Borana Weaves Ltd

Borana Weaves Limited was originally incorporated as Borana Weaves Private Limited' as a Private Limited Company pursuant to a Certificate of Incorporation dated October 28, 2020 issued by the Registrar of Companies, Central Registration Centre. Subsequently, Company was converted from a Private Limited to a Public Limited and the name of the Company was changed to Borana Weaves Limited' dated September 24, 2024 by the Registrar of Companies, Central Processing Centre. Company is a textile manufacturer based in Surat, Gujarat, specialised in manufacturing of unbleached synthetic grey fabric that is often widely used as a base for further processing (including dyeing and printing) in industries such as fashion, traditional textiles, technical textiles, home décor, interior designing, etc. In addition to grey fabric, Company also manufactures polyester textured yarn (PTY Yarn), which is produced by heating polyester oriented yarn (POY Yarn), raw material used in the production of grey fabric. The manufacturing units are operational in Sachin, Surat. Most of the manufacturing and processing in our units are carried out using textile manufacturing technologies, pollution light machinery and tools which are supplied by domestic and global players in the synthetic fibre industry. Company commenced grey fabric and PTY yarn manufacturing at Unit 1 with an installed capacity of 4,66,56,000 meter per annum in FY 2021-22. It commenced grey fabric and PTY yarn manufacturing at Unit 2 with an installed capacity of 8,94,24,000 meter per annum in FY 2022-23. It further commenced grey fabric and PTY yarn manufacturing at Unit 3 with an installed capacity of 9,72,00,000 meter per annum in 2023-24. The Company launched the IPO by issuing 67,08,000 equity shares having the face value of Rs 10 each by raising Rs 144.89 Cr through fresh issue in May, 2025.