Borosil Scientific Limited was originally incorporated as a Private Limited company with the name and style of Klass Pack Private Limited' and Certificate of Incorporation dated May 29, 1991 was issued by the Registrar of Companies, Mumbai). Subsequently, the Company was converted from a Private Limited Company to a Public Limited Company and renamed as Klass Pack Limited' and a fresh certificate of incorporation dated June 19, 2018 was issued by the Registrar of Companies, Maharashtra at Mumbai. Pursuant to the Scheme of Arrangement, the name of the Company has been changed to Borosil Scientific Limited and a fresh Certificate of Incorporation dated December 05, 2023 was issued by the Registrar of Companies, Maharashtra at Mumbai. At present, the Company is engaged in the business of m ...anufacturing and trading of Scientific & Industrial Products (SIP) and Consumer Products (CP). SIP consist of laboratory glassware, instruments, disposable plastics, liquid handling systems, explosion proof lighting glassware, glass ampoules, tabular glass vials and pharmaceutical packaging. CP consist of glass tumblers, glass bottles, storage products etc. The Company offers more than 4,000 products encompassing scientific and laboratory glassware, analytical vials, filter papers, laboratory equipment, process systems, primary pharmaceutical packaging and allied products. Their laboratory equipment, bearing the 'Labquest' brand, complies with national and international standards. The Company further specialize in Glass Ampoules and Tubular Glass Vials of USP Type 1 glass, which serves as vital primary packaging material for pharmaceutical companies producing life-saving injectables. Additionally, its product portfolio includes Analytical vials. Post-acquisition of the subsidiary in April 2023, Goel Scientific Glass Works Limited, the Company introduced Process Sciences in providing sophisticated solutions for chemical synthesis, research & process development, and industrial & chemical processing equipment. In 1994, the Company started its business operations at Ambad Factory, Nashik; and later on, started business operations at Gonde Factory in Igatpuri in 2012. In 2016, Borosil Glass Works Limited acquired stake in the Company thereby making the Company it subsidiary. The Company became a subsidiary of Borosil Limited through the Scheme of Arrangement for Amalgamation between Vyline Glass Works Limited and Fennel Investment and Finance Private Limited and Gujarat Borosil Limited and Borosil Glass Works Limited (now renamed as Borosil Renewables Ltd.) and the Company effective from February 12, 2020. The Company entered the Process System by acquiring Goel Scientific Glass Works, Baroda in FY23. In FY 2023-24, through the Scheme of Arrangement amongst Borosil Limited and the Company and Borosil Technologies Limited (BTL), the Scientific and Industrial Products (SIP) Division got demerged from Borosil Limited to the Company and BTL got amalgamated with the Company on December 2, 2023. Following the demerger and acquisition of Goel Scientific Glass Works Limited, Company now operates through four specialized business divisions: laboratory glassware & consumables, laboratory instrumentation, primary packaging glass vials and ampoules for pharmaceuticals, and glass process systems for both laboratory and industrial applications. The Company also allotted equity shares to the eligible shareholders of BL on 5th December, 2023 in the ratio of 4:3 (i.e. for every 4 equity shares of BL, 3 equity shares of the Company was allotted) pursuant to said Scheme. A new high-tech facility for manufacturing microscope slides having a capacity of 10,000 slides per annum became operational in FY 2025.